Re - Distribution phase is coming for BitcoinGreetings everyone,
Hope you are doing well.
Our last 2 TAs are valid and are playing excellently.
I am adding this chart together with the previous two,
and with this way, I explain how perfectly act the Bitcoin
price action.
Re-Distribution is the phase I am expecting.
Is a phase where we will finally confirm or Not if this upside
momentum from the start of 2023, is real and we saw the bottom at
$15,500 or it was just a fake movement and we will continue the
bear market.
Personally, I expect strong support and a buying volume between $23.000 - $25,200.
Your comments and a possible like in our TA will be always appreciated.
I am waiting for you to discuss anything connected with cryptocurrencies and the crypto industry. :)
Have everyone a nice day ahead!
Trade ideas
50000$ in the moment.Hi.
Many people were surprised by the growth in the pair BTC/USDT, everything was going so beautifully at least to 19-18 thousand down.
Where did this rally come from?
From the panic caused by the situation with USDC, which in turn stems from the situation with Silicon Valley Bank.
Voila!
People wanted to get out of the USDC by any means, at any cost, with losses.
In a moment the price reached $50,000!!!
And that's a huge wick and that's it.
That is, people were exiting bitcoin at a discount of 100%.
Do you think this could mean real momentum?
I'm sure the manipulators are still playing out the situation now, for those who don't get it...
BEARISH PENNANT FORMATION BTC/USD SHORTDear followers and viewers,
*We have a bearish pennate formation along with a death cross on the REX indicator. There were also no signs of bullish divergence on RSI meaning BTC should trade lower, especially if the pennate does not break currently.
*There will be a continuation of the trend, tread lightly if you are bullish better off thinking of a bearish scenario.
*My target for this short is near 20.5k
~MC
$BTC #Bitcoin Potential Running FlatIt looks like that mightve been the worst of it. We might have a running flat / Bullish cypher here, and a smaller bullish shark (expanded flat) for the BCD leg of the cypher.
Holding high and tight above the 382. Really want to see a successful checkback above the inflection zone to gain confidence in another test of the range highs.
If the correction is over and a continuation does happen here, we will probably see 26300-27300 pretty fast for the 1.618 and 2.0 extension.
If THAT happens, thatll likely validate the larger picture here, and thats the broadening formation i posted about. The measured move on that could take us to the .618 of the bear market around 38k (eventually)
$BTC Bitcoin "White Swan" / DragonI posted a similar chart with this pattern back in July 2021 before Bitcoin ran up to hit the 1.13 eventually before a major correction.
Ive been posting a smaller version of the dragon but since ive seen how the rest of the market is playing out, ive updated some targets.
Of course 28k will be a major zone of resistance, but a common retracement to the .618 would take us up just under 40k.
If it plays out the same way it did that July, i think the .786 would be on the table around 50k, with the 1.13 around 80K (not a prediction)
I think the 786 is reasonable but ill still be playing these levels by level. I say that because BTC usually follows DOW retracements and new highs.
Should the Dow jones exceed the 786, or even make new highs, id say thats a pretty strong confirmation that BTC will do the same.
Not a prediction by any means, just outline this pattern, as it could end up being relevant.
Bull run price projection end, based on Adam and Eve formation This is just a quick calculation I did on the Adam and Even formation that has driven the latest bull run, the Adam and Eve pattern has high success rates especially if it is wide and deep. For pattern dependent traders the important thing to note is that the measured move for the Adam and Even pattern has been completed, and a pullback should be in by now. Notice how the yellow line "measured move end" aligns perfectly with a major R level, patterns are just a great way to trade when done properly.
Don't forget your risk management!
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Divergence Building Up 1HRThe hour is not over yet, but this is an early warning sign, keep an eye on divergence on 1hr/4hr timeframes. Divergences tend to lead to reversal more often if they are on higher TFs and near support or resistance zones. If the divergence works out, look out.
Don't forget your risk management!
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Symetrical triangle and inverse head and shoulders on BTC??Any feedback would be appreciated on whether this seems right? possible long entry coming up?
BTCUSD LONGPossible upward movement of the pair. Price is currently in the trading zone with significant volume holding a significant stop near the pivotal 55 period EMA in my strategy for trend continuation analysis. I see a pattern known in my strategy as the ABC pattern, which indicates a range close to the EMA , for a possible continuation of the uptrend, in this case, through its wave C. We see the accompanying indicators such as the Squeeze Histogram of Momentum and MACD with bullish directionality accompanied by the loss of strength of the previous move to the upside in robot, indicated by the ADX below the 23 level. We see a possible selling pattern on the MACD lines. In one-hour timeframes we see important rejections close to the 55-period Ema , also being in a trading area with significant volume and possible buy signal patterns. I think it is quite possible to move higher on a break of the previous lows and continue its trend. You will see the development of the pattern and confirmation of the change in trend to bullish .
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and it makes a range, it will be better to close the operation in case it is possible.
BTCUSD LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
BTCUSDC 15 min chart AnalysisNotice how BTC is ranging nicely. I will be looking to Short BTCUSDC when price reaches 62% of the Fibonacci Retracement which is by $19255. There is a Fair Value Gap around $18900 Price level which is below current price which is a target for the short position.
This is not Financial Advice.






















