It seems time and time again with BTC we are looking at either accumulation or a distribution pattern, make of it what you will but remember that markets never i repeat NEVER lie
As you can see we have printed a red dot on the monthly time frame, History has told us that when we had that signal in the past it was at minimum a 35% retrace, we have our macro ABC pattern that is looking very bearish right now, Trade Safe Cheers
If you look at the 1week & 2week time frames they are not great if you are a bull, this is about the best I can see on a 3hour time frame, we have bullish divergence along with money flow getting shallower, may the best I can see would be 28K, if we get above the 200 ema BUT don't bet the farm on it, trade safe, cheers.
The Monthly chart, well at this point in time FWB:25K is looking quite magnetic with the 50sma and previous tops converging, the question is will market makers flush through FWB:25K knowing that a lot of orders will be stacked there and grab the liquidity from all the stops before moving up, or do we see another sell off to try and flush out some weak...
I can't believe the similarity in these patterns, being bitcoin I guess anything is possible and if it was to play out it would shake up a lot of the weak hands.
Daily time frame, as you can see we have had the 21ema cross down over the 200sma three times before we start the bull run, we have only had one cross down for this cycle....NO BULL RUN JUST YET PEEPS.
Get on the daily time frame and put on the Zig Zag indicator and this is what you see, now these are just facts, we have candle bodies below the local swing highs which means that short term and I mean short-term that it's a sign of weakness if we get down to 25k and I mean if and we can't hold it as support then and only then, in my opinion, will it get a bit messy.
Well as you can see that each arrow represents 140 days, BTC seems to like that time in a trend on the macro scale, maybe we should just stand back and watch the show.
As you can see we have a huge hidden bearish div on the daily time frame, this is not your regular 14-period RSI length with this setting it tends to show divergences that tend to matter on the larger timeframes. Cheers
Just want to show you my short setup, I will wait to hedge a long one only once I get a valid setup on at least a 1-2hr time frame with good trend separation.
The past has shown us that when we use the 50% level of the fib as support on a macro time frame, that's when we start the true bull run, it also seems to be not long after the halving so trade safe and be patient, remember that we can make some great gains in a downtrend as we do in an up trend. Cheers
Ethereum on the weekly time frame hit the anchored VWAP to the dollar before rejecting, you can see where I feel the retrace might pull back to, also we have a beautiful ABC short setup that might turn out to be a runner. Cheers
Ok, peeps I want to make this really simple, as you can see this is the monthly time frame and I have the 20sma on the chart, when we get a monthly close above the SMA that's when we get to build the bull run, now I know we have a ways to go before we get the April close but just keep in mind that a sell-off may happen if we can't hold some support levels on the...
More of the same with a volume divergence as you can clearly see, Crypto, in general, is an accessible market to move for the big players, whales etc, be smart and trade safe. Cheers.
As you can see we have a rising wedge pattern forming on the daily time frame, A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex. Now all patterns are subject to volatility...
