As you can see on the last 6hr candle we closed just below the SMA, I guess we wait and see if supply outways demand and we test the 200ema, or do we get another run up to hit some stops before heading down? Cheers
As you can see on the daily time frame when we get two small red candles consecutively we get a pullback, now I know there is a way to go before the daily close but it's something to keep an eye on, always pay attention to your chart, charts are true most of the time, (liquidation wicks excluded) .Trade safe, Cheers.
Is Bart making a comeback or is this an April fool's joke? I guess we have to wait and see what unfolds but if it is Bart you know what happens. Cheers
This is the Daily timeframe on MC B, as you can see we have a huge bearish divergence that will play out sometime soon, don't get caught up in the narrative that we are going straight to all-time highs. Cheers
It clearly shows that the bull run starts when the 21ema crosses the 20sma on the monthly timeframe, we may or may not get a pullback to the low 20sk area but until we get that crossover anything can happen. Cheers
As you can all see that when the price moves up but volume is heading down that means low liquidity, I feel that the best BTC could do at this point is maybe hit the low 30k area, but I see a lot of liquidity below us that I feel the market makers will want to grab before anymore upside, remember to always use the right amount of margin when you trade and protect...
Maybe with the huge bearish divergence on the 4HR time frame, we have a look at around 24k in the not-to-distant future, I would assume the 200sma would provide some resistance.
First and foremost I am not suggesting that this scenario is/or will play out, but looking at the macro for BTC anything is possible, also there is a whole bunch of liquidity below us now that the market maker would like to get their hands on. Also as you can see in the thicker yellow ABC we have both the A wave and the B wave having ABCs inside of them which...
When the 10sma crosses the 50sma on a weekly time frame, well you can see what happens when you look at the chart, now it still might get choppy but it's a very strong signal.
Ok as I mentioned in my last post, nothing was confirmed for a short, as you can see we have an ABC inside the C wave which lets me know we may be stalling out, my short entry will be the red line you can see once we come down through it, remember to use correct risk management, such as your margin and stop-loss. Cheers
It's looking like we MIGHT get a short ABC setup on the 4HR time frame, remember we need the C wave to move above the A wave, also we have a potential bearish divergence on the RSI, remember nothing is confirmed as of yet.
As you can see we have an ABC inside the macro A wave and also have an ABC inside the macro B wave, remember when everyone else is screaming 100K bitcoin we stick to what the chart is telling us, and when we reach the top of the zone we start to look for our ABC short setup. Cheers.
As you can see when the 10sma crosses the 50sma on the weekly TF we tend to get a decent move, this doesn't mean that we can't reject from the 200sma, just be careful.
