What do you mean MEGA?? Even bigger than this one today??
Yes..that's exactly what I mean.
This is a Mega wedge (triangle) and it's contracting.
Contraction means becoming smaller, getting closer to 'delivery' and in this case the baby's name is V O L A T I L I T Y .
What do you guys think?
the FXPROFESSOR
A couple of days ago, I made an analysis on the potential near term moves of Bitcoin. In the analysis below I argued that we could either see a head an shoulders pattern emerge, or that the orange resistance line would hold, causing a new potential sell-off.
Well, the sell-off...
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The most important thing in the current situation is the movement of the BTC price.
Therefore, checking the BTC price movement should be prioritized over investing in altcoins at the...
Bitcoin has seen a very bearish few days after getting rejected from 41K. Ever since that rejection and the break below the 200MAs on the 15Min and 1H chart, price has been unable to recover above it. The most recent test of the 200MAs on the 15Min resulted in a rejection and prices fell even lower. We are seeing a slight bullish RSI divergence, so price might...
Well,
you had been warned but what's next?
Will the price find support (green level is STRONG) or will we need to go lower?
Let me know your thought,
the FXPROFESSOR
Bitcoin - It is about to complete the impulse drop from last swing high of 41.3k level. So now expecting corrective bounce. The drop can be the part of impulse 5th wave OR double zigzag in 4 hr time frame. The next 50-62 % correction would be considered to be a bearish trade opportunity for next move down.
➰ Pair Name : BTC/USD
Time Frame : 1 analysis / 4hr'
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
➕ Key Technical / Long
———————————
Bullish Reversal
Bump Area
34500
Reasons
- Major Trend Reversal
- Liquidity Zone
- Shoulder Formation
- Key level Area
Bearish Dump
Reversal Area
52500
Reasons
- Major Turn...
What is a Fibonacci fan?
A Fibonacci fan is a chart construction technique used in technical study that uses the Fibonacci interaction to graphically predict support and resistance levels.
The Fibonacci quantity can be used to explain the proportions in things, from the smallest building blocks of nature, such as atoms, to the most advanced patterns in the...
BTC has not broke the $30K level, in fact is made a lower high which can be a bullish reversal in the coming weeks. There is generally a lot of fear right now which can sometime be a sign of a reversal to upside to catch people off guard. buy low sell high remember that! In our community we just bought the bottom again!
Welcome to this quick update everyone.
Hope you had an amazing weekend with your family.
I know the market has been acting unexpectedly.
Good thing is we didn’t take any trade during weekends.
You actually saved a lot of money doing so.
Let’s get to the chart.
We broke below the green channel support trend line which is now a resistance.
In lower time frame we...
Hi Traders,
Bitcoin is heading lower to complete a five-wave sequence. The price seems to be in wave (iv) which is currently unfolding as a triangle pattern.
According to Elliott Wave theory, a triangle usually precedes the last move of a sequence. If this count is correct, we should see another leg lower in wave (v) before any major bullish reversal.
What's your...
Hello, dear subscribers!
This week has started with the massive Bitcoin price drop. The uncertainty on the crypto markets scares a lot of traders. Let's try to examine the current market situation and spot the key levels and points for the different scenarios.
Scenario 1
The price now is in strong downtrend. The first point for this downtrend intrerruption ...
Sorry guys, I was banned for 5 days on tradingview... But let's get back to our subject which is BTC. First of all it's pretty obvious that the market looks really bad for long term investors. I also highlighted two key zones on the chart where I see some potential buying and selling pressure on the market. We also have a bearish flag pattern forming, a breakout...
Bitcoin is among two trend line and is being compressed (Wedge pattern)
Depending on which side the breakout is made
We expect these scenarios
Good luck
I've shorted this crap since 59k --- and now, amazingly, it looks like the bulls are back in charge.
I'll have a bullish bias going forward, with a strong preference for long bets. Probably only go long if 35k holds tomorrow.
Immediately, we might go down a bit, perhaps 35k test, and then up we go.
Link, ETH, XRP ... the usual suspects look good from this...
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