I was bullish before. but now I am bearish because the bottom point that needs to be protected is broken. There are two different scenarios, there is a liquidity below, if the price comes below that point, the decline will continue, but if the previous peaks I mentioned are broken, I can look bullish on the market, but I am currently bearish.
Obviously an incomplete pattern, but if the plays out here are the levels I will be watching.
1. Fib 1.127 is a historically consistent top for BTC on several TF's. Ending here would have strong confluence and make a bearish harmonic as well as a rising wedge.
2. Once the harm retraces to the 050 target, I would expect to see drop below the R. wedge LTL,...
I'm back,
Let me get straight to the point on my macro view (shortened version),
From this point on I think we actually reclaim some levels in the mid 20's, retest lower 20's and then BOOM the real bull trap to upper 20's maybe even lower 30's. They think we are back. Cascading Liquidations. We now wick to sub 10's. You wont be able to catch this wick but it...
Here is the latest update for you panda fam base daily timeframe ! 🐂
With just a quick glance at the chart, you already know what can happen 😉 You are simply distracted with noise on lower timeframes while settling whether to sell your holdings, but you should try backtest this data using the most recent bull run from 2020.
The PBr keylevels + Price Action...
On March 27 I went on a kindred spirit's idea titled:
12 Things That Suggest BTC is a Speculative Bubble
I posted this comment:
"I don't want to impose. Therefore I'll ask the author for a posted chart since the the March 14 high on BTCUSD Shorts. Thanks
On the current hourly chart it looks like a cradle. Someone is rock'n the cradle! YEAH!
Notice how low the...
Hey Guys, filming this one from the South of France before off to Monte Carlo Later!
As we said previously, the rally up to early resistance on BTCUSD was fended away, as we suspected.
If you are sitting on your hands waiting (diamond hands) You may be sat for a long time...
ANY market needs a reason to rise.
Markets tend to take longer amount of time because...
BTCUSD Longs/Shorts Ratio chart came back to the lower side of a range very quickly, which can be supportive for the Bitcoin based on the past reactions, so be aware of a bullish continuation.
I think something like this make sense? We are at a 1st leg or wave of impulse, that is led by early adapters. 2nd leg up would be BTC outperforming SPX. 3rd wave would be a market chop w/ still some opportunities. 1st wave -> buy when it's cheap (bellow 70k crowd). Then comes rally to 120-150k. Before it becomes too expensive. 2nd and 3rd wave are led by ppl...
Illustrated on the chart are the short spikes coinciding with market dips. Each recovery was tied into the closing of the vector shorts. Shorts are currently closing again.
The trend is your friend, based on this i expect the same.
Amazing price action lately for bitcoin as it is now breaking up from a bullflag with a full measured move target from the flag of $64808. We can also see that if the current candle closes similar to the shape its in now that we would have a 3 green soldier candlestick pattern on our hands which most often s signals a bullish continuation. Of course there can...
Charts full cycle trend. Logarithmic regression allows you to model price behavior. Where more accelerated growth happens earlier on and then as time goes on it starts to level off a bit.
In 2022 I posted my theory the BTC longs chart had bubble like tendencies. I was partly correct. I forecast longs would spike and then drop.
They didn't spike. Did drop.
My forecast here was based on the expectation people would close out longs near the low and there'd not be much participating in the rally. That's how things realistically go. Social media...
What a long way we've come from the panic over the SBF thing.
When I posted the points warning of a short squeeze coming the short interest in BTC was over 9,000.
Today, the short interest in BTC is at an all time low.
We now into the area where there'd classically be most risk of a rug pull setup in BTC, but we have very few people interested in betting on it.
Just a quick one.
Textbook example of a dump to grab liquidity and trap late short sellers.
Bulls grabbing fuel to help drive the next leg up and wash out over leveraged long positions.
You can see pretty clearly using the bixmex short positions vs btc price.
