creengrack

creengrack Updated 

:inverted_rocket: looking at btc follow her every move, targets are below 35 stopping at 32 watch top of box as major resistance. invalidation above VPSRA volume DECREASING volume in down trend as seen before low volume, we float up to find more sellers just a quick analysis nothing too deep

creengrack

Market makers love thursday, its not really anything to boast about though BTC been loving the 1.618 recently, as seen One more wipe of shorts tomorrow morning? $spy bullish close but downtrend structure yet to be broken, perfect excuse to pump and get the liquidity they need.

creengrack Updated 

If we lose that level we will have a slow burn in my opinion as we ride the bollinger band down to 7500-11k. -Bounces at 20 On a bullish note, this has been great support for btc in the past as you can see. LOWER BOLLINGER BAND

creengrack

is this considered descending volume in an uptrend or down trend? indicator is VPSRA tyia

creengrack

Now that your shorts are loaded theyll probably spike it in your face... GL

creengrack

If level one resistance breaks, expect resistance 2 to be next zone taken by bulls. beras will come out to play in that area. I dont see btc going past 39-41 if key resistance breaks.

creengrack Updated 

Friday bearish reversal to trap liquidity in longs. We likely search for higher prices that day (tomorrow) - so what is the volume trend? volume trend has been bearish with rising sell volume The higher we go tomorrow the lower we fall IMO..

creengrack Updated 

40k seems like a decision zone for bitcoin. The 30k support would be strong, id expect a bounce in that area.. possible bottom. The time to trap liquidity will be at a monday morning high. Then dump for market makers to swim in your money. Everyone is pricing in biden and putin, high volatility If 30k breaks expect 20k to be absolutely no support. 10k likely.

creengrack

Lets look at past price action patterns in accordance with our indicators and fibonacci retracement tools to determine future paths. See comments for other ideas following this idea.

creengrack

The market screams manipulation as market makers bog down price and make billions off the unregulated asset. They will do this until they cant anymore- you may have heard the term supply shock or super cycle, and that theory comes from the idea that they can only manipulate for so long before they hodl it, but it may remain extremely volatile and manipulated until...

creengrack Updated 

bar pattern cycles we are presuming this cycle has been seen before and will repeat we take the bar pattern breakdown we measure it up to current price action we use fibonacci extensions to coincide with our patterns invalidation is 4h closes below 48k level

creengrack Updated 

30k is god support if we break here, i dont see 40 supporting us anymore than it already has. Lets go into lower TFs in comments

creengrack

Untradeable range, dont forget to pay yourself first traders. All gains both sides will be wicked away just like the past price action has.

creengrack

Observing the upward sloping support trend on the stochastic rsi, we also use it for forward time projections if any bull trap were to take place; theoretically the market makers want to trap as many people as possible, waiting for monday to rollover price would do just that. -though i will say dont count out BTC yet, wait for confirmations, the higher we go...

creengrack Updated 

the yellow line is the capitulation from the 2020 ATH, the purple is the most recent pullback in september. Road map idea see other recent charts

creengrack

whether more consolidation or bull breakout, im watching this parabola on dxy to help me decide. I will link btc routes below

creengrack Updated 

High to low to high of cycle tops using fib channels has got both pull backs, i will now compare the cycles in real time and attempt to trade this idea. I think we put in some ranging at this area and make a ascending triangle into spring. maybe earlier

creengrack

With fear at an all time high, it seems like the perfect recipe for some higher targets, first is 75k. Bar pattern analysis on previous post