G0ldenross

G0ldenross

To make long story short, we all know what's been happening towards FED's Rate hikes and Banking System turmoil since early this year with SVB failure, i had this ''map'' on what this bear market rally would top and why, still uncertain but very close to what could trigger that top is First Republic Bank latest bankruptcy. Now we will have this week another...

G0ldenross

I've seen so many ideas for short positions at this level, even tho it could go lower to 13k, why would you risk and short position close to bottom??. If you didn't short at the top or in one of the bounces, save yourself the terrible feeling of getting liquidated by one of those short squeezes and use some logic.

G0ldenross Updated 

Well, for some Devine reason, I tend to post when bitcoin is at the top, I’ve found out in my record that I’ve been very accurate at tops, I say this because I can recognize to myself that it hasn’t being the case for the bottoms, so here a go again at a potential new top. What’s special about this top is that the probabilities are very similar for both sides, up...

G0ldenross Updated 

There’s no need to say much... but i will update some ideas in the process..

G0ldenross

Nothing much to say, except, we are testing smaller TL, not stronger like the next one, but still an alert advice to keep our eyes on it, we can set the top here if market is smart enough. good luck guys

G0ldenross

This could be the biggest Trap ever created... a Big ascending T in a bear market?. if this continues to the whole October, which is very unlikely to me, and keeps building higher lows...that would be a pattern i wont like to see completed.i don't rely on ascending T only, because they usually are fake, but i guess that's the last opportunity to increase...

G0ldenross

Simple, we have build a channel, now we can break it down and go to 5.8k to test support again, or we jump again to 6.9k, we should still be in the channel until maybe ETF decision tomorrow? Let's see.. both shorts and longs have good possibilities, although I feel more confortable opening shorts at the moment.

G0ldenross Updated 

We are seeing a bear flag in here, look at the count yourselves, it gives a target in the 5.7k area. Just have to wait and see it... There was also a Symmetrical triangle that was broke down. Now it probably need to consolidate.

G0ldenross

Some are calling for a higher low, while I only can see bearish indicators and patterns... Well I see a descending triangle at the moment, if the pattern is correct then 6.4k would be next support to watch with a lighter support at 6.65k. Volume is decreasing and is should have a big sell volume bar when braking down the support line in 6.85k....Maybe one more...

G0ldenross Updated 

There are 2 things after what I call a golden Chart in my Accumulation model (I'll leave it as related Ideas). The #1 thing is we might be in a distribution, so I tried to do the same thing I did with accumulation model, but now I am doing it based on distribution model, now, #2 thing is that either one of which I have been analyzing does not fit entirely with...

G0ldenross Updated 

Well, if you guys have been following my btc tracks, and you would probably come out with the conclusion 'this is a great TA for BTC lately', I believe overall that I haven't missed the important movements BTC is gonna take next, of course I have an stablished long term view (you can check that in previous ideas) but for the short term, as far as I can see, is 1...

G0ldenross Updated 

Now you can see, Phase D can be said has begun, in this Accumulation process, I HATE to be so intense in my analysis, but I insist, a retest on the Trendline must be enough to shakeout the market, I don't think this is done. YES, I expect a pullback later today, maybe tomorrow, and definitely I expect a top at 8kish... but first, we need to correct 7.4k jump, then...

G0ldenross Updated 

In previous Analysis I was explaining a lot about our accumulation Zone and all the details that it required to be explained. Thus, I think I made a mistake on timing the market, and since I always update my analysis, when I checked my Chart I realize one thing, THE VOLUME, I know I have been talking about volume a lot, but I wasn't seeing correctly the volume in...

G0ldenross

This will be a solo idea, it might support my previous ideas, but is not the point right now. For me it is doing the same thing it did from April to May, I will be expecting a high leg right now, I am still holding my target in the 6.8-6.9k area, (It hasn't been broken) this is my Biggest resistance and I think is the most important one right now. It could go to...

G0ldenross

Maybe it will have a good July, BTC say it so too, RSI is below 40 level, but at the bottom so, perhaps it will have a spike for next month, as most of the market. First it will need to show some buy pressure and good volume to break the resistances.

G0ldenross

Everything is describe above in the chart, no other comments are needed... Maybe this is last opportunities for Bull to take the stage and show some bualls XD.... Chill.... If it goes over 6.4k I might have a long MAYBE.

G0ldenross Updated 

NOTA: Para Español, Ir hasta abajo! What do you say about this scenario, Sellers are getting tired if you can say it so, we have less volatility day after day since weeks ago, maybe it could indicate a bottom perhaps??? we are at #1 return point I signaled before on other analysis, we can have a Bounce over the 6k support line, we have been here for 3 days in a...

G0ldenross Updated 

Acumulating in the short term, I'm still waiting for a spike to 6.9k as 1st resistance, Wickoff explain a bit the performance the last 3 days in the bitcoin market. We are accumulating.