This is what I see possibly happening in BTC if this recent pump isn't just a "shakeout" before crashing again. A healthy new trend will act something like this, I think: rally, retrace, consolidate, rally, retrace, rally or consolidate. We shall see but we sure hope 2023 starts turning back upwards.
This has been my go-to chart on Bitcoin for sometime, now. As you can see, I anticipated this price for a while, but it still kinda sucks to see it here. It is quite an opportunity, though. If a person has the capital, these are the times when "smart money" is buying. The analysis is a long term outlook based on "gaps" or "imbalances"; terms coined by the one...
Watched the carnage of that first December sell off/dip. Bought in the low and moved SL to BE. Took some profits. Left some running. Stay chill. Goes up . Gioes down and round and round.
My ongoing BTC chart. See title but....man, this one is being obeyed pretty strongly
While the price has been pushing hard at R, the overall trend looks weakened to me. Posting for later review. Also, late Jan seems to be a time for USDJPY to move. We'll see Don't believe the lies the media is selling you
I find the overall thrust, momentum and pattern here to be interesting and bullish. How deep will the retracement go is my question We're sitting in liquidity and appear to be trying to move higher fast. I think the Eurozone data coming might push this higher. Now just to stay clear of the wicks and not get knocked out of position
Shaking as many people out as possible and buying it up, in order to control it.
"Liquidity gaps" have been proving themselves over and over. Everytime there is a decent sized movement, price always seems to "fill in" or trade through those spots again. I've highlighted two spots in light yellow. (A third was a maybe). It looks like price is likely going to trade in to these "gaps" , I've highlighted. These are concepts learned from ICT....
I analyze the price of COINBASE:BTCUSD to do something similar as seen on chart. They want the price higher and will most likely do some weird "liquidating" type moves in both directions before moving to the next price range higher. Volume is the biggest indicator in crypto, in my opinion, and the hardest to predict as to when it will come. Setting volume...
Looks like it went where I thought it might....for the most part. Buying soon. Mid September
Made a chart for my dad, who was thinking about selling some BTC, and thought I'd go ahead and post it.
Sensationalism. Elections. Iran. Media is feeding fear. The journalist that wrote that recent story on OilPrice dot com is part of the problem.
The EUR vs JPY is showing hourly divergence on an overall downtrend. Also, I don't normally trade trendlines but have been experimenting with them lately. Some swear by them, others hate them. I have no opinion yet. Do you? Lets see what happens. What do you think?
With NFP tomorrow, I am not entering now but will after the reaction. If there is much of one. I see this pair falling further. Weekly signals a short. Multi wick rejections and heavy sell pressure. Note that like OANDA:EURUSD these Dollar pairs and crosses are heavily manipulated, so they are harder to trade, imo. Thoughts? Share below
Looks like some divergence coming in on the hourly chart OANDA:WTICOUSD A little volume coming through around this time, too. Lets see what happens