mrsceleste

mrsceleste

For demonstration and educational purposes only. Based on price action. No bullish momentum forecasted in the immediate term.

mrsceleste

Idea is for demonstration and educational purposes. Suggestion to watch price action at noted key zone.

mrsceleste

To view in entirety check out the links below to previous ideas below. As we begin a new monthly candle tomorrow will exhaustion continue followed by a re-test to a previous low? Divergence still on the monthly and weekly timeframes. For study and educational purposes. This is not a signal to sell; Trade at your own risk.

mrsceleste

This idea is strictly for demonstration, education and study purposes. Please refer to previous analysis linked below. As an update, we do know that on the highest timeframes that BTC is due for a correction. Of particular note, we have bearish divergence on the weekly and daily timeframes. Price does not go up forever without a correction. A correction in a flag...

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mrsceleste

Analysis of Bitcoin Market from top down. We are not yet out of the woods for more selling. This video demonstrates why.

mrsceleste

Study this pattern with me, the parabolic curve. I'm trying to see something. For now this is a study

mrsceleste Updated 

As an update to my ideas linked below, we must study price action again along the way, and often have to make updates to outlook based on price action. Looking left and based on price action; history also tends to repeat itself. I believe more institutional orders are being filled at this very time before lift off. This is not investment advice, but my opinion...

mrsceleste

Please view this in conjunction with the idea below. In the short term, I'm watching price action at the $58K key level. As we cannot presume on the markets, we must then observe to see what price action is telling us. Will we break out above previous highs, or sell to the $40Ks before bouncing above previous highs. I have linked the ideas below for your...

mrsceleste Updated 

Bitcoin experiences rejection after hitting long target key noted in idea below. We see strong wick rejection has trapped some buyers as Bitcoin descends to correction to possible $46K and maybe below. Buyers beware. For demonstration and educational purposes. Please refer to the linked long idea below, where price has hit both targets.

mrsceleste

For demonstration and educational purposes. Price is testing and showing signs of rejection at key zone, there are signs this pair is overbought and due for correction; Divergence is occurring on the H4. Watch for confirmation; trade at your own risk.

mrsceleste Updated 

See related posts below. Updated price action lends to this idea that we may be close to lift off. We may experience consolidation within the zone as noted. Exercise patience and wait for confirmation. For demonstration and educational purposes. Trade at your own risk.

mrsceleste

For demonstration and educational purposes. The strong rejection as noted at this key zone must not be ignored. Downward pressure continues. Be careful if buying. See my previous idea linked below.

mrsceleste

For information and demonstration purposes. Keep in mind that soon we will start a new month candle, which could re-test previous highs and go higher. We see two flag formations in a channel. Trade at your own risk.

mrsceleste

This is for demonstration and educational purposes. Price is currently sitting on a key zone, with one additional key zone beneath. Although I do believe price is setting up for a buy long term; in the short term we do have to consider there is one additional key zone beneath, where price could test. Watch for a breakout in either direction, and a re-test before...

mrsceleste

For demonstration and educational purposes. Trade at your own risk.

mrsceleste

Exercise Caution!!! For demonstration purposes. That wick rejection we must not ignore.

mrsceleste

Watch for breakout of bullish flag; this could take some time.

mrsceleste Updated 

It's way too early to tell, but I can't help but look at market structure and the technicals. Bitcoin corrected at twice to the same point. Perhaps price is not ready to sell lower at this time. Always study price action. Trade at your own risk. Please refer to previous posts below.