as the title suggest, we touched the weekly 20 and daily 100 (in two candles) and were rejected from both. bitcoin hasnt risen above the daily 100 since april, and the weekly 20 has been important as both support and resistance the past few years. green bars in macd touched the top of their trendline, stoch still hasnt broken down, it all looks fundamental to me...
i dont know, the macd pattern makes me feel like the c&h could be possible... just posting this as food for thought.
possible short on based on the stoch rsi wedge, has been reliable for a ~15% price decrease the past handful of times.
havent looked at this in a minute unfortunately, found the monthly 20sma and 2020 high/low .786 as support, the weekly macd is at the bottom of its megaphone channel, weekly stoch about to break out of a pennant, and we are about to have the strongest weekly/monthly close since the covid wipe. could this mean western capital interest are getting prepared for deeper war?
i have tons of post now all trying to time the crash, some have been more accurate than others, but i want to keep reiterating that despite the sideways movement, we are still on the verge of wave 5 and to tread carefully when trading. nasdaq is in the same wedge currently, we are on the verge of the 2nd great depression.
possible trade, confirm the wedge as support and could go for a good rally, especially considering OPEC cutting production... anyone else excited for $6/gal gas again? :/ (im a delivery driver lmfao)
i believe bitcoin will make a small rally for a wave 4, followed by one last flash crash for a wave 5 bringing a possible low between 5-12k. not financial advice and dyor, just throwing this out there to see peoples opinions.
wave 5's flash crash is approaching, notice the pattern on the stoch as well, the last 2 times the stoch has been maxed out have been right before wave 1 and 3's crash. nfa, but i recommend holding stablecoins, usd, or shorting.
liking these manufactured pump and dumps where whales are exiting? get ready, the day is coming.
might as well be schizo posting, i watch more long term but this could be a good possible short entry.
just posting to save for myself later, not a big currencies trader.
as volume is already falling off, i dont know how optimistic wave 4 can go much higher, look for any chart breakdowns to enter a short as we are approaching the flash crash that'll constitute wave 5
i have been reiterating for months, we are on the verge of a major economic crisis and everything should be shorted or, at the very least, you should be hodling. nasdaq will go to 7k at the very least, it may go a lot lower here friends.
charts say it all, we have been rejected by the top of the trend line for the third time. ifykyk.
we had a fake breakout, followed by a rejection of the top of the trendline. i think all markets will crash even more than showed here.
the entire market is green today, although nothing major in outlook has changed. price could retest the top of the overall channel drawn from the ATH and wave 2, which wave 4 has not done yet, that would only be at around 23000, but i expect the price to get rejected and being the move down again. macd is at the top of its wedge, and stoch is maxed out,...
perfect time to enter a short, price and indicators all look like wave 4 has mustered out all the energy is has and wave 5 is imminent.
i have been reiterating all month that we were in bitcoins wave 4 and to look for any red candles to enter a short, as we see now the bearish wedge has finally broken below and is beginning its decent for wave 5. my guess is the price will land around 8k by mid/end of September. congrats to those who shorted.