I'm still working out how trading view recording works, and it seems the upload failed, so i'm not sure exactly what will be connected to this post, but let's see.... $MSTR opened strong today on the back of a slightly higher $BTC since yesterday's US market close. My hypothesis remains that volatility will be the name of the game in the coming days, as we are...
Daily range 265 - 283 End of month range 210 - 220 We've put another pre-market gapper into the books in today's opening session on US markets for Monday, opening -5% below friday's dismal close. WIthin the first 1h candle we've recovered most of the gap, and current 1h candle volume is higher than average, so demand is strong for the moment at these levels....
Resistance and support can be visually predicted using simple tools. How we will get there, isn't so clear. But someone (or a collection of someones) have set their intention in the charts, and are trading an upward trending accumulation fan line toward 30k by late October on the upside, accumulating and adding support from 14-16k through September. Uff... how...
Currently, $BTC holders are feeling the pain as we trek our way through the bearish market, post the death cross we experienced in January '22 when things started really hittin' the fan. When the 50d SMA overtakes the 200day SMA, many will convinced we've officially switch directions - when this occurs, we call it the Golden Cross. 👑 Based on a very rough...
$mstr pre-market gapper signals we are primed for some massive volatility next week. $MSTR acts as the defacto #bitcoin index fund for US investors. 3/4 of pre-market gappers have been shown to trade in the previous days range within 24 hours. The scary part is nearly all gap are closed long-term, when we scale out to long enough timeframes, and we still have a...
As mentioned yesterday, if we fell through 23750, BTC looked prime for further downside pressure. Bitcoin touched the long term resistance which traces all the back to November 2020, the start of the bull run, and was swiftly rejected. Market makers aren't ready to stop accumulating yet. The pressure is building though; the short term FIB .5 and Golden Pocket...
We are pressing against resistance from the long-term Gann Fann (4/1) line, which has accurately marked areas of higher volatility and support/resistance flips since November 2020 when the recent bull run was confirmed. We are also pressing up against the golden pocket (fib .618-.65), just now having surpassed the .5 FIB last week, and already confirmed it as...
25k-25.5k will be the top level resistance we need to beat if we expect to continue on rising today. If we can turn 25.5k into support for Monday, expect a great week ahead, even if slightly volatile!
BTC continues to defy Gravity with minimum gains into the US market open. who's buying?👍 who's selling 👎
Testing the video feature of Tradingview. No edits. 👍
If you need to tell a computer how to trade for you, quickly, and predictably, what might you show them as a strategy? Ratios over time. Gann Fans? I'm looking at fan trade models. These little guys are a great source of information. They seem to track and predict support and resistance in charts pretty well. Fanns are showing buy/sell lines along a ratio...
Next line of resistance is 24.3k. Volumes continue to be strong.
Are you ready to sell, if we bounce off 24k instead of making our way through the retest?
Nothing is in the charts, until it is, but the Head and Shoulders pattern could definitely be making shape. Downside Target : under 21k.
50 50 at the moment as far as i can see. Really depends on volume. Last day before the weekend. Are you 🧸🐂. Watch the possible diamond shape pattern. Who you watching on the bullish case?
Are you ready for the big moves coming when asia goes offline for the day and US wakes up to neutral direction, who's moving where? Watch the volume!
Watch for volatility! A quick look at the golden pocket formed from the last big fall lies just around the corner. This is a rich place to watch!
Looking from a few simple boteyes DXY is trending downward. Who's unloading their cash? Watch for the reverse correlations out there. It takes cash and token to trade on margin. If DXY trends down, the market is putting dollars back on the market for sale. Eh? They're exiting positions. Watch for the large liquidity events like earlier this week. Next up is 104.5...