mcdaverage

mcdaverage

Makes sense to me.

mcdaverage

White BG - low liquidity zone. Fibonacci projection - if BTC reclaims any of the .618 as support, price usually ends up hitting the next .618 levels. Dashed lines are good Take Profits for longs.

mcdaverage

Watch what happens when price reach key levels, and how the candle closes.

mcdaverage

When in doubt, zoom out. 4 key levels. no fibs, just data.

mcdaverage Updated 

Did the same thing in 2019. Buy top of the range - trapped, sell at breakeven, become resistance. Wait for bottom of the range at least.

mcdaverage Updated 

Classic double top - time to get that McDonald's application ready, players.

mcdaverage

Looking back - crypto market is due for an actual correction. Bearish ascending wedge is forming on monthly. A close below the bottom support line confirms a move to $18.5k. Estimated timeframe - June 2022 tis year.

mcdaverage

Seems pretty simple.

mcdaverage

My girl made dinner so I gotta go - trade safely!

mcdaverage

- So far we're saved with 3 days to go before weekly close. - Haven't had a proper correction, maybe 2022 is IT.

mcdaverage

Everything looks good, just need to break the downward dotted trendline. $56k is a very good TP-zone, IMHO.

mcdaverage

All crypto media has a bullish bias.. A lower low sometime in Q2 next year marks a failed macro breakout. Target ~$20k seems reasonable. Hedge if that happens. Also I find this model quite accurate for BTC, it's a combination of a few models. Price has reacted with high probability around these magic lines.

mcdaverage

s3.tradingview.com Leaning towards reversal going off of RSI but price may retest $42k if it reclaims the channel again. We'll see.

mcdaverage

Up.. or down? Breakout please..

mcdaverage

A reclaim of pi-cycle 111D SMA would continue the supercycle. A rejection will push us down further towards yearly open at $30k, then $20k.

mcdaverage

BTC failed to establish support after making new ATH. It did try to flip and establish $58-59k as a base but that is now resistance. BTC did a similar move back in 2020 right before going parabolic. Still Bullish as long as we don't lose $40k.

mcdaverage

Jan 2022 monthly close will confirm the pattern we get. - Bearish rising wedge. - Or symmetrical triangle. (neutral).

mcdaverage

- Perhaps the final alt season is incoming. - Watch ascending triangle "neckline" for the next 2 years. - The new neckline has a steeper downward slope, which means, the selling could be more volatile/deeper, %-wise.