BTC vs DXY Looking at flipping BTC 4hr chart and comparing this with DXY. We are currently forming a double bottom flipped, also known as liquidity setup, before pushing price higher to around 106k range to grab the liquidity and a trend reversal to happen. YOU can wait until the rend trendline is broke before you short or wait for the macd pattern to play out...
BTC vs DXY Chart. I am looking at 3day timeframe BTC and comparing this to DXY tops 2017 $104.00 DXY was it was $1.00 back in 2015 peak, it was in a reaccumulating pattern. I am noticing that BTC is following the same pattern, it will be forming a reaccumulation pattern, which means 100k is the tops and we will be expecting a push down back to around 40k range...
Video update on the price prediction and pattern. We are in a big reaccumulating phase for the bears based on chart comparison from November 2020. I think we will expect on last short flush out as we test the highs again before big bear market for recession.
As I have been mentioning that we are in a big reaccumulating phase for the bears. I look at charts that has similar pattern playing out and what I see is when we have the covid crash in 2020 before making new all time high. I am using that but reversed for the bears. Based on the chart, we will expect to see one last pump to liquidate the shorts before making...
Our bear flag on the 15m tf is soon to finish with one last test at the recent tops, we might get a wick past it and come back down. Next week we will see a continuation to the downside.
Just a quick update on my previous video about breakdown. We will be forming a bear flag for another leg down to around 54k range as mentioned. From 54k range - we will consolidate over the weekend and come to test the 60,600 range before attempting to breakout to 49k and below.
As mentioned in the last video we will be selling to 54k. We are now at 58k range, and on the 15m tf, we will be forming a bear flag for another leg down to around 54k range before sideways consolidation in next week.
We are still in the consolidation phase for the bears. This pattern is pattern is playing out similar to our 19 March 2019 weekly chart before we broke out to 64k. Don't be fooled by this pump and be careful. I am bearish and will expect to see the biggest leg down yet. 4hr tf we will slowly see a grind down to 54k range as the macd will cross red This sideways...
It seems we wont get a wick up to test 68k. Seems like my original cup and curve breakdown is still in tact. We will begin this week and it is already started on the 2hr tf. Careful long now as we are about to make a slow grind down to 49k and break the support and the biggest dump coming at least 75%.
BTC flipped 1hr chart - we will be forming a big reaccumulation pattern as seen in the chart. We will be expect a Spring to play out before a real bear market leg down. Careful longing the 68-70k range. If you are longing the breakout, careful with tight stop loss if this is rejection for the last time ever.
Looking at another chart I found. Currently we are in a sideways, bear market with a last test range to take out shorts around 70k before the real leg down as seen in the image to the right of the chart. This wick might happen or not, be we are priming for a real leg down for the bears
2hr tf flipped chart. We are about to test the 49k, consolidate. If you see that we are consolidating around the 49k range as seen in the chart drawing, that is your sign to start getting out as the breakdown is a biggest leg. Or add some short position.
I have found a new pattern that currently matches the BTC daily trading range. We expect a descending wedge to play in the coming weeks to around 44k range and a new ATH and breakout is waiting us?
Just a quick video update for a new short entry at 56k range.
We are now in the SOS phase of the bear reversal since the Spring. We will see a move shortly in the 1hr timeframe. You will start to see the macd slowly crossing, once we see a few red macd bars: - the BB is tight - support trendline which is RED in the Chart plays support.
BTC has perfectly played the reaccumulation phase when the chart is flipped. We are now in the SOS phase, sideway actions before another leg down 48-34k range. Careful longing any bounce unless pattern is invalid.
Keep an eye out on the support around 48k. IF we holding this range in the coming weeks as seen in the chart comparison. We could be on the verge of a breakout. So until then, sit it out until the pattern becomes clear or wait for trend breakout.
I have just noticed this pattern as of now. Looks like we are in a falling wedge pattern, 48k could be our support. If this level holds on the daily tf, and going sideways just like the pattern image provided in the chart - we will be breaking out. Careful shorting the support, never. Watch it play out first.