Will try and keep this short. Three important points I want to convey:
1) Price action drops 40-50%.
2) The weekly Heikin Ashi candle prints a trend change (pink highlights).
3) NVT crosses up 40
All three points have just happened. It is important. Here’s why:
The weekly Heikin Ashi candle is closing green AND with a flat bottom (no shadow - that’s important) Look left, any 40-50% sell off with a following green flat bottomed Heikin Ashi candle on the weekly is informing you the trend has reversed. Price action has rallied from $34k to $45k, there’s no question. Anything in-between is just noise.
Historical volatility (purple circles). Whenever it crosses up 40 (this only happens a couple of times a year), a massive move will follow. Look left. Last year saw rallies of up to 200% and 150% when all 3 points were confirmed.
It is especially interesting that on this occasion the NVT is printing a hidden bullish divergence with price action. July of 2020 was the last time this happened. Look left.
Good luck!
WW
1) Price action drops 40-50%.
2) The weekly Heikin Ashi candle prints a trend change (pink highlights).
3) NVT crosses up 40
All three points have just happened. It is important. Here’s why:
The weekly Heikin Ashi candle is closing green AND with a flat bottom (no shadow - that’s important) Look left, any 40-50% sell off with a following green flat bottomed Heikin Ashi candle on the weekly is informing you the trend has reversed. Price action has rallied from $34k to $45k, there’s no question. Anything in-between is just noise.
Historical volatility (purple circles). Whenever it crosses up 40 (this only happens a couple of times a year), a massive move will follow. Look left. Last year saw rallies of up to 200% and 150% when all 3 points were confirmed.
It is especially interesting that on this occasion the NVT is printing a hidden bullish divergence with price action. July of 2020 was the last time this happened. Look left.
Good luck!
WW
Trade active
Timing the market bottom is a fools game. That said, December 2018 was the last time the 'incredible buy' signal printed on the 4-day chart. The risk/reward now is excellent, no question about it.Two targets:
1) Previously market top by summer 2022.
2) $150k to $175k by end of December.
Note
$37.7 is 0.618 golden ratio if you're looking for a entry point.Trade active
Note
Lugano in Switzerland to make Bitcoin legal tender. Had to be Lugano, as if there's not enough wealth in that region!finance.yahoo.com/news/swiss-city-lugano-bitcoin-tether-174342351.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAF2Ex7F6IDtEJNRuSCWlQyhHsZF_nrsoc74cYI-XC9nGb-jKvvwW0zWJkCFfw1F6ZiWcsMk--_Jhz2F_4kqXqJrUPf3g2ttn-o9JnTMCZyhllJynvGGVJQyeGwXRa4zuejMloGS0-Xno28yaX2f59U8-TTw-x2iNjZ33IEA1UIwQ
Note
If you're looking for a good entry point, it is just under $39k but not lower than $38.5k. Very unlikely price action will be printing below there on the weekly.Trade active
The 4hr prints IB at the entry point mentioned above.Note
The good entry point of under $39k held printing yet another higher low. That's three higher lows now. If you're still waiting for price action to fall to the $30k area, you're going to get caught out.Note
Entry point below $39k is likely now past.Trade active
Buckle up - Incredible buy now printing on the 5-day... Look left.. this signal has not printed since December 2018.Note
So it begins... "Senior Russian MP Suggests Trading Gas and Oil for Bitcoin"
"A senior Russian politician has suggested turning to bitcoin (BTC) as an alternative to the USD in international energy exports and trade deals.
The comments were made by Pavel Zavalny, a member of the ruling United Russia Party and the Chairman of the State Duma (Russia’s parliament) Committee on Energy."
cryptonews.com/news/senior-russian-mp-suggests-trading-gas-oil-for-bitcoin.htm
Trade active
The move in the coming weeks and months will be one for the history books with price action topping out around $160-170k.Don't say you weren't warned.
Note
$42.5k is the bottom of this little pullback.Note
RSI is consolidating within a falling wedge pattern. Projected to breakout no later than May 10th. Blue skies after that.Trade active
Note
A buy from $32.3 to $32.5k is awesome if you can get it.Note
Will make a trade 'active' alert once the signal confirms if this post gets up to a 100 likes!The signal is at this moment 'conditional'. Look at the circled highlights on this 3-day chart. Once the signal confirms will be the wave 5 this whole idea was about.
This swing of +- $10k is irrelevant for what is about to come.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.