Another Wyckoff Accumulation forming + Bullish Gartley.Looks like another Wyckoff Accumulation pattern is forming inside of a Wyckoff accumulation. Yesterdays crash to 31500 was the spring of the pattern which also was a completion of a bullish gartley. We are currently in Phase C of the Wyckoff accumulation pattern on this smaller accumulation. Remember, the Wyckoff accumulation pattern is a manipulation of the lows which is clearly visible on the chart. There are also bullish divergences on the RSI and the MACD! Really good entry for a long position after the test of the spring. Targets to look out for would be the 41-42k area. Don't forget to follow for more trade setups. Good Luck traders!
Longbtc
Buy the Bitcoin Dip on the daily chartIf you are a big believer in Bitcoin, this is your chance. We are seeing a lot of support levels and loads of buy signals. 31,000 then the big psychological level of 30,000. Even 29,000 which we haven’t really seen Bitcoin at since the start of the year.
If you wanted to invest in BTC but thought it’s too high at 60,000 and that you missed your chance, this is it.
Of course, you might not believe in Bitcoin or cryptocurrency in general and you are trading and trying to take profits. I would be careful then and make sure the support holds. You can’t always buy the absolute bottom and sell the absolute top, wait for the market to support your ideas before you get into the trade.
As mentioned many times in our Telegram channel, we are big believers in BTC. Personally, we stack sats and hodl. We also buy the dip heavily. When we are trading we are more cautious though and wait for the market and the charts to support our ideas before we open a trade and get out of it quickly if we are wrong (unlike personally where we will hodl Bitcoin at any price and are going to the moon).
So to summarise, many support levels to buy bitcoin, be careful though and make sure they hold first and have stop losses in place. If you were waiting to buy bitcoin and hodl forever no matter what, this is also your chance to start doing that and stacking says every day.
Buy the dip.
Btc daily trend line retestAs you can see we've came back down to test the long term daily trend. One thing to note is that we have closed several daily candles below this trend line and came right back above it. Right now as of 7:30 est we seem to be doing a sort of retest of this trend line. If we can bounce here, the bull run continues straight to 6 figs imo.
Great Triangle on BTC/USDT For LONGas you see we have convergence Triangle on 1H chart in btc/usdt, we are at end of Leg "E" plus we are at strong price Level(blue) and we are at Fib.retracement 23.60% and also we are at nice up.trend ,so let's see what will happen...
(Target measured equal to the base of Triangle)
Time to see who has been holding the Joker cardTraders we have hit our first pit stop of 55k on Bitcoin. What a difference a week makes. The new buyers from 47k up are holders of Bitcoin and they will not simply sell it at this level. With earnings being announced this week and next it's time to see who has been secretly buying Bitcoin on their balance sheets. Lots of rumors circulating of who will show Bitcoin but I would suspect we see something from either Facebook, Apple, Walmart or Google. Why does this matter and what will it do to price? It will only add to the validity of Bitcoin's use case and cement in supply that isn't purchased by weak hands to merely trade off when we cross 60k. MicroStrategy also reports tomorrow and pay close attention to how Bitcoin has changed their business by the numbers. Tesla's report yesterday showed a staggering 101 million dollar gain from their Bitcoin holding. I posted a couple days ago that most will be shocked how fast the move from 55-60k will go. I have laid out my next 3 targets on Bitcoin. Get ready for a very exciting next couple weeks. Things are about to go off. Remember fracture 58 resistance and show it can support that level and we are off to very good things. Hope you are all having a great day. Remember.... The most amazing people that I have known in my life are those who have known defeat, Huge losses, been told no often, were against all odds, known suffering, known deep struggle, know losing and have found their way out of the depths. These people have appreciation, a sensitivity, and an understanding of trading and life that fills them with compassion, knowledge, gentleness, and loving concern for others. Really good people do not just happen. Enjoy the process of becoming.
Bronson-TheSHARK
My Doomed Long BTC in the wickKeeping stop above entry, would really like this to be the bottom of the late unpleasantness, but selling continues to be relentless. No doubt sellers are trying to drive price down to 50K or lower. 50k is psychological support for "normies" so I think it is worth trying a long from here with a tight stop. Don't lose money on things like "the big magic number has to be defended at all costs." That sort of thinking is what gets people (bulls most often) rekt.
BTC RecoveryTop-down analysis says macro trend remains strongly bullish.
I added the fundamental bad news that happened last week to the chart, here we can see they drove the price down but buying sentiment remained strong and the price is consolidating strongly above the 53k level from which I predict a bullish breakout to reach the previous ATH at 63.8k
Regular 20% Bull Market drawdown...Traders I know this last move was a surprise to all of us but we need to remember that historically this is normal and very mild. In the last bull market BTC had over 7 20 % or larger drawdowns. Its imperative that markets have shakeouts to reset funding in order to climb to new highs. I posted about 12 hours before the big move down that I felt strongly that money would be moving away from alts and into BTC. Looking at my screens tonight the only thing green is BTC.D. In addition we haven't had 5 down days (red daily bars) since November. I'm calling a surprise move to the upside starting tonight thru tomorrow that catches many off guard. Look for shorts to be liquidated and BTC to be back above 58k climbing back into channel. So many on trading view are calling this middle zone and a horrible entry. Again markets move in the way that frustrates the most people. Now too many are wanting to buy back in near 50k and some even saying 45k. The SHARK is calling for a surprise upside move tonight and tomorrow. Find someone else on this site bold enough to make straight forward predictions publicly when the odds are totally against him. You heard it here first. Follow the SHARK and make money.
BRONSON-TheSHARK
BTC GEARS UP FOR NEW ATH?I have been watching what i believe to be a falling channel pattern on #BTC since the last all time high. It seems I was getting ahead of myself with the last analysis where I previously thought BTC was on it's way to the 30k range. it appears we have broken out of the falling channel pattern and are currently retesting it as support on the shorter time frames. Still waiting on further confirmations, but I am once again Long on BTC. Playing it level by level, I will expect a minimum of 84000 USD per BTC, if we can flip the top resistance to support at about 70-71k
INVERTED HEAD AND SHOULDERS POTENTIAL BREAKOUT!?After todays sell off with around 10% of whales selling BITCOIN, weve found support at a strong high time froamde support line. From my analysis of the 15m timeframe once we have again retested the long trending support, potential for a test of the neckline. What's your thoughts?
BTC $70,000 In SightBTC making its way up the ascending channel with a nice break out today after ranging since 8 FEB .
Now we have broke that resistance that has held us back for the past 3 attempts we can now see with a Fib Expansion pull
the levels ahead that align perfectly with the top/middle of the channel , with 70k coming in as our 1-1.
A break of the ATH will push us on our way but if your not positioned right now then you could expect to see a pull back to the
VWAP region and a backtest of that prev resistance level .... All shown in chart if you wanted to take that opportunity
Market structure is bullish printing HL s as we make our way up the channel .
Fib Speed fan also visible on chart displaying what a respected journey its been for BTC ...Strap in
Have a plan and know where your wrong , Use a Sl and if you dont have a position as long as your holding Bitcoin then your still in a position .. Follow and Like ...Thanks with Gratitude
Please Note although I have some prices marked out in the flags , this does not mean i expect price to just go up without any consolidation or a battle at 58k ....