Targets: As determined by patterns
Key:
Pink: RSI Reversal Divergence
Turquoise: Hidden Bullish Divergence
Yellow: Volume Reversal Divergence
Green: Reversal Expanding Wedge
Blue: Double Top
Red: Head and shoulders
Purple: Head and shoulders
Orange: Flag, expanding wedge? Pattern may not be finished.
Bull
Orange Falling Expanding Wedge: 56779-59974 and 61271- 65940
And, no pattern to verify, 49636 - 51539
Bear
Blue Double Top (exceeded): 49636 - 51539
Red Head and Shoulders (current): 40566-43600
Green Expanding Wedge (possible): 29469 - 34888
Purple Head and Shoulders (ARGHH!) 16630-21303
Let’s recap. BTC just 3x’d. Last cycle was 5x. So, it’s possible it’s over, yeah, wait a few years.
Also, if you look at BTC on any time frame above the weekly, it screams “BEAR”! Although, as we all know, it’s been like that from the beginning. But my point is to be prepared. Reversal divergence on the daily here, and I expect a rally upwards from 35-43 because of the daily and 4hr divergence. However, zoom out, and we are in danger zone. I am scalping here. I’m selling between 44 and 55.
If 35 breaks, we are going down. There is room for another pump, 55+, because there’s a lot of bulls out there, but it will be a struggle. I would not be surprised by a 13k BTC this year. I WOULD be surprised by a 100k.
I play the daily… and far as I’m concerned, the daily says 48-52 and 35-40. And the daily says start buying. Stagger your orders. Don’t catch a falling knife unless you’re ready to scalp. If your buying now and you are not scalping, your chasing the low. If that’s what your doing, you better have a stop loss. Wait for a low, distinguish the divergence, start buying, that’s how you do it.
Now…
Bullish arguments:
Reasonable Reversal divergence on the 4hr, daily. Target 50ish, this will begin a HNS reversal pattern, for all those 100k BTC enthusiasts out there. Orange Falling wedge has 5 waves, ready to turn, so keep an eye on this zone, your looking for a break above 45. Your looking for 39 to hold
Fear and greed index just peaked into 10, “extreme fear,” but as always, this is an index, and your not aiming for the low, your aiming for the divergence.
DIVERGENCE IS YOUR CHEAT CODE TO TRADING
Bearish arguments:
Way too f**kn many to list here.
I’m short term bullish, long term bearish
Look at the weekly, 2 weekly, monthly, 3 monthly
Tell me, what do you think? Remember, a tiny spike, can be worth 10k on the monthly, especially with divergence. If we go up, 58 is heaven for me right now.
Happy trading. Trust you. Trust your gut. And learn the cheat codes.
I love you all my crypto family! Trade well, and be immune to everything!
Pink: RSI Reversal Divergence
Turquoise: Hidden Bullish Divergence
Yellow: Volume Reversal Divergence
Green: Reversal Expanding Wedge
Blue: Double Top
Red: Head and shoulders
Purple: Head and shoulders
Orange: Flag, expanding wedge? Pattern may not be finished.
Bull
Orange Falling Expanding Wedge: 56779-59974 and 61271- 65940
And, no pattern to verify, 49636 - 51539
Bear
Blue Double Top (exceeded): 49636 - 51539
Red Head and Shoulders (current): 40566-43600
Green Expanding Wedge (possible): 29469 - 34888
Purple Head and Shoulders (ARGHH!) 16630-21303
Let’s recap. BTC just 3x’d. Last cycle was 5x. So, it’s possible it’s over, yeah, wait a few years.
Also, if you look at BTC on any time frame above the weekly, it screams “BEAR”! Although, as we all know, it’s been like that from the beginning. But my point is to be prepared. Reversal divergence on the daily here, and I expect a rally upwards from 35-43 because of the daily and 4hr divergence. However, zoom out, and we are in danger zone. I am scalping here. I’m selling between 44 and 55.
If 35 breaks, we are going down. There is room for another pump, 55+, because there’s a lot of bulls out there, but it will be a struggle. I would not be surprised by a 13k BTC this year. I WOULD be surprised by a 100k.
I play the daily… and far as I’m concerned, the daily says 48-52 and 35-40. And the daily says start buying. Stagger your orders. Don’t catch a falling knife unless you’re ready to scalp. If your buying now and you are not scalping, your chasing the low. If that’s what your doing, you better have a stop loss. Wait for a low, distinguish the divergence, start buying, that’s how you do it.
Now…
Bullish arguments:
Reasonable Reversal divergence on the 4hr, daily. Target 50ish, this will begin a HNS reversal pattern, for all those 100k BTC enthusiasts out there. Orange Falling wedge has 5 waves, ready to turn, so keep an eye on this zone, your looking for a break above 45. Your looking for 39 to hold
Fear and greed index just peaked into 10, “extreme fear,” but as always, this is an index, and your not aiming for the low, your aiming for the divergence.
DIVERGENCE IS YOUR CHEAT CODE TO TRADING
Bearish arguments:
Way too f**kn many to list here.
I’m short term bullish, long term bearish
Look at the weekly, 2 weekly, monthly, 3 monthly
Tell me, what do you think? Remember, a tiny spike, can be worth 10k on the monthly, especially with divergence. If we go up, 58 is heaven for me right now.
Happy trading. Trust you. Trust your gut. And learn the cheat codes.
I love you all my crypto family! Trade well, and be immune to everything!
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