Bitcoin Technical Analysis

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Tyler D. Coates
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Bitcoin Technical Analysis

Post by Tyler D. Coates »

Share your bitcoin charts in this thread. To kick it off I have shared the most important chart for me at the moment, which is the 6 month long parabola.

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Shib
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Liquidation levels

Post by Shib »

Just thought I'd share this, I've been having a lot of success on lower level timeframes trading against liquidation levels, mostly on Binance. The theory is that price tends to return to levels where quick moves happen in either direction with volume, the bubbles represent liquidation levels for those leveraged at 100x, 50x, and 25x. The higher the volume, the larger the bubble.
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Binance liquidation levels
Binance liquidation levels
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Shib
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Re: Bitcoin Technical Analysis

Post by Shib »

Some good liquidity above 57k, lets see if we can push up through it.
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c277c8e4af
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Re: Bitcoin Technical Analysis

Post by c277c8e4af »

Beware of this trend line.
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Re: Bitcoin Technical Analysis

Post by c277c8e4af »

Keep track of your higher time frames
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c277c8e4af
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Re: Bitcoin Technical Analysis

Post by c277c8e4af »

Here are some resistance zones I came up with today by drawing a bunch of fib retracements and then putting boxes where multiple fibs lined up. I think front running the darker zones gives a good opportunity for trims. https://www.tradingview.com/x/r4aiiklY/
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Re: Bitcoin Technical Analysis

Post by c277c8e4af »

They weekly has a red two trading below a red one candle. Based on Tone Vays's rules of trading the sequential counts we would expect a 1-4 candle correction. At the same time my other indicators is showing an exhaustion in bullish momentum. Obviously you will need to check support and resistance, trend, order book, etc to get a complete picture. I think this is pretty significant because we had maintained bullish momentum for basically a year. I think the 1-4 candle correction is a modest cool down period.
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Re: Bitcoin Technical Analysis

Post by c277c8e4af »

EDIT June 7th, 2021: My stop loss has been hit and I am still generally bullish for the next year, but at this point I am only DCAing


Bullish divergence on the RSI(100). 9 Buy on the counts. A deep momentum wave triggering with a green oversold dot. The money flow (green wave) has been steadily decreasing, but recently this pattern has been absolute gold where the money flow decreases and a deep momentum wave forms and then we moon. I don't think we will get a massive pump, but I do believe we are going to have a nice relief rally.

They MACD has cooled down as well. I don't trade the 2 day chart that often, but there is a strong confluence that bearish momentum is being exhausted and that we may have overshot the bearish target.

The trend is still bearish. We finally got to tough the 20 week moving average, which is what I was hoping for, but we certain overshot it. We now have a death cross being built with key moving averages on the daily. I feel that we have corrected enough (50%+) and consolidated enough (multiple weeks) to be ready for a new bull trend. It would appear that this cycle is being driven purely off of fear and greed so write down your plan and stick to it.
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Re: Bitcoin Technical Analysis

Post by c277c8e4af »

I checked the fomo finder for first time in a while and I was pleasantly surprised. Funding rates on various exchanges are in agreeance too. Also the "fomo finder" is the first search result. Congrats Tyler!

https://alphanalysis.io/fomo-finder/
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