BTC Realtime Analyse #6
Zaktualizowano
Hello my friends,
Here we are with another BTC Realtime,it's one month and half that with started this idea together and we will continue it to #666 and even more.lol.Again thanks all of you to make me proud of what i do.So let's look at our AMAZING BTC chart.I want to name it "iH&S WARZ" . haahaa
I'm so excited to show you what i wait for it for month,but first let's check history together,not so long,few month ago.
In last FEB and MARCH many people thought bear market is near to end,and they had an iH&S that believed it can help to market back to bull market(chart above).Magic Poop was first person that started this idea and because of it i named that failed iH&S ,Poop iH&S.As you remember or see here that pattern failed,nt because of no proper and fit volume profile or anything else,just because it was too early to finish btc correction.That was just start of bear market.After that market continued to move in cycle and print lower highs,that i still believe we formed a bullish wedge with that price actions.Till we reach this point.After a long downward from 10k we reached an almost new low and after that we started a new wave that can't name it new upward yet and can be just a retrace.But what is important is we brok that downward channel and 4 important resistance and we prove some supports,too.Let's look at this achievements from last BTC Realtime again.
As you can see we have a new and fresh channel here and it made on a strong RSI level that prove itself till now.We have ichimoku that broke and we are above it in a good mood.But what can change our retrace phase to a different phase?What can show us that we are in new bull market?Reversal signs.
As you see in main chart of this idea we have 3 iH&S in 3 sizes that help each other to forme perfect.Look at thease baby boys.
This is first one that i mentioned it in last BTC Realtime analyse and we are testing its neckline now,remember it can drop more to make a balance right shoulder and test last suppoer and broken downward channel again.
After that we have a bigger brother that trying to shape its head. Shaping this head will end with last iH&S confirmation and our big bullish wedge(dotted line from 20k) result.After that we will test that wedge as a support and shape right shoulder of this iH&S.
And finnaly we have a Beast here.biggest brother that can end bear market and prove all scenario .We have similar requirements for this iH&S,like second one.Now we have little proofs for this one and it's really soon to judge on it but all these show us that we are in different situation from when we had PooP IH&S.Market tried hard to print a new bottom but they couldn't achieve that,now bears are so tired but bulls are little lazy too.Look at another reversal sign now.
Adam & Eve double bottom,i mentioned it in last week analyse and really can't ignore it.
So let's see what we have now:
Reversal Signs
1. 2 Long-Term Bullish Wedge
2. 3 iH&S in 3 size
3. ADAM & EVE double bottom
4. Reach to 78.60% Fibonacci Retracement
These are great signs and we need just new money and trust in market to start a new parabolic move in next DEC,Don't forget that all these acn burn and turn to trash without enough interest in market.We need New Money,not manipulators money,Investors money.
Thanks again to read my new BTC Realtime,Thanks all of you to made this topic alive till now.Please give it a like if you like it,Believe me it's really make me happy.Leave a comment bellow to show me what you think.
You can join my Telegram channel @ T.me/peymana71. I will start to work there as soon as it reach a proper number of follower.
Good Luck
Best Regards
Peyman A
Here we are with another BTC Realtime,it's one month and half that with started this idea together and we will continue it to #666 and even more.lol.Again thanks all of you to make me proud of what i do.So let's look at our AMAZING BTC chart.I want to name it "iH&S WARZ" . haahaa
I'm so excited to show you what i wait for it for month,but first let's check history together,not so long,few month ago.
In last FEB and MARCH many people thought bear market is near to end,and they had an iH&S that believed it can help to market back to bull market(chart above).Magic Poop was first person that started this idea and because of it i named that failed iH&S ,Poop iH&S.As you remember or see here that pattern failed,nt because of no proper and fit volume profile or anything else,just because it was too early to finish btc correction.That was just start of bear market.After that market continued to move in cycle and print lower highs,that i still believe we formed a bullish wedge with that price actions.Till we reach this point.After a long downward from 10k we reached an almost new low and after that we started a new wave that can't name it new upward yet and can be just a retrace.But what is important is we brok that downward channel and 4 important resistance and we prove some supports,too.Let's look at this achievements from last BTC Realtime again.
As you can see we have a new and fresh channel here and it made on a strong RSI level that prove itself till now.We have ichimoku that broke and we are above it in a good mood.But what can change our retrace phase to a different phase?What can show us that we are in new bull market?Reversal signs.
As you see in main chart of this idea we have 3 iH&S in 3 sizes that help each other to forme perfect.Look at thease baby boys.
This is first one that i mentioned it in last BTC Realtime analyse and we are testing its neckline now,remember it can drop more to make a balance right shoulder and test last suppoer and broken downward channel again.
After that we have a bigger brother that trying to shape its head. Shaping this head will end with last iH&S confirmation and our big bullish wedge(dotted line from 20k) result.After that we will test that wedge as a support and shape right shoulder of this iH&S.
And finnaly we have a Beast here.biggest brother that can end bear market and prove all scenario .We have similar requirements for this iH&S,like second one.Now we have little proofs for this one and it's really soon to judge on it but all these show us that we are in different situation from when we had PooP IH&S.Market tried hard to print a new bottom but they couldn't achieve that,now bears are so tired but bulls are little lazy too.Look at another reversal sign now.
Adam & Eve double bottom,i mentioned it in last week analyse and really can't ignore it.
So let's see what we have now:
Reversal Signs
1. 2 Long-Term Bullish Wedge
2. 3 iH&S in 3 size
3. ADAM & EVE double bottom
4. Reach to 78.60% Fibonacci Retracement
These are great signs and we need just new money and trust in market to start a new parabolic move in next DEC,Don't forget that all these acn burn and turn to trash without enough interest in market.We need New Money,not manipulators money,Investors money.
Thanks again to read my new BTC Realtime,Thanks all of you to made this topic alive till now.Please give it a like if you like it,Believe me it's really make me happy.Leave a comment bellow to show me what you think.
You can join my Telegram channel @ T.me/peymana71. I will start to work there as soon as it reach a proper number of follower.
Good Luck
Best Regards
Peyman A
Uwaga
Hi Guys,Let's check what we haveMarket bored me to death again,honestly its making me worry now.As you see in chart we tried 3 times to break this resistance area and test IH&S neckline but everytime we failed.now i want to look at it in different way,we need to break blue dotted line immediately after we reach this channel bottom line like black arrows.
if not we prison in limits of a bearish wedge that maybe market can't resists on its consequences and simply we start to go down again.(like this chart)
It's reality,all market monitor it for a sign that show all our move up was a simple retrace and believe me they will count on every weakness and judge it as a new start for more new bottoms.I see here in all top writers that starting to talk about more drop and it's not good.
So we need a tighter stop loss now,i will move up my stop to around 6290 and if we drop of this channel i will think to sell all my position even in higher targets.Stay Tune for more signals.
Uwaga
Let's see it more simple,we need more proof that show difference between this two situation.We need to be logical,any hyped analyst must go home and just stay in his dream.
Uwaga
Still in path,just now had another attack to resistance above and saw an aggressive reaction from it.
Uwaga
So we dropped and reached over channel,need to hold this area as support now,as you saw we walked in favor of our bearish wedge till now,need to see what happen now.
Uwaga
So we dropped out of that channel in favor of our bearish wedge,now you can see that i did not worry for nothing last day,it was obvious that we drop of that stage,now we need to,NEED TO, hold this support if we want and iH&S scenario alive,if btc can't hold this level, market will back to our last downward channel (from 10k) and test it as a support again,that i don't expect everything go well on that situation.
Uwaga
It is BTC's last chance to come back to life,don't want to say it will happen,just try to reduce FUD in market as much as i can,we have a huge chance to drop more but have opposite possibility too.
Uwaga
Still holding this stage but not in good shape in my opinion,every try to jump from this area faced to pull backs and i see just a bear flag now,but if we holding and move in favor of black dotted line,have more possibility to jump up from here.but i have hope to lower support around 6250,honestly.
Uwaga
As i expected it dropped to 6250 and bounced from there,but not enough.we are printing higher lows and lower highs now and need to reach over blue dashed line soon,after that maybe we can bounce again over this area.
Uwaga
So we achieved to reach above that blue dashed line,we need to move in favor of these arrows and form a Ascending Triangle instead of a bearish wedge,flag or pennant and get ready to jump above 6500.
Uwaga
We had a fake break out of this triangle and came back to it by support pressure,no we are in plan again and maybe close to bounce up from this stage,soon.
Uwaga
Unfortunately BTC couldn't continue the way i imagined before and after evolved that triangle to a bearish pennant,it walked in continuation path and dropped to last support above downward channel(from 10k).
In this phase we have a many bad thing in indicators,like broken trend line in RSI and honestly there isn't much hope there for iH&S ,too.In this stage we need to bounce back to last support,(Now turn to resistance again) immediately.
Uwaga
But Hope did not completely gone,as we came down with a bearish wedge,we are forming a bullish wedge with whole movements after drop.look at it.,it can save all a***.
As you all now my stop activated around 6300 and now i'm out of market,i'm looking for new entry level with logical reasons.first need to see passion in market for new bounce, again.
Uwaga
Now look at fib retracements levels,are we gonna retrace to 78.60%?it's interesting that this level is exactly where we have a line that drawn from our last bottom.(black line with flag on it).
These are hopes that can't ignore them.
Uwaga
BTC trying very hard here to make another impact with this wedge but i fell it became Numb again, No strength and power in it,at all.
Uwaga
It's like a dead cat,come on buddy,back to life again.I saw many analysts here said goodbye to iH&S but it possible,still.Even with a low chance,but possible.Uwaga
So our bullish wedge worked correctly but had result less than my expectations,we stop below first resistance area and look like we will stay here for a while,this attempt is little sign of life in BTC but need to prove itself with breaking resistance above and exit retrace area of last drops.
As you see i draw a symmetrical triangle with dotted line in chart and again can't predict its result clear,hope don't have result in continuation way.
Uwaga
So we formed a bullish triangle and bounce from it to just below of our symmetrical triangle,now i expect some movements like i draw here with black arrows.
Uwaga
Wow,what a strong resistance there,as you see we had fake break outs in both way and this show us that we need to behave with this area as i draw in last chart with slow and strong movements instead of huge buy/sell orders and jumps.Now it have more possibility to touch bottom line of this triangle(black dotted line)sooner.
Uwaga
Reached here sooner than expectation like every time,Need to hold now.
Uwaga
So we hold this area barely and temporary,had a bounce immediately after touched wedge of last day.Still not have much hope to this area and if we break it i look for support around here:
Uwaga
BTC hold barely and as you see even can't reach where it was few hour ago,what can i say?hope it can come back.
Uwaga
This is how we find weakness in chart.Here as you see we had a 1 sec touch to resistance and failed to even hold that area but in Support area we fighting for 4 hour till now to just hold it.
Uwaga
Try and try and more,we have a great war still here and till now btc couldn't break up or even down from this area.Like what i mentioned before BTC decided to move slowly to enter resistance area.This Support show me that we will have another jump but to where is important.Maybe another touch with resistance above and drop in a sec after that.Of course we don't want this and i'm pretty sure if we drop like what i said,it can move price to lower areas below this triangle formation.
Uwaga
Good,need to go up,more,hope this time don't come back soon.I'm working on BTC Realtime #7 and i will publish it in next hours.see you there.
Uwaga
"Update"Thanks all of you, for your kindness and togetherness.Please join me BTC RealTime #7 ,from here :
GoodBye BTC Realtime #6
Uwaga
*UPDATE*
Uwaga
Mind Blowing idea about iH&S #2,here:
Uwaga
Update
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