BTC/USD Secondary trend. Clamping. important area.

9 jun 2022

This is a continuation of the previous idea, only on a larger scale of this clamping 31 666 - 28 666

The SP500
index for understanding the direction of the stock market.

The situation is local. SP500



The main trend of BTC (long-term, full from the very beginning of trading).
BTC/USD Main trend. % of secondary trend highs Timeframe 1 month.

BTC/USD Main trend (small part). Channel. Reversal zone. Timeframe 1 week.
Here is a visual representation of this reversal zone on a larger chart.

Options for exiting this zone on the example of charts of other cryptocurrencies clearly
Go to the idea, click on the chart "PLAY"

1) Bullish like ETH/USD
Reversal zone, after the super dump 13 03 20 lows of the beginning of the trend
ETH/USD Triangle. The price is shrinking. Breakup soon.

2) Bearish like on BCH/USD
From this zone of clamping the continuation of the downtrend, the implementation of the downward flag.
BCH/USD Secondary trend. important area. Simple rules for work

12 jun 2022

Nota

Breakdown of the level 28,666. It is important to fix under it. If you work short, be sure to stop above it. Altos are the same. Where is bitcoin. There market.

Bitcoin follows the stock market, while altkins follow Bitcoin. Everything as usual.

13 jun 2022

Nota

Short work from the breakout of the level of 28,666. -17% Reached the first target, the level of $23,777. Alts, as mentioned earlier, followed the trend following bitcoin. With a high degree of probability, now we can enter the "squeeze zone" like before.

14 jun 2022

Nota

Entered the squeeze zone. Naturally, there is a squeeze in the squeeze zone, that's why it is the squeeze zone). We see a huge amount of "surrender".

The price is now 22 442 Who works in shorts, you yourself understand where you can lower the stop. Binance and some other exchanges are now forcing their clients (or account suspension) to close futures contracts at a loss).

17 jun 2022

Nota

19 jun 2022

Nota

today 18 06 22 The price squeezed exactly 17,666. Rebound. Exactly at the level that was shown in the publication of this idea earlier on 9 06 2022 (96/22)

At least someone understands the logic and not randomness? If yes, then I'm happy about it, if not, I don't care. Each person himself must realize and understand, this is the meaning. I can give, direct, partially chew, but "swallow yourself", if you feel that you "choke" like most, then it's not time yet.

19 jun 2022

Nota

19 jun 2022

Nota

The price is approaching back to the "terrible" level. Important moment coming soon.

25 jun 2022

Nota

Further development of the local trading situation. Level 17666 was the extreme point of this entry. A clear squeeze is visible. At the moment, the price is holding above the level of 19666. The volatility is minimal. Declines on alts similarly stopped behind Bitcoin. It will probably be like last month, clamping in a narrow range + uncertainty (for sorting people up / down and taking out their stops). Alts can alternately "shoot" if the "window" lasts.

1 jul 2022

Nota

Further development of the local trading situation. Timeframe 4 hours.

Local positive scenario.
If the support zone 17,666 is held and the local downtrend breaks (cherry color), then the Dragon pattern may form. There is a buyout. There is volume.

The percentage is shown on the chart in cases of breakout/non-breakthrough of local resistance levels. A 24% channel can also form, like the last time before the drain (in cases where the local maximum does not break through, that is, the "Dragon's hump".

Negative scenario.
Breakout of the support zone 17666. There is a "chasm". The first stops are 13,130 - 11,582. The percentage is not large, but the impact on the entire market can be huge. If this happens, then it will not be related to the crypto market, but will be like an echo of the consequences. Here is a simple short work, at the beginning of the stop for the broken support and from time to time lowering it after the decline.

1 jul 2022

Nota

This is how it looks on a line chart. The timeframe is the same. Logo chart.

1 jul 2022

Nota

Timeframe 1 week. The entire cycle of this Bitcoin growth (almost 2 years, 616 days).
Due to the fact that the timeframe is 1 week, some dates are not accurate. The chart shows part of the main trend and the entire secondary ( downward channel ). This local zone in it is marked with a circle.

From the maximum pumping, the price has merged at the moment by -74 (72%).

1 jul 2022

Nota