LotusTrading20

LotusTrading20

some extensions on S&p after the carnage!

LotusTrading20 Updated 

The butterfly gave us a nice trade already. friday before close price rejected @ key resistance once again. we anticipate a second sell of towards the second target. watch your entry and stops, ideally wait for 1 or 2h close below 8008, this should be confirmation enough. trade safe. * not financial advise

LotusTrading20

long to top of the wedge then short.

LotusTrading20

fibo extensions S&P

LotusTrading20

SPX seems to be reaching the fatal fibo extesnion.

LotusTrading20

Isn't it beautifull? Look how it perfectly shows how foolish are the dreams of men...

LotusTrading20

A projection similar as the one from 7728 to 8854 would bring the S&P to around 3020.

LotusTrading20

I expect this moves going into the weekend.

LotusTrading20

So you want to short BTC? Welcome to the Club. Notice that if during the last few weeks hot air movement any support was build, that is the pink box, so better think twice before shorting here. Now we could see this support build strength for a move up to either: horizontal resistance @ 8200ish, wedge retest @ 8400ish hourly fakeout candle @8900ish Fibo...

LotusTrading20

take some profit on your BTT, and buy more on the cheap. not financial advise.

LotusTrading20

The trend is still strong upwards... notice the last pink arrow the correction was more dramatic, we can still go sideways for at least 12 more hours without endangering the trend. Notice the rejections too, how the wicks are short lived, meaning strong support, and that there was no 4h (nor even 30 m nor 15 m close below the previous swing high at 7570. Trade safe!

LotusTrading20

As we can see it's too early to short bitcoin. As for buyers, well risk-managed longs, with preferably a tight stop, might be ana option right now.

LotusTrading20 Updated 

Make!!!

LotusTrading20 Updated 

currently wave B

LotusTrading20 Updated 

As we can see in the chart, BTC is working its way up through the channel. The median line has become strong resistance, we therefore anticipate a likely return to the lower trend-lines.

LotusTrading20

Price falling below the median average towards lowerr band of median channel, increasing oods of descent towards inferior channel.

LotusTrading20

We see a rising bearish chanell, or wedge (depending on the drawing choices). as well as a potencial triangle that may become the catalist for a drop. targets: 4800, 4725, 4650. good luck. Not financial advise.