Good setup for a strong push-up, hopefully bulls won't trash this chance as it would be appalling ...
SL under support and 8500$ area, as that's a pretty risky trade.
SL under support and 8500$ area, as that's a pretty risky trade.
Comment:
The RSI channel on weekly TF.
Comment:
Come on bulls ...
FIB 0.382, then FIB 0.5 for a Higher Low would be perfect.
Hopefully we shall see a poweerful movement within 2-3 weeks.
FIB 0.382, then FIB 0.5 for a Higher Low would be perfect.
Hopefully we shall see a poweerful movement within 2-3 weeks.
Comment:
Revised support after clear breakout.
Current scenario:
The key support is FIB 0.5, 8500-8600$ area.
Price already there, so soon we'll know our destination.
Hopefully the pennant will hold.
Current scenario:
The key support is FIB 0.5, 8500-8600$ area.
Price already there, so soon we'll know our destination.
Hopefully the pennant will hold.
Comment:
Here we go Bulls, do or die.
Comment:
Ok, please wake the bulls ...
Comment:
Same as above, but on Daily:
Seriously, bulls should not fail this o they'll deserve some serious punishment ...
Seriously, bulls should not fail this o they'll deserve some serious punishment ...
Comment:
*IF* Bulls manage to punch point of maximum resistance will be above 9000$, at MAs crossing:
Comment:
Indeed bulls deserve some punishment ...
Anyway, this should not fail like that:
Price going down on low volume, meaning it may be a bear trap.
Let's see weekly close.
Anyway, this should not fail like that:
Price going down on low volume, meaning it may be a bear trap.
Let's see weekly close.
Comment:
After the falling wedge failed on daily i'm looking at the whole picture on weekly:
Comment:
Comment:
Comment:
Pretty ugly: wedge broken, support gone:
Yet volume is still pretty low and that's uncommon for such noticeable moves.
Moreover therere are "suspect" news around and China on top on them ( again ).
Awaiting weekly close.
Yet volume is still pretty low and that's uncommon for such noticeable moves.
Moreover therere are "suspect" news around and China on top on them ( again ).
Awaiting weekly close.
Comment:
Interesting to notice we had a TD count=9 on daily yesterday.
Moreover we may have a TD Count=9 on bi-weekly.
It would be the second time since Bitcoin birth, the first since 2014:
Moreover we may have a TD Count=9 on bi-weekly.
It would be the second time since Bitcoin birth, the first since 2014:
Comment:
Putting all into perspective, based on history for now plan stays exactly the same as before:
The yellow square, which may last till halving eventually, should be considered a consolidation phase before next leg up. Unless the support belt in the 70-80 is broken, as that would put the whole scenario at risk.
The yellow square, which may last till halving eventually, should be considered a consolidation phase before next leg up. Unless the support belt in the 70-80 is broken, as that would put the whole scenario at risk.
Comment:
( mind the fact Blue square was the 2017 bubble terrirory )
Trade closed: stop reached:
Forgot to mark this trade closed, SL reached.
Our risky trade and was not lucky.
Anyway, i hope you followed the advice to put a SL at/under 8500$.
If so no biggie.
Our risky trade and was not lucky.
Anyway, i hope you followed the advice to put a SL at/under 8500$.
If so no biggie.