Again we are moving towards a critical point. BTC hasn't closed a daily below my dotted line yet but if it does things could go ungly. I don't expect that BTC will go down now. I expect it to bounce as it did in past when it touched that line. I targeted it in the orange circle. I think we will move towards the 61.8% region and bounce from there.
Zoom Out... My view on the big picture after calling the bottom. See my previous long-term chart: Called it at $3,400, just a couple of hundred shy of the bottom! My expectation is we either rally from here, we have more sideways action for a few more weeks, or we potentially touch closer to a 40% retracement at around $8,50~... I do not see us breaking $8,400
There are numerous alternative count in this range , wanted to put some of them together since it will be easier for me to follow and check :) Good luck . This first one is one of the likely one for me. Since move from 3k to 14k is clear 5 waves up and i find the B wave counts incomplete or forced. So after yesterdays price action I think this could be an...
Hello everyone! This week showed us how the bitcoin price could fall without negative news. If you want resume shorting bitcoin, you can do it from 9920-10000 where stop-loss will be at 10253, and tp at 9163. Good luck!
Things are much simpler when you zoom out a little...
if you have your market view, please share it in comments Also you can ask me questions... Have a great day everyone!
After getting rejected at the upper trendline of the uptrending channel, Bitcoin is currently testing the lower trendline right at 10k. This isn't just the lower trendline, it's also the psychological level we all love and hate. I see 2 possibilities here. Either it bounces towards our last resistance near 10.800$ where we meet heavy resistance again ( yellow line...
This is not trading advice I just like to draw lines and find patterns. XBT is in a large wedge and downward channel. Until it breaks out of this its still possible to see a retrace and retest of the current bottom. Nobody likes flying blind.. except honey badgers of course.
XBT is showing us the way. Short short long long. Not advice I just like to draw on the charts.
rlly just posting this for indicator viewings but i also took the trade sooo Corn go up now?
This week we've gone from 12k to 10k, bitcoin got dumped hard with no relief bounces at all. Which arises the question; we're are the damn buyers?? Lets begin with the rally from 9.4K we double bottomed and got an Adam & Eve pattern. The pattern with a neckline at 11K gave us a upward rally with prox. target of 12.8K. We came far but never made it there. Reasons...
Indicators indicating price might have an imminent price change. Long here.
After the recent bull run, some price consolidation is highly needed and expected. And, it may be time to go short on this Shorting here for 10927 (target 1) with stop loss above the trend line at 12032 may be a good option here. We also have massive red sign from TD. It is indicating an overbought condition. A bit of cooldown will be good for the next run to...
This is only my unprofessional opinion Soo, ****DO NOT FOLLOW!!!! ))
Correction* Weekly 99MA is my target. NOT the 50MA
Bitcoin has made all its way down in only two days and now hitting the formerly mentioned potential bullish triangle support. This is a very hard approach that needs to be smoothed by a green candle tomorrow otherwise, the next support target is around $9500, where it would be immensely important not to fall through to keep the bullish trend alive. The monthly...