After reconsidering, I think we could be here... Or may be it's that stage where bears turn bulls and that's where we are up for a correction.... Either way, I believe the correction is near. If after that BTC goes to the moon, and I am on that train, that would only made me happy. P.S. Please don't get wrecked by my charts and thought. I paper trade. P.P.S...
Everybody and their mama are calling for HnS. When this can be true and correct, there are some MAs crossed, that suggest a possible further movement upward. It looks very similar to 2014 pattern. There is one major difference: purple MA crossed up the blue one (200) when it did not happen in 2014. Which makes me think, we have one more push to 10k region. (Blue...
From my personal very short experience (comparing to some of you) and knowledge I got on my own, I say it's not a bull market unless BTC decisively close above that thick red line, retests it and goes back up. Otherwise we are in for a ride along that thin blue line (very speculative). (Thin black and blue lines are the Wolfe lines. 1-5 count is according to...
I was looking at it, and thinking, what's more important: fibs or MAs? Looks like we've passed the 200, but kinda paused exactly at the same level fib wise, as back in 2014...
It looks simple now. But is it really? P.S The Phoenix was a fabulous, red-gold feathered bird, whose body emitted rays of pure sunlight. The bird lived for 500 years. When it died a new Phoenix emerged fully-grown from its body. According to a story, Phoenix, when arrived at a very old age (some say 500 and others 1461), committed himself to the flames. Others...
Blue and Pink channels are speculative, because we still don't have the local top. I believe, the top should be between 6050-6280 within 24 hours. B) seems to be the most probable time wise, price wise. There are few ways to get there....my crystal ball didn't tell me which way BTC will go there exactly ... Stay tuned :)
This is plan B to the last chart I've posted. By Wolfe strategy, the price should get to all 3 beige lines. After being rejected by the first one (blue), it went back up, closed above, retested and went to the next one (green), got rejected and now closed above and retested it. So I see 2 possibilities : A) since the price closed above and retested second...
Considering the current formation, I am leaning towards bear side as of now. Important intersections are circled in black. All black lines are Wolfe lines. Important dates ahead are June 25th, June 28th, June 30th: possible local bottom. I don't believe we had "THE" bottom yet. Let's see and find out :) Stay safe ;)
One of the possibilities "bearish scenario". Stay safe ;)
Lesser amplitude on the channel, but bigger on the up movement. Let's see...
Just for fun :) "The Phoenix was a fabulous, red-gold feathered bird, whose body emitted rays of pure sunlight. The bird lived for 500 years. When it died a new Phoenix emerged fully-grown from its body. According to a story, Phoenix, when arrived at a very old age (some say 500 and others 1461), committed himself to the flames. Others state, that when he died,...
Let's see how far this might go. Disclaimer: this chart is for my notes only, not a trading advice.
Disclaimer: not for trading purposes, just for fun. The Phoenix was a fabulous, red-gold feathered bird, whose body emitted rays of pure sunlight. The bird lived for 500 years. When it died a new Phoenix emerged fully-grown from its body. According to a story, Phoenix, when arrived at a very old age (some say 500 and others 1461), committed himself to the...