As shared previously, we were tracking a Bullish Wolfewave into making and then took a bold move to short while we wait for wave to complete Here is that trade, which we completed within a week's time Now this time we are looking to enter the trade and ride or die. Upside is huge, all the way to 70, while downside risk is 2-5k depending upon your risk. Play...
This is going to be fun one and set the imbalance in markets with people sell with FUD. We shall go test under 58-55k, in worst case even down near 52k only to explode back to near ATH of 73k by late May
This appear to be final wave before collapse and completing wave 5, we should see a slump below under 64k soon
BITSTAMP:BTCUSD I would likely get dislikes for even saying this, but I will be keeping an eye on this if this actually become wave 5 down once again under 60k.. then we may have a possibility of 55-50 range as bears wants. Disclosure: 4HR wave still points 68k though which will invalidate this pattern anyhow
Bullish wolfewave alert in NASDAQ:ARM , keep stop at 105-100, and ride till 140
Everything that goes up, must come back.. even NASDAQ:NVDA & NASDAQ:ARM ARM in particular looking for another 15-20% decline. They have been distributing for last few weeks, now is time to break it. SELL under 125, target 90-100
Last bearish wave was completed right at target now it’s time to buy again
The larger timescale (4HR) has a bullish wave reaching up to 68000 but the bearish WW in smaller timeframe goes back to 62k before going up.. Well given all the negativity, I would go short first
BITSTAMP:BTCUSD lets be "Neutral" for a second and look at whats going on in the 10H chart. There has been 2 breakout attempts, one almost made it with a resistance turned support retest and bounce near 69k but then failed miserably. On the bearish side we had, 4 bounce off the support BUT it seem that its possible the 5th time will be the charm. The trading...
Let’s short this thing now and let’s ride down. From technical perspective it’s very simple, but mostly it’s around fundamentals and political pressure and uncertainty
What a piece of beauty the wolfewave is, spotted at TOP and came down to low of month, love it
This is finally shaping so well, we might see a touch of upper line inside the wedge near 70k, but not always. The move down to near 60k will be explosive, the pattern is invalid only above 73k
It is possible that we are making a larger wolfewave , we are nearing point 4 that means a impulse wave up to supply zone need to happen.. that can take us to ATH near 80k and shortly after that dump to near 50k
Everything in chart and we tracking the previous wave still active
Read more about wolfewave here www.wolfewave.com Note: Not my invention, but such profitable tool.
Target is so deep you can’t even picture, it won’t happen over night but “we are never going under 50k” would be crying. This is going to be long term trend change, bitcoin was never in Bearish trend, but here that changes
We broke down under the trend line few days back, the pattern is classic Bull trap where the liquidity is around 71-73k Unless we close straight up for 2 days above the broken trend line, keep selling for much greater profits.
Trade within the range marked, sell too near 71500 and buy near 65000 Stop loss is just 1000 point above or below the range, if broken out of range go long above, or short below, the breakout/down will be in nearly 10k range