CryptoY0L0

CryptoY0L0 Updated 

Quick short idea over the course of the next week

CryptoY0L0

BTC is currently resting on pitchfork 1.75 fib support. I don't imagine it holds, as there is almost zero historic price action in this range. The full extension of the pitchfork is confluent with the .618 fib retracement level, which to me makes perfect sense for a bounce. If this holds, we validate the bullish case for a potential reverse in market sentiment =>...

CryptoY0L0

I'm seeing bearish divergences and awful volume. This bear flag may take us to the 7000-7150 range. Lets see how this plays out.

CryptoY0L0

Most people saying we will retrace down to 6800. However, I think we have heavy support in the 7050-7150 range. I'm thinking we bleed to this zone, then 1 of 2 options: either test the 7800 zone, or fly by and hit 8k zone. Lets see how this plays out.

CryptoY0L0 Updated 

Not the biggest fan of elliott waves, but this one looks too obvious to glance over. Good chance of retracing down. If 6100-ish holds, we would start a Wave 3 up, a very bullish sign for BTC. Expect alts to SHOOT UP if this is confirmed.

CryptoY0L0

I'm not the biggest fan of fractals (I feel most are used to defend a bias), but I can't deny the similarities between the April rise vs the June/July upward trend. If I were trading this, I'd short and see where it takes me.