HAdrian22

HAdrian22

Good afternoon fellow traders! It took me a while to get back to the charts ... but here it goes. On the short time frame we have become cautiously bullish and as you can see from the chart the next geometrical target is aprox 44K. This converges with Elliot analysis which I will post later ... so in the absence of any FUD tweets, we can be reasonably confident...

HAdrian22

Dear traders, we have been through a rough couple of days...and I know the question on every one's mind is whether it is all over and we will go back towards the moon... The previous ABC pattern that I was suggesting previously worked perfectly as we all experienced. However, in my opinion we are not out of the woods yet. I think the current price structure is...

HAdrian22

Fellow traders, an important milestone was just recorded. We finally tested (and bounced) out of the 21 Weekly EMA. This is what I was bringing up in my last posts in association with an Elliotistic perspective over the BTC/USDT pair. Beyond all the FUD from Elon and the recent downtrend in the NY Stock Exchange, it is a very important milestone in our run -...

HAdrian22

Good morning, seems to me that a serious correction is coming nearer as wave C is beginning. Look for the breakdown in the parallel channel to confirm. As we approach this moment, the market volatility will increase so trade carefully. Pls let me know if you have any questions. Stay safe.

HAdrian22

To me it seems we are in the early stage of a Wave C corrective pattern for BTC. I see this as a welcomed event as over leverage is all too common in BTC and this will be the preamble for the future upswing. The most probable level is around 45K due to Fibs convergence withe the 21 EMA which we have not tested in a very long time. It might go slightly below...

HAdrian22

A continuation of my previous charts. It does seem likely now that we will test the area around 44 k before we initiate another impulse move to the upside. Also please consider the Average True Range when designing your optimal entry points. Stay safe and trade conservatively.

HAdrian22

Honestly I do not think that the bull run has ended and this is nothing but a correction along the way. However, I decided to cover both scenarios. What do you think ?

HAdrian22 Updated 

Let us see if we find more fuel to continue this run or not...