For the last few days I have been waiting for BTC to shed some light as to where it is going and today I think I got some insight about possible price movement. I just hope you find some helpful information here. I am hoping to see a 28k BTC soon.
Enjoy the ride and let's see it with time we can verify this pattern.
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Just as a reference from the last HnS bottom and movements.
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I love how BTC likes to just do its thing. Predictions right. :) we will see where the floor is.
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Although I am very cautious about updating charts, this is something I think deserves to be updated since we are all in a time where we need to be prepared. In the past I have been very accurate in my predictions about BTC and how I am just trying to be mindful of the people outside and trying to keep them informed to make best decisions. In the previous reversal, I was the first one to spot a HnS bottom and now I see also the possibility of a HnS inverted. as btc failed to touch its trendline top, it indicates deterioration. At this point we are only dealing with intermediate and minor ascending trend lines and we are looking to have some answers soon. I hope you find this picture helful
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We are in the hours chart below. Ichimoku Cloud was broken and price seems to getting weaker. Volume also has changed. We still waiting for the other time frame charts to determine where we will probably stop but with BTC nothing really is a given. Thanks for your time and don't forget to follow, comment and share. I try to answer every comment or question people might have.
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BTC Found some solid support at 9.5k area. we will probably test our resistance around 10300 - 10500 in the next few hours. We will wait to see how it does. 5hr Chart stil look weak but BTC is BTC.
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Just thinking if BTC will finally pick up its original trend line. Just and idea. Indicator aren't looking as strong as a few days ago.
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Jokes aside. I am hoping we are now on the time zone of btc. This was done based on average price movement. We will see where we are on March 4-6th :)
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BTC still developing based on its prediction and we are just watching at its time zone and expect to perform somewhere close to it.
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We are having some issues on the day chart getting above our FIB resistance of .382. we are still in the right path although BTC price is not following our time zone prediction. Possible retracement is 10400 at this point which is oly 300+$ and not bad at all. Share like and comment if this information is or was helpful.
Thank you
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Where are we today with BTC. I see btc testing the downtrend that was broken (dash line) to probably continue its way up. In my initial plot of the HnS inverse I had a flat neck line which was wrongly plotted. Initial I didn’t have enough information to see where the neck would actually be but now I can see the neck was broke and we successfully closed above the broken neck. One attempt all the way from 10200 to 11700. We are in a normal retrace movemement and so far we are respecting many indicators at this prices. Please refer to my video in the YouTube link below and see the prediction done live 5 days ago. Also, ltc prediction in the same video. Have fun and enjoy your ride.
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well I was here for a treat. The binance rumor didnt play well in the market. My positions in binance dropped in less than one hour 15%. At this point is in uncertain where we will stop but My first guess is 9.5k to test previous support. if not from there we have a long way to 8.8k then 7.5k based on old price history. 9.2k I dont think will be a game changer since we didnt find much struggles there to get through. Some exchanges are either offline or have limit trading due to this incident. As a TA I dont count in this events and as you can see a good prediction can just break down as easy as a bad prediction can turn around. I myself sold some of my low gaining positions in binance now I am waiting for a btc recover and possible entry price. AS OF NOW ALL TRADING IS AT PAUSE IN MY SIDE. TRADE SAFE AND BE CAREFUL.
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From the live video I did to explain where I stand with btc sudden drop and where I think we are going
@jmccomb, you are welcome. I am glad I can help you see the possibilities for the future
Instanet
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that is one of the most beautiful thing ever :) haha now i also think it needs to retrace. around 11K i suspect we go back to 9-10k than to 12Kish.. struggle with the downtrend and go back to around 9200.
if that's correct.. i hope so then indeed mooning
Ecua_Trader
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@Instanet, yeah we need to correct badly to have a more healthy btc
iaretheanimal
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So you see 5 waves up? For someone who really has next to no TA background, why does it seem everyone uses 5 waves? Thanks for putting these up.
Ecua_Trader
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@iaretheanimal, I’m not using ew. This is a completely different approach. I use all tools available and try to understand where btc will be in the future. This is an example of time Zones.