Bitcoin 2018/06
for performance tracking
for performance tracking
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Last update from 2018/05 on track
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decision time for short term
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Triangle decides direction: Uptrend channel or downtrend channel
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PND scam active
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Still on track, sell zones 7765, 7830, 7925
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Long 7548+7557
StopLoss 7502
StopLoss 7502
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StopLoss now 7543. Has to pass 5600 as resistance
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SL now below support 7583 for breakeven
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Targets as in chart: sell zones 7840, 7925
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Raised SL to 7612 for profit
Bitcoin running to end of big triangle. Decisive move will come next 24-48 hours
Bitcoin running to end of big triangle. Decisive move will come next 24-48 hours
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Maxiumum targets for retrace:
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One more leg down, wave V missing. Wave I=V: 6430 target, then abc to 6970
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Target 6430-6450
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Careful here, short squeeze could happen: shorts rising strong, price dropping slow, that means people adjustiNG lower very tightly. Can easily squeeze upwards:
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See above idea shows a channel building
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With fibs and shorts shown, retrace to 0.382 expected, 0.5 might happen, 0.618 should be max
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no strong retrace, as above wave 5 missing
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Target 6430-6450 as above reached
Trade closed: target reached:
Closed shorts 6470, opened short 6558
imgur.com/a/8CZ8D9I
imgur.com/a/8CZ8D9I
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Long time since last update:
Bounce around 5655-5688, fib convergence, falling wedge apex, support zone 5400-5600 below, potential start of wave IV in bigger picture
Bounce around 5655-5688, fib convergence, falling wedge apex, support zone 5400-5600 below, potential start of wave IV in bigger picture