BITCOIN... MOON OR DOOM?

Hey Everyone,

So just recently on twitter I did a poll regarding market direction/psychology to see what the general consensus amongst the traders and users of cryptocurrency was,

(INSERT LAW & ORDER... DUN DUN)
And these are the results...

BULL 34%
BEAR 32%
I HAVE NO IDEA 34%

So this is where we are right now, in a period of market indecision and the charts are reflecting this.

We have a few pivotal points we need to pass in order to move higher. We face huge resistance at
$7800
$8100
$9000
$9400
$10000 which we have failed to pass numerous times putting us in this sideways indecisive pattern.

And heading the other way our major supports are
$7200
$6850
$6400
$5950

So right now we have the flip a coin scenario and your best bet is for small trades within the wave trend -----> the trend is your friend!

Oh and before you all comment and say I am D4rkEnergY, I am not, but he is my business partner...

So for now... Safe and happy trading!

REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!

<3 Lisa

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like.... :) <3
Everyone likes it when a girl is on Top ;)

Comment:

A quick update,

I am looking for direction, and currently the waves are supported by ALL EMAS on the 45min chart, I like the 45 min chart as I believe I can get a better breakdown of wave information. It is possible by wave formation we could be in a Elliott Wave leading Diagonal Pattern. My targets from my previous chart 7800-8100 for this wave are still valid.

Comment:

EXCERPT about leading diagonals
The leading diagonal pattern is very similar to the ending one. It consists of five sub-waves, labeled 1-2-3-4-5. Its first wave is usually the longest, while the third wave cannot be the shortest among waves 1, 3 and 5, and waves 2 and 4 are always corrective. Waves 1 and 4 should overlap. There are, however, few notable exceptions. First, leading diagonals occur in the position of the first wave within a regular five-wave impulse or in the position of wave A of a simple zig-zag correction. Second, unlike ending diagonals, where each of the five waves is corrective in nature, the structure of the three motive waves of the leading diagonal – 1, 3 and 5 – can be corrective as well as impulsive.

Read more at: ewminteractive.com/r...ing-diagonal-pattern

with adjusting my waves if this is the pattern 7640 is our target.

Comment:

Leading Diagonal still in play target $7920 (range $7900-8100) updated 1-5 EW

Comment:

Heading for lower targets

Trend Line broken..... AGAIN.... next stop.... $6500.... if that is broken $6100
To me drop appears to be wave failure.... if shorting watch support levels for reversal, if waiting to go long, please wait and have patience for bounce