Welcome to the session of intraday Crypto-Currencies.
Bitcoin ($BTC) remains under pressure, and it remains vulnerable to weakness to the highlighted target area. $8773 represents resistance, but we're considering lowering it to $8361 (COINBASE)
Against $8637, we'll continue to allow for lower in a still-unfolding wave (ii). However, it is not uncommon for these crypto-currencies to stage abrupt reversals, therefore, be aware that a break of $8637 could trigger upside acceleration.
Although $BTC latest drop nearly reached the 78.6% retracement of wave (i), the three-wave nature of the decline from $8637 warns wave c may not be complete. Unless it can rally impulsively above $8361.0, there may still be another low to follow.
Favoring that a larger leading diagonal has unfolded for wave A the end of wave B has been adjusted to $8637.00. We can use this lower swing higher as the key level for lower. Breaking out of the corrective price channel and above $8637.00 will be evidence to favor that wave C is finished; and with that, most likely the wave (ii) correction
Key Levels: 7296.44, 8773.22, 9450.00, 10540.49.
Note: Prices can vary between Bitcoin exchanges, and consequently there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
GOOD LUCK!
We go together
Together we are stronger
Share and like
I am not Bearish long term. I am a Bull of Bulls.
Thanks
God bless you!
Proverbs 19:8
8. The one who gets wisdom loves life;
the one who cherishes understanding will soon prosper.
===============================================================================
BlackMEX - PREMIUM
We are a BITMEX specialized channel.
Our philosophy focuses on capital preservation and good risk/return operations.
We'll share our analysis, calls, and share studies that can help you be a better trader.
Enjoy! ** 2 weeks free sign up
Telegram > t.me/blackMEXcrypto
===============================================================================
Twitter > twitter.com/f3rG0D
===============================================================================
===============================================================================
CAUTION!
DISCLAIMER
Trading is risky.
Here s a small explanation about why Im giving insight into my trades. Crypto is all about trust and transparency and that is what ID like to bring. Dont expect me to tell you how much crypto I actually own because thats none of your business. But I Will tell you how big my position will be in regard to my trading portfolio.
Secondly and actually the main reason im doiing this, is to proof to all the HALTERS out there that you can earn money with trading crypto. Most people are skeptical about trading because they heard horror stories about people who lost all their money. Follow my journey and let me proof therm wrong.
At the end of the day, the most important thing is how good are you at risk control.
Booking some losses during trading is perfectly normal, so im not afraid to show those losses. Most traders dont give any insight in what they because they perfectly know they suck and dont have a clue what they are doing in regard to risk management.
Risk comes from not knowing what you're doing.
Just like every trader, Ive seen ups and downs in my journey. I started trading stocks. And you can guess what that meant for my portfolio. Yes thats right, it was almost completely wiped out.
But I pressed on, learned a lot about technical analysis and here we are. I have experience in trading stocks, options, and commodities .
So you can assume that I know how to deal with risks.
===============================================================================
$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #cryptocurrency #cryptotrading #CRYPTO #BITCOIN #BTCUSD #BTC #BuyTheFear #BuyTheDip
@btc @RedditBTC
===============================================================================
Bitcoin ($BTC) remains under pressure, and it remains vulnerable to weakness to the highlighted target area. $8773 represents resistance, but we're considering lowering it to $8361 (COINBASE)
Against $8637, we'll continue to allow for lower in a still-unfolding wave (ii). However, it is not uncommon for these crypto-currencies to stage abrupt reversals, therefore, be aware that a break of $8637 could trigger upside acceleration.
Although $BTC latest drop nearly reached the 78.6% retracement of wave (i), the three-wave nature of the decline from $8637 warns wave c may not be complete. Unless it can rally impulsively above $8361.0, there may still be another low to follow.
Favoring that a larger leading diagonal has unfolded for wave A the end of wave B has been adjusted to $8637.00. We can use this lower swing higher as the key level for lower. Breaking out of the corrective price channel and above $8637.00 will be evidence to favor that wave C is finished; and with that, most likely the wave (ii) correction
Key Levels: 7296.44, 8773.22, 9450.00, 10540.49.
Note: Prices can vary between Bitcoin exchanges, and consequently there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
GOOD LUCK!
We go together
Together we are stronger
Share and like
I am not Bearish long term. I am a Bull of Bulls.
Thanks
God bless you!
Proverbs 19:8
8. The one who gets wisdom loves life;
the one who cherishes understanding will soon prosper.
===============================================================================
BlackMEX - PREMIUM
We are a BITMEX specialized channel.
Our philosophy focuses on capital preservation and good risk/return operations.
We'll share our analysis, calls, and share studies that can help you be a better trader.
Enjoy! ** 2 weeks free sign up
Telegram > t.me/blackMEXcrypto
===============================================================================
Twitter > twitter.com/f3rG0D
===============================================================================
===============================================================================
CAUTION!
DISCLAIMER
Trading is risky.
Here s a small explanation about why Im giving insight into my trades. Crypto is all about trust and transparency and that is what ID like to bring. Dont expect me to tell you how much crypto I actually own because thats none of your business. But I Will tell you how big my position will be in regard to my trading portfolio.
Secondly and actually the main reason im doiing this, is to proof to all the HALTERS out there that you can earn money with trading crypto. Most people are skeptical about trading because they heard horror stories about people who lost all their money. Follow my journey and let me proof therm wrong.
At the end of the day, the most important thing is how good are you at risk control.
Booking some losses during trading is perfectly normal, so im not afraid to show those losses. Most traders dont give any insight in what they because they perfectly know they suck and dont have a clue what they are doing in regard to risk management.
Risk comes from not knowing what you're doing.
Just like every trader, Ive seen ups and downs in my journey. I started trading stocks. And you can guess what that meant for my portfolio. Yes thats right, it was almost completely wiped out.
But I pressed on, learned a lot about technical analysis and here we are. I have experience in trading stocks, options, and commodities .
So you can assume that I know how to deal with risks.
===============================================================================
$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #cryptocurrency #cryptotrading #CRYPTO #BITCOIN #BTCUSD #BTC #BuyTheFear #BuyTheDip
@btc @RedditBTC
===============================================================================
Comment:
Bitcoin has entered the highlighted target area for the end of wave (ii). There is no evidence a secondary low has been established, but we're on the lookout for evidence a reversal has occurred. A rally through the upper boundary of the wave (ii) channel would hint a reversal is underway. A breach of 8637.00 would bolster the idea wave (iii) is underway
Trade closed: stop reached
Order cancelled
