let's see if we get a bull wick and bullish reversal
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falling wedge onto the .88 with a bullish candle forming lets see if it can hold.
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false breakout nice break up from support again.
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.88 bounced lets see if we can double bottom on it
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very nice secondary bounce right where the 3 wave starts. this is a good sign and shows it to be highly probable we go for $7,100+ over the next couple days.
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A bit volatile today but I can see a clear weakening in selling pressure the bulls seem to be showing signs of taking over as we have been making higher lows all day with some signs of bullish divergence.
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and here's without the subwaves and the triangle we are making.
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Triangle broke support back on the .88 retrace kissing it right now and watching for another bounce Falling wedge fractal
sellers are clearly loosing their grasp here very little momentum and each selling fractal gets smaller.
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a bit strange looking waves but I have seen worse! so lets see if this count can make some headway!
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This wave count follows along with this prediction I made of a 12345 into the ichimoku cloud
man do i disagree on your recent charts. latest action shows failed rallies after failed rallies. you could have easily drawn those as rising wedge after rising wedge. bear flags all over the place. volatility is pinching for a strong move and it's probably continuation of the bear market. on balance of probabilities.
GeXTV
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@mfgex, i'm calling 4500 for the bounce. but if it fails then 2500-ish is the golden buy opportunity. it's when nobody is calling for a reversal anymore that you can finally expect to see one
High_Altitude_Investing
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@mfgex, Its called resistance its a consolidation range if support fails I would agree with you about bearish probabilities but we have been supporting and resisting this range for months now and no clear break. I have been loading my tether into this since $8000 down to $6000 and been adding more in this dip. I have a super tight stop-loss at $6000 from a perspective of a professional technical analyst I would say any of them are grabbing this up with tight stop-losses because its stupid not to. only risk 8% with potential for a 150% gain whales use risk to reward to determine entries and not the fact that something hasn't broken resistance (yet) as a reason to take short positions onto a market that has a 150% risk for short sellers and a 8% risk for buyers - take it as you want to man but this is how the big players think
GeXTV
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@Dalin_anderson, we have our trendlines drawn differently. on my chart it broke the trendline..
Spadille
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@mfgex, it's ok he can always redraw the lines to fit his bias ;)
Senecko
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your last update is chart from guy without any trading skills :D same as ppl saw triangles,HaS before now wedges all over the place :D the sad thing is you are asking for money for this BS and even worst thing is you will be right once even you have no skills.Thanks god this crypto game is full of nooob and they believe nooobs like you.Keep them at least we can make some money :D CONGRATS
High_Altitude_Investing
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@Senecko, That's cute lets see your predictions make them better then mine and maybe people will listen to your comment.
Senecko
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@Dalin_anderson, ppl which know something about trading will agree with my comment ppl which dont have clue and listening to your buying dips and hodling from 20k will agree with your chart.super cool we must make money from somewhere :D enjoy and stay profitable (uuups sorry with hodling in wrong side of the market its hard) :D
dogzyard
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@Senecko, But hurt, the guy you are talking to, predicted BTC just under 20k back in november... Your talk is cheap.
Senecko
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@dogzyard, thats nice but the same guy was telling his members only buy the dip and keep hodling from 20k and look where the BTC is now :D