a quick update, and rather than constantly posting under the old chart... here is new one so you don't need to hunt around to find it and no BTC Ronaldo story tonight, I have been busy setting up a business with my most awesome friend @D4rkEnergY we are super excited!
So there have been a lot of people not liking my Elliott Waves, so for this cart i got out my crayons and drew some lines :)
You can easily see my targets, with resistance and support levels... but for those that follow me for the waves and stories... BTC and Ronaldo will be back later in the week
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!!!!!!!!!!!!!!!!!!!
LNE.
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
⋅
The triangle has expanded overnight, still in same formation though
Volume Profile indicator 70% of all trades were between 7300$ and 10 000 $ (blue lines on the chart).
We are at the bottom of this so-called Volume Area. It means during last 4 months we have new investors who bought BTC within mentioned range. They won’t be willing to sell it. They wait for the price rise. We can expect very low volume (supply is spent) below current price. We think we are very near to the bottom and simply there will be no BTC for sale for lower price.
LisaNEdwards
⋅
@WBM_Team, see my previous chart... I agree with you
WBM_Team
⋅
@lne, Thank you. It's good to have a girl in this company :)
Smoak
⋅
My chart from 6 weeks ago. Followers got in at 6600 and out at 9900. We are still short from 9900 but will be closing those positions soon and will wait for a good trade opportunity to present itself.
We are at the bottom of this so-called Volume Area. It means during last 4 months we have new investors who bought BTC within mentioned range. They won’t be willing to sell it. They wait for the price rise. We can expect very low volume (supply is spent) below current price. We think we are very near to the bottom and simply there will be no BTC for sale for lower price.