Nickonomics

Bitcoin (BTC): The Wave Setup

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Nothing is happening in the market: volatility has become extinct and coins' trading fallen out of fashion. Range-bound bots and robotic humans absolutely prosper in this environment. The price was unable to break the 7700 threshold. For me this is a bearish signal. Indicators provide mixed signals, so let's examine wave structure. The move from May 29 is a 3-wave correction within a larger downtrend. A price drop below 7500 would confirm this scenario.
Comment: LTC H&S setup:
Comment: EOS is on the brink:
Comment: Still can't get to 7500. This scenario becomes increasingly viable:
Yeah baby:

Reply
I think i'm kinda guessing it so far.
Hit the play button.



Reply
"This scenario becomes increasingly viable",meaning still bearish?
Reply
some more "wave for thought"

+1 Reply
a brink in which direction xD
Reply
Probably, you do not trade bots, otherwise you would know that this is the worst time for them, because of the lack of volatility and liquidity
Reply
@Vladlex, This is may be so for retail traders because of high comissions. Otherwise scalping within these ranges is great.
+2 Reply
I agree. The feeling that the market is entering a stage of excessive pessimism.
+2 Reply
SloppySeconds TrueLuckyCoin
@TrueLuckyCoin, And that's beauty to a Bull's ears :)
+3 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out