Safety measure: when in the green, moving SL to break-even.
BTCUSD - Weekly
BTCUSD - Daily
BTCUSD - 4H
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Last dip and then we buy this mofo again.
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I don't trust this rise right now, it's a bit dodgy. Suspecting an ending diagonal.
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Ending Diagonal scenario looking better. BTCUSD could drop from here, again.
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Don't like the way it's going up, something is cooking.
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BTCUSD Update: next move is crucial!
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BTC showing a dodgy rise... question mark...
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Let's break this support already and get this over with.
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Bearish Divergence pending, with an Ending Diagonal. VIX spike should make BTCUSD fall soon. I would see this as the last dip, and the big buying point.
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Bullish swing extending. After the coming retracement, and then the 5th wave rise, the bearish divergence should push BTCUSD back to 6K.
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Long going well. A pullback needs to be watched at around 8K. 6K is still in the menu, but needs more details.
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Correction playing out. Watching the 78.6-88.6% FR for resistance.
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Triangle Pattern in the making. It could be a wave 4, in which case the break-out would be in play, for a 5th wave. If it's an inverted triangle, then the breach would send BTC in a sell-off, until the next Fibs support. Waiting to see what it decides to do.
Would love your thoughts on the count based on this recent move!
ferGOD
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Thanks so much
ferGOD
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Update?
lucky108
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Any update ? Do you still think it will go down to 6K? Thanks!
Lionheart-EWA
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@lucky108, Not out of the question, but 8K should come, after the divergence at the end of the 5th.
jthrasher
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@Lionheart-EWA, great call on that 8k level, even if it came before anticipated. Does that move make you think the 5th is resolved or yet to come?
jthrasher
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Thanks for the update. That path would also give a nice inverted head and shoulders setup, which I've been suspecting since this rise. The left shoulder looked as if it may be a head and shoulders bottom before our strong dump.
jthrasher
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also, what do you think about this? do you think this could be a valid 4th wave triangle? Don't have the highest EW expertise but from what I've learned it seems somewhat valid...thoughts? would possibly give us a slightly higher low
Lionheart-EWA
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@jthrasher, Sure, chart looks good, but it's a 1 min time-frame... :)