One of a few ideas I have. One last push to 6850 is also still possible.
I'm not a TA expert, never follow someone blindly.
I'm not a TA expert, never follow someone blindly.
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Its dropping too fast, I do think 6400 will hold some value. But not enough to form a higher low. Which is bad for a bullish view.
Will update this chart later today
Will update this chart later today
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Another idea. I dont really see a 3 wave structure down. I think 6300 is an interesting point to look out for.
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6300 and 6100
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Still on track, some of my long position got filled. Even though the head might not hit 6100, I have orders around that area.
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Sideways like always. 6300 will hold for now it seems. Multiple attempts trying to break it, with no succes for the bears. We will have some slight upward movement before heading to our final destination. Be patient for long entries.
Trade active:
I got my final fill. Extreme patience always pays off
Order cancelled:
Looking complete shit right now. if 6200 breaks we will see some downfall. I have my stop right under. but im pretty sure its gonna hit.
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Btc's last stand short term
Trade active:
Target of right shoulder hit. I managed to re-enter near my stop price, quite a risky move that's why I didnt share it. Maybe I should trust my own TA more lol. Anyway so far so good if we can hold above 6300 im pretty sure we will see atleast 6500 if the bulls keep it up.
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Forgot to mention, that chart above is an alternate buillish count. Where we are now starting the 3rd wave which should take us over 6800 eventually.
This is also a bullish chart, but it will take more time:
This is also a bullish chart, but it will take more time:
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Narrow the b target to 6550.
If you're going to short be ready to ladder up to 6700.
A more unlikely and bearish view could be like this:
I give it a very low chance of playing out. But you need to have a plan B always.
If you're going to short be ready to ladder up to 6700.
A more unlikely and bearish view could be like this:
I give it a very low chance of playing out. But you need to have a plan B always.
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TODAY
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Time for btc to cool down a bit
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Lack of updates, i've been busy. Woah what an action! Seems like my original Idea played out very well.
It will hit 7.7k eventually, thats a big test. from where we will probably retrace a bit.
Very bullish view longer term. As long as that support holds we should have clear skies.
It will hit 7.7k eventually, thats a big test. from where we will probably retrace a bit.
Very bullish view longer term. As long as that support holds we should have clear skies.
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Don't short yet. Im expecting higher prices. Could be in the form of a wedge.
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Last update. Might open a new idea for shorting oppertunities. Targets stand at 7.7k-7.8k.
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Good chance it will bounce at 6450-6400 to test 6800 again.