I am back in Melbourne and recovered from my epic 33hour New York flight (each way) and week adventure! New York was not my favourite place that I have travelled to, but I did fall in love with Central Park and so many amazing things to see! Especially the Cello and Violin duet of Pachelbel - Canon in D, my favourite classical piece <3
So lets have a look at BTC and something I want you all to start looking for, not just on BTC but on all your ALTS as well - RSI Before you start commenting that you know this... reminder - some traders are newer than others...
RSI is one of my favourite indicators and I have circled a few patterns to look out for on your charts for reversals / bounces.
It is my personal opinion, that It is super important to know what stage the Elliott Wave is at as this will indicate how high the bounce. But with that said, there is always a few hundred dollars to be made per coin scalping ;)
You can make a quick and easy money, in just a few minutes..... if you are a less experienced trader, I recommend starting with small amounts to practice I believe we are looking for a $5200 target, maybe lower to $4888.70 D4rkEnergY target with stop loss annihilation....
Looking at my Moon or Doom chart from 1st June (yes that is how long it has taken to get here) we bounced on the major support $5950. I think a small rise sideways today, and then more down over the next few days to a 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!!!!!!!!!!!!!!!!!!!
<3 Lisa
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, that way you get updates as I post them.... :) <3
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No real change to BTC today, following the wave 4 right now, and once complete, we should see the break lower
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(chart with finer ave lines as requested by many) so you all can see what is happening clearer :)
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***wave
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This is the daily chart so you can see where the pink trendline comes from
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BTC not looking strong right now, Wave 4 has completed and we are in the 5th wave lower. Truncated wave will see $5600 But I believe we will head lower to $5200 (my target) or lower again to $4888.70 with stop loss annihilation
Stay safe out there :)
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You have to love whale calls to change the direction of the waves...
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If this is a 5 wave impulse (uptrend) we need to pass $6575 with conviction - if not we are headed lower still to original targets
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pulled up the daily chart to look for clarification of direction and we still have very bearish candles. Like I mentioned in the previous chart, $6575 is the pivot, I don't see us passing this point, I still feel all signs are pointing lower.
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BOTH RSI and Price Action are showing BTC has a little bit more to go higher before breaking lower again. $6575 is still around where I believe we will turn down again
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we are currently hitting resistance at $6575... which at the moment appears to be a wave 4 with wave 5 lower still to come! Watch this space, passing by anything more than a wick puts us in a different pattern... for now I think we are headed lower
@lne, I'm not sure why people on here even waste their time writing replies like that. Keep doing what you're doing, I always take note of your view and add it to the balance of ideas :-)
@GuyWallace, me either, but thank you for yours, I enjoy the interaction, and don't expect people to agree all the time, but constructive criticism goes a long way. :)
GuyWallace
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@lne, If people agreed all the time we would all be in trouble. I
GuyWallace
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t's about the debate and support. Enjoy your Sunday