Ok, so after request of you guys, i am posting detailed analysis of BTC .
I am starting from weekly and will break down to 4 hours chart so do not forget to check updates.
As we can see after all time high, we are going in ABC correction. (Pink full circle)
We have completed A wave of ABC and heading towards completing B wave.
B wave it self is abc (small pink , waves are visible) correction aka bull trap.
We have almost completed a of this abc. A doji candle is building which means next week may be bearish.
Rest in update with daily chart. Stay tuned!
I am starting from weekly and will break down to 4 hours chart so do not forget to check updates.
As we can see after all time high, we are going in ABC correction. (Pink full circle)
We have completed A wave of ABC and heading towards completing B wave.
B wave it self is abc (small pink , waves are visible) correction aka bull trap.
We have almost completed a of this abc. A doji candle is building which means next week may be bearish.
Rest in update with daily chart. Stay tuned!
Trade active:
Above on daily chart you can see a of abc correction which is 5 wave upside with green waves.
a of abc looks completed unless 5th wave extend which happens during FOMO but i do not see any FOMO.
If above is true , we are in b wave of abc which it self is ABC correction and we are in A wave,
A wave normaly being sharp and 4th wave of wave a (check green 1-5 waves ) retraced to 8600 so chances are it may goto 8800-8600 again.
Rest in next update.
Above on daily chart you can see a of abc correction which is 5 wave upside with green waves.
a of abc looks completed unless 5th wave extend which happens during FOMO but i do not see any FOMO.
If above is true , we are in b wave of abc which it self is ABC correction and we are in A wave,
A wave normaly being sharp and 4th wave of wave a (check green 1-5 waves ) retraced to 8600 so chances are it may goto 8800-8600 again.
Rest in next update.
Comment:
8600 is where the 0.382 retrace of wave a (green 1-5 up) reach.
If you have any question, just ask.
If you have any question, just ask.
Trade active:
See that bounce from around 9400, still going good as per above analysis. Remember for big scene 40-50 points does not matter they fall under ladder.
Follow, like , share , comment for future updates.
Follow, like , share , comment for future updates.
Trade active:
BTC still following that orange ABC . Nothing change. I may think to go long again if this breaks yellow line with good volume . Check chart below:
Comment:
If it turns to upside from here, this means it is super bullish as it is 0.0236 fib level.
Follow and line to get future updates.
Follow and line to get future updates.
Trade active:
Still going as per plan. An H & S guys. Think if this playout .check chart below
Trade active:
Target of Head and Shoulder updated. Follow and share for future updates:
Comment:
If H&S in above chart fails and falling wedge ( below chart) playout then we can buy on breakout and sell again at 9450 max .
Trade closed: target reached:
BTC broken out the falling wedge and here is update:
Above on 4 hour chart you can see channel support and price support in teal color are around 8370 so it may have little bit bounce from here before going down again.
After that it may have some sideways at 8900-9000.
After that a final dip may go upto 600 before rebounding aka another bull. I will post target of wave B of ornage ABC later.
Till then happy trading.