TradingView
weslad
May 3, 2020 2:08 AM

BTC Halving Market update 

Bitcoin / TetherUSBinance

Description

Hello friend,

Sorry guys, I got 24hours ban from TV, this prevent me from giving detail market update since, but right now am back fully.

I spotted some similarities in BTC wave pattern which seems to perfect with one of my previous BTC post. Before I continue with my update do check out the post am referring to, at least this will guide the idea clearly.


Oh yes, thank so much for the massive supports I received from my last post, those Likes means so much to me. Thank you

This update is focusing mainly on wave count, mind you my count may not go with the book, mostly textbook traders usually end up failing during real live trading test. So all the counts and applications of waves are based on my own personal findings.

Spotted BTC to be moving in potential WXY pattern with some solid push and this is all about HALVING, everyone is Fomo in right now.

The idea shows expected retracement level and potential target expectation. We may assume retracement to be over only if PRICE closes above 9510$ on 4hours to daily timeframe. If NOT the basic retracement view is totally possible with target towards 8000$-8250$.

Our oscillating indicator is also shown to be in serious overbought condition, and this need cooling to give more room for the big event coming.

Everything we need to make trading decision is well shown on the chart.

Kindly go through the chart and do leave us your comments to let us know how you feel about our view,

Moreover REMEMBER to appreciate our effort with your likes and always subscribe(Click follow) to our profile for fast and quick daily updates on all our trading ideas

Thank you.



Trade active

All attention shifted to this present 4hours candle if closes as Bearish engulfing will change a lot of game. patience game here right now.

Trade active

The consolidation continues as price been held firm in range.

Trade active

Ok its happening gradually

Trade active

The breakdown is confirmed.

Trade active

Hey guys, I am requesting hands of help, do hit this like bottom.

So far trade is moving as expected.

Trade active

Daily candle is showing clear bearish look now. This means retracement is already under way.

Trade active

BTC is moving in potential flag formation

Trade active

I just prepare a quick market update as the fight is tense between the BULL and the BEAR

Know where to act when breakout happen



Do REMEMBER to appreciate our effort with your likes and always subscribe(Click follow) to our profile for fast and quick daily updates on all our trading ideas

Trade active

Trade closed: target reached

Comments
eBlockChain
I highly respect you, not only for being a professional trader but because you’re an honest gentlemen. Very much not what I can say about so many frauds out there that fish innocents through VT to scam them. Ask me about them, so far I got scammed by three.
zanap21
@HassaanAbdeen, i got scammed too lost lots of money. Sad but true
UnknownUnicorn7334023
@zanap21, got me for 3k
FibonacciGang
@da_investor2020, How are you guys falling for these scams? LOL actual clowns
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