Hey everyone can you smell the confusion in the air? take a moment to think and just feel the energy in the crypto space... what does that feel like? feels like the same energy/sentiment that we had at $6,000 & at $6,500 ... smells like bottom territory .
Some things pointing me to this trade!
1 - haven't had a 1.6 billion dollar volume spike on the 3h
2 - Expanded flat correction
3 - Oversold MACD
4 - Market sentiment (everyone is confused yet the bull trend is in tact & the market should see higher highs & a 3 wave)
In times like this its good to avoid selling with losses keeping in mind the macro trend there is no reason to sell in red here
Altcoins looking very good right now with many of them completing full market cycles & looking for new ones to be made on the upside
keep a eye out for a bounce here in bitcoin we might make one more lower low but the .786 is nearly reached & bitcoin trends to love bouncing there.
Keep your account balanced & keep your risk management in place
last but not least stay profitable folks.
Some things pointing me to this trade!
1 - haven't had a 1.6 billion dollar volume spike on the 3h
2 - Expanded flat correction
3 - Oversold MACD
4 - Market sentiment (everyone is confused yet the bull trend is in tact & the market should see higher highs & a 3 wave)
In times like this its good to avoid selling with losses keeping in mind the macro trend there is no reason to sell in red here
Altcoins looking very good right now with many of them completing full market cycles & looking for new ones to be made on the upside
keep a eye out for a bounce here in bitcoin we might make one more lower low but the .786 is nearly reached & bitcoin trends to love bouncing there.
Keep your account balanced & keep your risk management in place
last but not least stay profitable folks.
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.786 as described
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bullish divergence
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what the bearish divergence did last time
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falling wedges & trend line
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Volume analysis
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EW layered on top
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Bullish divergence + subwaves on the 4h
rising wedge / bear flag sell signals & bullish falling wedge
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We could double bottom at $7000 or make a new low to $6900
Either way so long as this triangle holds I am very very bullish
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Shakeout complete let the games begin baby!