Bitcoin continued it's 4th day of sideways movement but is making higher lows and lower highs inside the bull flag. The question is if and when it will finally be able to push back above the 12,000 level.
Hello traders, BTC made a nice impulse in the lower time frame, now wait for a small correction to buy the break. At 12000 USD area take profit and wait for another setup first to enter a new trade!
Bitcoin with consistent lower highs on this down trend. Looking for price action to break that trend. Personally I will buy Bitcoin under 10k every dip. This may have been the 30-40% correction we've been waiting for with 9200 as hard support. Time will tell but I expect new all time highs by 2020 at the latest.
At 17 Jul was a powerful bounce from Mirror Level 9088.10. It can repeat soon! We can open short term BUY after fake breakout of this level.
BTC decision time. Pink line is bull market trend line.
Morning guys, So, yesterday setup is done perfect, market stands in few bucks from 9000$ major daily AB=CD target. But today we want to talk on medium-term perspective... what's next and what we see from recent price action. If we pay some attention to details then we could recognize strong bearish efforts. Indeed, as yesterday as two days ago - sell-off was...
Morning folks, Last week we talked on two possible ways of major retracement - either in the shape of wide AB=CD pattern or extended H&S pattern. And we said - keep an eye on price action inside triangle. If BTC will not break it down, or stops downside action by some reason - be careful. It could be early signal of possible upside continuation. This has...
I noticed an interesting pattern and had to share it. See anything interesting in the Bitcoin price? I do. What would Pomp say?
do not get excited girls. BUT it might just happen.
Chart includes real stuff + my dumb drawings. The Fib levels are what's important, but imagine an EW pattern or something, you get it. Don't think I believe the action will follow the path of my dumb drawings. This is a "what if" we get a similar ratio both in time and price to the previous two Bitcoin halvings. This includes the future ones too. So, if...
WE HAVE FALSE SIGNAL ON LAS IDEA!!! LONG NOW
Morning guys, Just brief update on current situation. Last time we said, that BTC should turn to major retracement somewhere from 9040-9400 area - and we still keep this view. So it is not time yet to go short. Currently, price action reminds bullish flag and shows definite features of retracement action. Upside action to 1.27 butterfly target was fast, and...
Morning guys, Our upside setup has done well. Daily 9042 XOP target is not completed totally yet, but we could say that mostly it does. Now we have some issues that makes the background for our trading plan. 1. On weekly chart, we've got bullish reversal swing. At the same time, previous bearish momentum is strong and it should trigger moderate retracement...
Morning guys, Our yesterday setup with "222" Buy has done perfect, but today we want to warn you about tricky moment on BTC. Although it makes no impact on the final target, but it suggest two scenarios on how BTC will reach it. First scenario is simple - streightforward action up, right to the traget. IT is no questions with this scenario - just keep position...
Morning guys, In last three sessions BTC is coiling around the top, keeping bullish sentiment intact. Still, price is strongly overbought on daily chart and it needs some relief, either in a way of flat consolidation or in way of slightly deeper retacement. On 4H chart we have minor bearish sign - Wash and rinse of previous top, which could lead to appearing of...
Bitcoin is approaching my resistance at $6,357ish USD. I see a break out to 6,600ish or a retest of the upward sloping trendline at roughly $6,100 USD. Time will tell per usual.