BTCUSD trading under ABC corrective structure. In this pattern one more leg downside remaining to finish the B of b wave. The major support area near to the current level are 9125 to 9100 zone, I expect BTCUSD found support at this zone to start the Wave B of c.
ENTRY & EXIT LEVELS:
LONG @ 9125 -- SL @ 8900 -- TP @ 12500
We hit the pivot on the daily 500 upper bollinger band. This has been bedrock resistance here and purely going off that and my bullish bias I have placed a 30x long. There isn't much science to this trade, just betting on a historical value to hold.
Bitcoin market makers are using this simple trading pattern since the last top 13441$ (24th june). It took 21 days to BTC to reach the bottom of the contracting triangle (15th july) and exactly another 21 days to find the top of the triangle (5th august). If we continue in this pattern inside the weekly chart we should reach approximatively 11417$ sept 16th. Cheers !
in this chart i'm sharing with you bitcoin chart you can see here 1h chart perform last one week rising wedge pattern,
as we know rising wedge is bearish pattern when it's break 10600 support level and hit 9800$ support level today,
Now bitcoin hold 9800-9900 support area if hold this support so we'll see soon next target same previous support...
Vfi has crossed down on 1hr and severely on 15min. Wave-pm is showing where the trend is going. its gonna compress upward to 10740-10820 and go sideways before being ready to dump. If it doesn't go sideways and breaks into 10.9k then we'll see 11.2k or so for rejection
I'm holding out positions for now, not worth the risk/reward
not until the big short
I pulled out 90% pnl, felt good and am looking for an entry to relong.
We hit the 233ma on the 1hr, small probability we will dip to 10580-10,390, and even smaller probability we will dump. Overall trend is etremely bullish we have a wavepm cross on the 4hr and CCI is positive on 1hr and 15min. Wave-pm is overly compressed on 1hr, ready to make some moves
Supplementing my last post on Bitcoin, we look back at our 1 day time frame, we can see the bullish pennant forming in the chart. Bitcoin is currently holding onto this 38.2 level on the fibonacci, and if we look at our shorter time frame, we are in fact receiving a buy signal from the Megalodon indicator! This is not a bad position to be buying Bitcoin. We...
in this chart i'm sharing with you bitcoin analysis,
you can see bearish reversal symmetrical triangle pattern if it's breakout successfully so you have good opprtunity to buy and long trade,
if you are risk taker so you can buy here now with SL and before investing also do your own research.
Our previous success analysis:...
Got hurt on the recent run up to 12k when I was shorting the high 10k and low 11k range. Didn't see that one coming. Can't win every trade I guess
Took a small short yesterday around 11k December contracts, taking profit here at 9.5k and turning it into a long because...
1D 100ma (12hr 200ma)
Horizontal support at the top of the consolidation zone shown by my...
Note : bitcoin is in a falling wedge pattern, with the tendency to continue moving upwards
BUY LIMIT BITSTAMP:BTCUSD
ENTRY @ 11000
SL @ 10550
TP @ 12600
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**Disclaimer** the content on this analysis is subject to...
It has been some time now that bitcoin been keeping us waiting for the big move. It seem to be clear after couple of attempts that we may need to re-fuel this rocket ship on a bit lower levels from here before the proper upwards move. It also fits the scenario of these Elliott waves finding place. Drop from here to around 10.8K area would not violate the Eve and...
Right now, Bitcoin is getting squeezed into this Descending Triangle Pattern. Since this pattern can be seen as a continuation pattern, chances are that we see another leg up as the next move.
Typical for such a pattern is that the length of the first wave is often almost as long as the length of the break out wave. Thus, the target lies somewhere around 14.4k...