SHORT with ELLIOT WAVE 4H for 6.700k USTD. I'm not expert on Elliott Wave rules, this is my training days, but for me this example and forecast is good.
Please leave a like and comment if you enjoyed the analysis. All notes are on the chart, trying to keep it simple.
Tracking of the pull back with ELLIOTT WAVES The next possibile level of price that i have found with the analisys fibo's and varius resistances probably are into this price levels. This trade it's the continuation of precedent. Afther these last waves, i think that probably the trend will go into reversal phase. We will look the situation at the moment..
Hi Guys, I was in doubt till February 2020 when bitcoin was trading above $7300 and touched $10500 for the 3d time, after when BTC dropped below $7300 I was sure that it will touch near $5500 (200 Weekly Moving Average) and next it went down from that level as well and touched 3850 and on some exchanges it touched $3770 as well. Now based on my analysis and...
✴️ BTC Update What the hell's that BTC doing? We've been rejected twice under the 7450, which is pretty bearish, but still no massive drop. The daily technical situation is still positive while the technical indicators are negative on the 4h horizon. On the 1h timeframe, the WaveTrend has just given a buy signal, which does not rule out a short-term rise. 📈...
✴️ BTC Update This is it, at last! After observing Bitcoin doing nothing at all under its resistance zone, the latter is now broken with a confirmation in daily closing. The zone we are now interested in is very logically the one between 7500 and 7600. The daily technical situation remains positive as do the indicators at the 4h horizon, even if the latter...
Hey people! Sharing everyday what I know about Bitcoin and what I see on chart. So you can check from your perspective and compare. Today I've noticed interesting pattern. Its Called LIVERMORE Accumulation Cylinder. This old study pic you can find in the internet. I am attaching photo here: Reddit source . You can google it too "LIVERMORE Accumulation...
✴️ BTC Update New week starting on the markets, what has happened since the last update? We still haven't had our daily close above 6900 but Bitcoin is currently trading around 7050! I was telling you on Friday about two possibilities from a chartist point of view, an ascending triangle that you can see quite clearly or an ascending wedge. These two chartist...
BINANCE:BTCUSDT Bitcoin is in consolidation phase. Bias is neutral. Funding is positive so many are shorting the market. Let's see where the price will go in the next days. I hope your safe and being careful with your shorts. Hope you like and share with your friends and comment to share your thoughts.
✴️ BTC Update What's been going on since yesterday, guys? We finally got our break? Yes and no,let's take a look at it right now! Indeed, the price of Bitcoin has indeed surpassed the 6900 zone but the break was short-lived with a high point reached at 7300 before a proper rejection. On the 4h horizon it doesn't even count for a high high in the fence and it...
I don't think I have to abandon my trade after yesterday's downturn to 5.8k, I haven't seen the price drop until the historical falls that the pessimists were looking for. Indeed we can say that the support at 5.8k USD worked very well. Today there are two very marked divergences, which gives me hope given the trend and other data that we can try again to break...
✴️ BTC Update #BTC_Update New day, time to take a look at Bitcoin guys! At the risk of disappointing you, the message is going to stay pretty much the same, this famous resistance zone at 6900 is still not broken and we won't open any long positions as long as it stays that way. Ok we agree on that, but what about the shorts? That's exactly what today's update...
✴️ BTC Update What's new since yesterday, guys? Let's take a look at BTC! Last time we analyzed Bitcoin, it was around $6,350. It's now at 6436 after hitting a high of 6650. The daily technical situation that went negative again yesterday gave a buy signal on the WaveTrend again. The 4h technical situation remains positive for the moment and we can see signs...
Bitcoin currently trapped in a short term channel within a larger rising channel. Still unclear what is going to happen. My idea is that we come down to 5800 region, grab some liquidity then head off to the weekly resistance around 8000 where we will see a larger correction. Let's go!
✴️ BTC Update Bitcoin dropped this weekend from 6600 to a low point around 5900, which is our previous buying range. The daily technical situation is now negative with a sell signal on the WaveTrend while the MACD did not cross over at all. On shorter horizons such as 1h and 4h, a buy signal has already been given on the WaveTrend. 📈 Trend follower? Negative...
Hello all, Many people said me the drop from yesterday was the most bearish escenario and now we are going to pull back up again. This wont happen, the scenario remain really bearish and we should retest at least 5.1-5.2k zone. We made profits with the drop from yesterday so i recommend to open positions of short again at 6.3-6.4k level Many thanks! Regards,
✴️ BTC Update Hello, everybody! Already on Friday, guys, it seems that time flies when you're in lockdown! What's new on the market? Looking at the situation, Bitcoin today, we can see that the supposed drop to 6300 hasn't happened. That doesn't mean that it hasn't happened, and you know what to do if it does. The daily technical situation remains positive...
TF 1D: Following the collapse Bitcoin has attempted a recovery by reversing the short-term trend, thus forming a continuous flag pattern, but in recent sessions is turning into a rectangular triangle following two attempts to break the 7,000 area. In the last few hours buyers are having difficulty in maintaining the support of the EMA 20; a closing above the EMA...