Happy Easter Traders!
Bitcoin has been in a weird, no trade zone for a while now without much action, but I suspect that's about to change.
Bear traps, bull traps, rising wedges, ascending triangles, bearish divs... WTF is Bitcoin planning here?
To be honest, I am not in a margin trade right now as Bitcoin isn't giving much of an edge at the moment and the...
Pretty self Explanatory! In addition to our bearish ascending broadening wedge in green, we also have our H&S pattern as well as a descending triangle in light blue. We also have a small pink bear flag. There is a real possibility of a bounce off of the blue triangle support; and then subsequent retest of green wedge support turned resistance/light blue triangle...
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:...
What if the last top was not a Wave 5, but a Wave 3?
I think this is very likely. Why?
If the last top was a 5, we would have had to correct deeper.
Normally the correction should have went down to 0.382 (~7200).
Then 12345abc would be completed.
In our case, however, the correction did not even end at 0.5.
She stopped at $9,000.
What's the meaning of...
This is what I see as the last possible chance for a double top: Short down to mid 7's and a bounce off yellow wedge support. We could then form a bullish descending broadening wedge with a target which is equal to our double top (purple long term down trend line). I am not saying this will happen, but it is something I am keeping my eye on.
I have been trading this bullish fractal since first noticed on the 16th of July and have just closed 95% of my shorts from 11,077 for >1000% ROI (Bitmex and Deribit). I have started opening longs from 9650; and still have buy orders placed as low as 9460 in various intervals; though I believe we might only go down as far as the green support line at 9560. I have...
So not only do we now have a confirmed break down of the bearish ascending wedge; we also have a almost perfect head and shoulders pattern. We also have a parabolic sar flip and fisher transform crossover to bearish on the daily. Appears we are definitely going down to 7500 though ultimate target initially is 5K.
So I have pretty much given up on the hope of re-touching the purple long term down trend channel resistance (as a double top); as we are teetering on the edge of a large bearish ascending broadening wedge. I think from where we currently stand on the daily we either:
- bounce of the support of the wedge and hit the green 50MA confirming it as resistance and...
Decided to create a brand new analysis to track the bullish fractal now that we know we are heading to a double top. I am currently short (high risk tight stop) from 11,900 down to 11,100. I have longs laddered in and waiting from 11,100 down to 10,950 at various intervals which I hope will be filled for the final push up to the double top. From there I will...
As per the bullish fractal that has formed on the four hour and below charts; the fractal is actually more in line with what we expect to see on the daily chart. This means we could very well be on our way to our double top. My entry was 10,329 and stops have been moved into profit at 10,600. We will atleast fulfil the smaller fractal top of 11,050; however there...
We are currently seeing a perfect correction.
The top at nearly 14K was the end of the 5th wave.
New target is Fib 0.5, as so often at Bitcoin.
First down was around 10K (weekly pivot).
Second at 9.6 K (0.618). With a back movement to 0.786 or weekly pivot. This movement should be completed shortly.
Then the last correction phase will start.
Target now is...
Priceline of Bitcoin / US Dollar has formed bullish BAT pattern and entered in potential reversal zone.
The RSI is oversold.
Stochastic has given bull cross.
I have defined targets using Fibonacci sequence as below:
Buy between: 9791.3 to 9468.0
Sell between: 10559.4 to 11713.6
Atif Akbar (moon333)
First, stop buying without discipline, crypto can make you money but you must have a plan, stick with me and I will show you how to create a plan and why price does not matter. We can make money either way but we need "Can't Lose" scenarios all the time. Let's focus on what matters -- support and resistance. For the last few weeks, I've been showing where BTC is...