There is a potential bullish (90% of the time) fractal forming. Pretty early to call; but we shall see. Marked as neutral, as there is a short leg first down to 9350.
Diamond Top Reversal Breakdown! Wait for retest of 10,700~ SHORT
As per previous analysis; target for short was met. Switched back to longs from 10,550 to 11,850. My average entry 10,587. Started this new analysis as I have modified the previous one slightly. Will now only continue to update this one.
Previous fractal failed. Short to 10,500 then swap to longs. Approximate path 10,500 > 11,800 > 11,200 > 12,500 then down. Marked as short for the first leg down. Will then re-do if this plays out. My average entry for short = 11,377.
As per my other current analysis; based on the structure of the geometric fractal and other indicators - I have adjusted accordingly based on the latest information. Ultimately the end goal is the same, but the path to get there is slightly different. I think we will now find resistance around the orange line and retrace to retest the pink support line. If you are...
As per my previous analysis we had a good stab at reaching a double top reaching into the low 13K's however we didn't quite pull off the top around 13,750-13,800 that I was hoping for. Luckily for us we are now printing a new fractal that looks like it could finally get us to our target. Long from 11,150ish on the second touch of the pink support line. Target is...
I think that BTC will soon fall out of this Bearish Flag pattern and the dip would be around 9200-9700$, this area is quite wide and need more data to determine the exact price range. Expected to bottom around July 15 Important BTC prices are : 11200$, 107200$, 9725$ and 9200$ But of course, we always need the backup plan : If BTC bounces back and get overe...
As per previous analysis - everything is going to plan. Expect ranging for 24-36 hours before next leg up. Check out linked analysis for call prior to this point.
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...
Hi everyone Hope all had a safe and celebratory July 4th weekend. You maybe tired and hungover, but I am of the belief that BITCOIN IS NOT. I think it is gearing up for a bullish run of around 15% during the start of Monday and into the work week. We've seen some price consolidation since the June 26th highs of 14K with increasing volatility we haven't seen in...
Bullish fractal is forming. Ascending triangle. Bullish crossover of Fisher Transform. Expected to play out as per pink arrow.
Bias is towards Bearish based of Mid Term 4 hour Trend. 4 hour chart: BEARISH indicators: Bearish crossover of Fisher Transform. Recent Parabolic Sar flip to bearish. Bearish crossover of Aroon Up/Down. .382 Fib flipped support to resistance. Bearish cross over of MACD. Bearish DMI cross over. 5,8,13,21 FIB level EMA right above us adding strength to the .382...
Bullilsh: - Breakout of bullish descending narrowing wedge. - Bullish crossover of Fisher Transform. - Bullish crossover of 5 EMA / 20 EMA. - Bullish engulfing candle potentially forming. - Broken through .382 Fib. - Parabolic Sar has flipped bullish 4 candles ago. - Aroon Up Bullish (92)/ Aroon Down Falling (currently 57) suggesting bullish momentum and bulls...
If you have USDT, you can buy BTC at 2 zones (In this period, all my buyzones are ranges, not exact points) Zone 1 : 9700-1000$ Zone 2 : 8800-9000$ This is a buy call, not a sell call, so don't misunderstand
Fractal as per previous analysis is playing out nicely. Long 10,600-11,700 then re-assess.
Fractal Leading to Double Top before major Correction
Bear Flag supporting Diamond Top Reversal and CME GAP Closure
Diamond Top - Usually a reversal pattern and fits in with my main view of a move down. Being cautious here though as there are fractals from 2013 and 2017 that suggest this could blow upwards. Given the overall bullish sentiment I can see us hitting above $16K. Currently have an open long from $12K and hedging with a $12.4K Short.