This chart drew it self more ore less. The red dotted arrow line that goes down in a diagonal, has the exact same angle as the green one going up. Looks like our red dotted friend is a pretty big resistance. As we look at the period it took us to go up, we seem to have some time left over to go down. Maybe there will be a C wave going up for a little while (€...
BITCOIN/EURO Midterm forecast: While the price is above the support 4184.50, beginning of uptrend is expected. We make sure when the resistance at 7297.45 breaks. If the support at 4184.50 is broken, the short-term forecast -beginning of uptrend- will be invalid . Trading suggestion: There is possibility of temporary retracement to suggested Trend...
We may see a further dip over the next day or two, followed by what I think will be reversal back to bullish conditions.
Blue Rectangle is the Buy-In-Zone between the 0.5 and 0.65 Fibonacci Retracement Levels. Waiting for waves A-B-C to complete as part of wave 2 of a larger degree.
Blue Box is the Buy-Zone which is between the 0.5 and the 0.6-0.65 Fibonacci Retracement Levels. On a Larger wave degree we are still waiting for wave 2 to complete. Waves a,b,c are part of the second wave of a larger degree.
Looking to a 30min chart, we can see that the bull run is confirmed. We are starting the 3rd wave of the larger degree. Let's look to a smaller degree, we are finishing the V wave of the smaller degree to complete the 1st wave of the larger degree. One more push to the 7600 will make me even more confident. Pushing to challenge the ii wave pivot, of the down trend...
Hi Traders, I'm looking on Bitcoin in a larger perspective - would love some input and thoughts about it from other traders, so please comment. If I take the larger count of Elliot Waves, I get this chart as you can see. In this scenario, the C ends up being a bit trunkaded. (I'm no expert in EW!) But reading the impulse waves up, I see that the 5th wave was...
Hi all, Here's a quick update on the BTC EUR on a 4 hour chart. Still leaning a little bearish personally, but let's see what happens. If this really was the turn-around point for btc or not. I am very cautious at this point with my tradings, and are waiting for some solid confirmation of direction of the market. Happy trading to all
And when the Bulls, come running in, and when the Bulls come running in.. Finally some bullis action.. Here is some scenario's and possibilities, looking at a 30 min chart. Let's look out for follow through bull action, and building of momentum. No rush in trading ;) always new possibilities. This is not financial advice. Trade at your own risk ;)
Hi guys, It looks soo bearish right now. Anyone know how many bearish flags going down is normal? LOL Really, I'd like to know :) Possible to - at least very short term - to play short positions with tight stop loss orders. Again, not finacial advice, just my own ideas I'm sharing - they are not to be taken as signals to buy or sell. Remember to make your own...
My TA and thoughts of BTCEUR Looks to me that BTC likes to retrace to the 0.78 fib. level. If this holds up for this Elliot C wave as well coming down and are about to finish, we're looking at approx. entry points for long position at EUR 5761 If the major support is spiked/broken, we're looking at EUR 4638 This will create a double bottom, and might be a clear...
Based on simple previous cycle.
Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (7508.30 to 6384.70), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (7508.30) Ending of entry zone (6384.70) Technical analysis: Price is above WEMA21, if price drops more, this line...
Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (6384.70 to 5110.00), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. .Beginning of entry zone (6384.70) .Ending of entry zone (5110.00) Technical analysis: Price is below WEMA21, if price rises more, this line can...
Price was stagnant the last couple of days which made trading pretty boring, but we are now seeing some movement. Over the next day I expect the price to fall to around €6947 where it will find support, and then bounce back higher giving traders the opportunity to take profits.
The price did not rise as I predicted before as quickly as I expected, however it looks like it is going to gradually increase now.
Some very short term forecasts for bitcoin price.