I identify a closed triangle in ABCDE pattern from point three circled (point A level doesn't to be break).
It means we should finish the bearish time and start rising again (last wave 5 in circle).
Let see what happen.
PS: it's not a Financial Advice.
Price moves in an alternative scenario.
Locally in the wave (iv), a wedge correction model is formed.
Short sales at the current price with a stop loss of 10400 are relevant.
Profit should be taken at the level of 9500 and below.
Also note that the price range of 9100-9500 is a good place for purchase.
Keeping this post at the Macro level
There are a few things that we need to watch in order to gauge where we are at and what are we to watch\look for (to accepting that the continuation of the Bull trend is in play).
At the "Micro level" TA is still difficult and complex as many scenario's are in play. With...
Short to midterm 3 hr chart.
Marked voids in volume and squared up the price history and "lookahead" to the built in Bonfire (BF) indicator. Notice the vertical lines marking probable price action pivots . I also spent a great deal of time finding common Bonfire and Gann points of interest. These trends were built on on said points of interest, intersections,...
The price continues to rise from the recommended level of purchase in the past - 9900-9700.
Our analysts warn that a sharp decline to 9100 is possible, but they do not exclude continued growth.
The critical level for the bitcoin price is 8800.
We recommend buying in the range of 9500-9100, or expect correction in wave 2 (Minor) and buying.
The post has been my masterpiece since 2016
It is a really long one and not for everyone, kinda a summary of my 3 years Trading Knowledge and forecast of Bitcoin's future movement!
Who am I? I have been trading in crypto since November 2016 . Seen many shit coins , seen many big pumps and epic dumps.
Made money , Lost money. However, I always focused to improve...
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...
I'm an amateur. I started this journey December 26th, 2017 at 5:06 PM.
Yep, I bought (damn near) the top.
Yep, I've lost a lot of money.
I've learned a bit. Have you?
Take a look at 2014. Anything look familiar?
Not one person to my knowledge has spotted this.
Not saying this is GONNA happen.
Just saying that it can and probably will. :^)
My life has been hell since I doxxed myself on my Twitch channel.
Still ain't scared of you bastards. Come get me. owait you already are.
8 days from homelessness.
Gee, I wonder why?
Bitcoin saved my life and now it's f***ed it all up.
(Don't) Do the right thing, people! (Or you end up like me)
My (for real) last chart on TradingView.
See you at $1k. Or $33. Who...
In the past, we recommended selling.
Today we recommend looking for a purchase at the level of 10300-10000.
We believe that very soon the price of bitcoin can continue the bullish trend and overcome the level of 14000.
The bull wave that we started at the beginning of May, looks like it is approaching an end. We might reverse the trend very soon and enter into a new bear wave.
I'm staying out, will open a short if we break 9K.
Bitcoin price correction continues.
In the main variant, we expect the price to decline to 10,300 and the beginning of the growth of quotations to 12,700.
Also, an alternative variant began to appear in the form of a triangle formation in wave B (Minute).
In general, we recommend looking for purchases, but do not forget about sales.
Correction in the proposed wave (iv) moves according to our plan.
We expect the end of a local decline in the corridor 7500-7200 and the continuation of BTC price growth in the direction of the level 8500, possibly higher.