Hello crypto heads, hope you are all well. As we can see BTC has come a long way from the bottom and held consistently over $8100 the last day, Until we had another massive spike taking it all the way up to $8560. It has created a higher high and confirmed the double bottom . As mentioned in the previous analysis the $8500 was a totally achievable target. The...
Morning traders! Here we are with the bitcoin! Easy setup for it , is moving sideways between 7.8k and 8.4k , a lot of people are waiting for a breakout of this rectangle to understand the next move of the BTC , meanwhile in daily timeframe the price is going to reach EMA 200 and 100 , It could act as resistance zone. Be patient!
All my charts I make and indicators are saying it's going down but something feels off.
I'm currently short with a stop loss but for the first time I'm not confident about it. Even if I'm wrong, normally I enter the trade for a reason and I can't confidentley say this will happen.
Have to stay true to my charting though and I'm short, this is what I'm trading.
4H Ichimoku shows Bitcoin is ready to fall slightly, oversold and will drop to around $7800 before touching the shoulder of the Ichimoku support cloud which will push Bitcoin up into a rally with a target of $10,000 within the next 7 days.
This movement will break us through and above the very thin 1D Ichimoku cloud, putting us above the resistance area with a...
Hello crytpoworld, welcome to todays BTC update. What is going on? The price has pretty much followed my road map although the final and 5th wave was truncated and did not extend higher than what we thought. The EW count still in play and under correction. These corrections are necessary to make room for BTC to grow and build up steam to move even higher. BTC has...
A break above golden pocket it preferred. Looks like a massive extended 1st followed by 2 small 3 and 5 waves..... We can go all the way down to .85 to still be impulsive thats where id set stop loss after watching for bounce
- Btc yesterday rejected from 55 EMA
- high possibility to retrace around 7400-7600 ( BFX )
- after that expect rally to 8700-9200 next days
- finally open shorts to complete wave5 ( shown in chart)
Wish I saw this before, always learning.
Noticed the bull flag and was scared of it, but as you know those patterns don't always follow though. The candles though definitely confirmed the pattern and wish I saw that.