The picture is refined, and an alternative version, which was in my head the last days, is attached to the execution. I guess we are building wave 4 (purple). You can see the changed structure of the upward movement on the graph. The reason for this - yesterday: did not finish the wedge in the proposed wave 1, which turned into a wave a (small, blue); received a...
I believe we follow this trendlinbe and are overboguht keeping a close eye with close stops but in at 7370 short x 100k contracts. Ill be swinbg trading
the last three candles represent the pattern "three black crows", this is a bearish figure of the trend reversal. MACD is ready to make the cross down, and the RSI oscillator is pointing down, this gives grounds for short sales. Target points - 5562 - 5348 - 4480 $ Stop-loss at 5,900 $
So here we have a clear look into the 5 completed waves in BTC, each impulse and correction divided and finally we've got a projection of a possibly A.B.C correction. Those arrow were traced (following fibonacci ratios) as a 5-3-5 Zig Zag because it's the basic pattern, however we can expect another type of retracement. I took the main guidelines of EW...
BTCUSD should correct to 38.2 Fibonacci
Btc fail the first breakout after the bear market as started The daily market pressure (-2.1) and h4 market pressure (-3.0) confirm the long term trend at this higher point The cross will go down
It's time for "divorce." The market will now dance as it pleases, and this is due to the vague attitude of the entire audience towards the approaching hardfork. To date, there are many alternative options. We indicated 2 of them, which we use ourselves. We see the weakness of the market for purchases, however, we do not see a desire to let go of the price of...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Make sure you TRADE SAFE Divergence will build as shown on RSI window. Bears will take control. 1st stop, 5K This could be the start of THE BIG SHORT - and then the BTC10K ;)
Make sure you TRADE SAFE Divergence will build as shown on RSI window. Bears will take control. 1st stop, 5K This could be the start of THE BIG SHORT - and then the BTC10K ;)
Cypher pattern and support , resistance level
This is just an idea. MACD, Volume, Fib, BB show us a short opprtunity. I'll keep my BTCs but short may be happened and after the short my target price is $8000 in Feb 2018.
I think BTC is still in the corrective up move that soon has to give us another leg down. Looking at the structure on M15 and H1 timeframes, it seems rather bearish (MACD divergence + H&S pattern) and ready to fall. It might go down from the actual price or it might go a little bit higher before coming down.
This 2 possible scenarios might happen, it depends on this week plenty of FED speeches which will drive the dollar as well as North Korean´s tension. If you want to buy i would wait for an hourly flag (continuation pattern) which verifies the uptrend and the breakout, if this happens tomorrow could be your trigger. If you want to sell, wait for the breakout of...