The price got to the downtrend line where I placed short sales.
Now I continue to consider several scenarios for the development of the situation, which tell me to continue to hold a short sale and look for additional points to increase of the position volume.
According to the basic scenario (chart on the left), I consider an increase in short...
These are 2-day charts of Bitcoin.
On the left is Bitcoin's chart at the December 2018 bottom and on the right is Bitcoin's current chart. Notice how similar they are.
On the bottom is the "Stochastic Heat Map" indicator. When price is extremely overbought the heat map appears red. When price is extremely oversold the heat map appears blue. In this case,...
This analysis is only a personal analysis (Update 12)
The previous analysis was done without considering the extension of the 3 minor wave. The analysis is the same, but the price targets have changed and the same time targets stand.
Do not be deceived by the positives ahead. We have another minor step ahead and money back to our three-year channel.
Good Morning Traders, Investors & Gamblers 😃
This is a follow up for my post from June 30th.
BTC has now reached a critical spot where it needs to close abive the Red line right around 20.270 . That line represents the neckline from where we broke down and lost the 20k region .
Now it's our first target to regain that region in order to set up for another...
The current evaluation for the BTC asset is bullish. Please be reminded that such evaluations are only derived from market structure and price action with respect to previous support & demand levels as well as fundamentals. Below are the several key points to which I am convinced we are in a bullish rising wedge formation in the process of an eventual...
The price of bitcoin continues to move within my trading expectations.
I continue to dynamically edit the markup of wave levels, which allows me to plan key levels for making trades.
At the moment, the price of bitcoin is growing as part of local corrective scenarios.
I plan to open short sales as part of the next round of price reduction.
Pivotal points line up nicely with these two circles drawn during the early bullish phase of the market and the later bullish phase of the market
We are in a comparable point to that in the first blue circle
Previous bottoms line up nicely with 3.618 and 4.236 of the first bullish circle drawn
It can be seen on this chart that the horizontal lines of support align with previous secondary bull market tops (in red)
The hammer situation are comparable points
What is really interesting though is that the Gaussian Channel structure on this 3D chart is very very similar to that of the pre 2016 bear market
This may result in a low for BTC at around 13 - 14K...
Using Fib circles for each bear run
This shows the beginning of each new bull run in green circle
Right now we are just at the beginning of a new bull cycle (new green circle)
Vertical lines show the time periods between bull markets
Horizontal lines show the beginning price for each bull run
It is extremely necessary to understand that within the financial markets there is No ETA.
This means price can take however long it needs or wants. Market sentiment can be a GRADUAL process. It changes over time as fundamental economic aspects change and so do news events.
Guessing 'When' is not a good idea. Just diversify your portfolio and Trading Size...
Waiting for a 4H strong bullish breakout above denoted level for long longs......
Targets on the chart.
Pls Like, drop a quick 'thanks' in the Comments (it won't hurt) and Subscribe...... Thanks in advance, good people...
Buy if Break Through 19600
Two Setups with different Risk Reward Ratio, 2 and 4
BTC , BTCUSD , BTCUSDT , BTCUSDTP, BITCOIN , CRYPTO, CRYPTOCURRENCY
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
BTC / USD
hi guys before we get started lets say this scenario has a very little chance to happen
However we should be prepared to everything
I can call this scenario “worst case scenario or the scariest scenario “
WHAT IF ?
as i said before in my last analysis i still believe we have very high chance around 17600-16000 will be ultimate bottom , you...