Long to 6400-6500 Short to 6000-5800 Long to 6800-7000 Short to 6400-...
Short to 6150 Long to 6550
Everything is on chart.
Possible Inv. Head&Shoulders. 1- Long : 7800 2 - Short : 7000 3- Long : 8600
This elliot wave seems quite in play. I didn’t spot it but have taken the chance to showcase some great signal being confirmed on each wave. My wave 5 pans out different to who mapped this before me (sorry I can’t remember you, and I think he got it from someone else too lol). I’ve kept was 5 stunted because it is face planting into two support lines and has...
If we cannot move below the A wave; this count will be proven wrong. Targets of 0.382 retracement of larger wave 1, and then 1:1 extension of wave A. Look for an entry point during the correction we will see after this impulse wave (the one that just formed) This is a healthy ABC correction, and RR is very nice. Leave a like if I helped! MACD also crossing on...
Bitcoin margin traders have been the primary cause of volatility, it would seem. What I see here is that for the most part, bears have much less impact on the market than the bulls (I would have thought the reverse!). True, a big bear paw helped knock BTC off the high horse, but the next day bulls started a path of self-destruction. This battle played out for a...
BTC/USD is currently trading inside a pitchfork and forming an ascending triangle, which might pop and go through $9000 resistance, up to $9200 to $9300 range. On the other hand, it's showing a decreasing RSI, which might play out as a bearish divergence. Also note how the amount of longs is declining and the amount of shorts is flat line.
I literally have my money on crashola, but I do believe in the power of Bitcoin as well as network effect. Metcalfe's law says BTC is way over-valued, but hey.. it's the Internet! See you on one side or the other!
BITFINEX:BTCUSDLONGS BITFINEX:BTCUSDSHORTS BITFINEX:BTCUSD I think this is the funniest TA i have ever made.. lets see the result at the end of april. LONGS (white): on support + over shorts. SHORTS (turquoise): rising wedge w/ longs support. USD (orange): strong support. CIRCLES (yellow): long/short with long support touch.
Buy signals at the bottoms