Long-term I am extremely bullish on BTC. However there is no denying we are in a crash pattern. Until we get some bullish signals on the daily chart I would be very careful injecting any more fiat into the market. Also,the macro movements of BTC are difficult to predict, so the important thing to note in this chart are the price levels and their significance, not...
For info watch the chart, if you agree with this setup and idea please surely follow me and give it a nice like!, much appreciated ;)
Will keep it updated
many analysts are getting bearish
but could recent movement play out perfectly in an elliot wave counting?
If yes, we'll see BTCUSD go up higher and faster on wave 3
I don't see this as impossible as every count has been obeying rules and fibs
Currently price is finding support at 200MA and Fib extension target of 123%
And for BTCUSD to prove itself, it has...
The volume has been getting lower and lower as we reached new highs and it seems that we are just running on steam. I am not taking positions yet as I didn't get a signal from my systems but this is looking very bad.
Hi traders,
Red flag. As you can see i changed some colours a bit and removed the cup and handle that is now definitely destroyed, forget about it.
The formed double top was worse than expected: the second top was lower than the first top. This was the last chance Btc had to escape from the huge downtrend, but it failed.
The drop was then much more important that...
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my...
I do not say I know it all but Fibonacci retracement from red zone 38.2% to Fibonacci extension 161.8% fulfills move especially the NASDAQ Index. You can also appreciate the 2008 crash on DOW JONES & NASDAQ which was already dropping without much alarm as the crash was. So, after some struggling for about a year ('consolidating') the next crash may be near.
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my...
The mother of all head and shoulders patterns is close to completion. Looking at the daily, you can see we have a very reactive trendline, possibly neck line that stretches all the way back to the 10th of December, when prices were in the 400's. If you saw my "BEARTHERIUM" post recently, prices dropped by as much as 18% from the time I put out that warning, and it...
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my...
Disclaimer:
___________________________________________________________________
Let me start with saying that I am a nobody. Highschool dropout.
Worked maybe 3 years out of my now mid adult life.
Spent to much time online. Mental health issues.
I don't trust me. So you shouldn't either. With that...
since i've published the previous chart here ,
BTCUSD broke (1) the channel (2) 38% fib zone (3) 50% fib zone
and theres no sign that the bears are stopping, they have gained momentum and is reaching all the way down!
Things will be bad if they manage to pass through the entire fib zone with no hesitation .
The next level of support will be the 161.8% price...
