I have zoomed out several times trying to figure out BTCUSD market, after trying to find answers on the past I finally decided to see the very BIG picture. So the first thing I spotted was a possible very BIG 5 waves formation and we are still beginning wave 4 with more 2 crashes to go in 2018 to have a complete ABCDE correction and finally start the all might...
As you can see we are going to test the 0.5 fib retracement and the 1.618 of the fib circles both are really good resistance and if we break it we can go up alot but if we gonna reject is which is most likely we are gonna go down again and that means alts are gonna get destroyed once again because of the btc dominance.
We shall see what happens the next hours!
Well it seems that I was wrong about the direction of the break from that fib time zone and my stops were hit at $7440 en-route to our current schiff pitchfork resistance.
Some elliot wave analysts called it so the pace of this recovery was unexpected to me but obviously not to a others.
If you press play on my previous chart, you can see that we reached the...
Technically it is still too early and market should fold into several harmonics before a final target but just to have something on mind for now I have charted this.
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I belive that when it will hit the blue line . It will go down, slowly
It will slowly going down until it hits the yellow ring.
If it manages to hit the cross lines between yellow and white. Definitely will drop much harder .
We will enter a last bear market until June it's over.
This is only my opinion and you are free to decide what to do with your money and...
Ok guys, I am a bit too optimist to nail std fib, time fib and circle fib all together. Changes are very slim so take care and always use your risk management. Target on chart, both level, time and curve. Let's hope I get it again.
Good day Traders
Using the $8500 July 2018 highs as a starting point (the peak before we broke market structure), you get interesting results if you use a schiff pitchfork to then connect the December 2018 lows to the recent $5975 peak for 2019. Using the same starting point, add Fib Time Zones connecting the December 18 lows, and we find anticpated areas of...
This is probably not popular opinion but not long now before bitcoin’s descent back to $4.2k before final capitulation. This is evident using a fib circle connecting the swing low for 2015 to the 2017 ATH and a Schiff Pitchfork connecting the 2013 swing high to the 2015 swing low up to the 2017 ATH, to give us the bigger picture. Then for a comparative view of the...
Bulls are running a lot weaker than anticipated, but at least it is going long. This is my new vision for the next days. Always use risk management guys !
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Our previous chart got broken, mainly on time, despite people already turned bearish, this a very tricky, meticulous designed, chess like money game and several harmonics could play a role before the final target.
This is my second attempt on a new harmonic to get strong support and basis to trace risk management strategies.
If you find my charts useful and want...