Here's a quick look at our current Bitcoin scenario from a Wyckoff perspective.. The Wyckoff accumulation event suggested here is a nearly textbook case example. The market seems to be reverberating from a large amount of strategic accumulation!
I might suggest that our 'must hold' level for this bullish scenario is the shaded area between $3700 and $3800....
People this triangles keeps forming and forming . maybe 4100 or 4200 first to get high lev bears out and then down. again. no signs of this bear market is done yet.
My final destination to this is 2800 or 1800 when i will stop trading and start just buying in cash but not longing just in case.
If you like this check my instagram and twitter for premiums shitpost...
Past two areas that neared the uptrend line dropped around -2.85% in the week prior to a trend reversal.
We are at that same point as we speak.
Looking for a reversal here based on the weekly timeframe. Ideally, we finally break about the 1360 area.
Remember, I published my first idea on this website using fobonacci time zone to warn precisly a correction for the first week of february.
Now I'm saying that the dow will make his last pullback on 24990 before going on his 38.2% fibonacci level on 24000 then his 50% at the number of 23200 before the end of the month.
It's your last chance to stop your 10 year...
After many days of painfully watching and waiting I almost traded back in last night.... happy for the waiting now
Feel more confident after the trend is fully completed and we can move onto a period of stability.
This is my first post and I'm my views should not be taken as a vision of the future but I'll finish this and all future posts with history (and...
Ethereum declined exactly from our projected level of wave d and it's very probable that we are still in a big triangle, so we assume that Ethereum is facing final wave e down to 250 and 61,8% Fibo. retracement, where triangle may come to an end.
On the descending line are the prices that were barrier and stop for the BTC to follow its bull run, which perfectly match the Fib levels.
And the possible ones that remain or the king is already able to continue his longed up way up?
We will see.
1st TARGET REACHED ------------USD 3824.88 (FIBO LEV 0.382)
STRONGEST RESISTANCE LEVELS USD...
First I do not believe in my humble opinion that the Elliots waves works on cryptos.They are very complex to locate and synchronize. The margin of error is zero.
On the chart we see that after reaching the historical ATH, the price broke the main trend line (TL1) and tried to retest the ATH and found its Stop on the HH1.
I formed a new trend line (TL2) joining the...
After the first target reached usd 780.- at the range 780/790, BTC gonna make a retracement of usd 23/25 to finally go to reach the 2016 target of the mayor psychological level.
I put the links of my previous BTC charts.
Thanks for the msjs, followers, likes, tips and many new friends that i maked doing that i loving, trading.
I wanted to leave the next...
Monthly chart is at a 1.272 fib extension so how the top is panning out...hm this is another possibility as a 3 drive to a top harmonic top pattern
Safe trading ladies & gents!
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