Yeah... Nah... I feel it might go long. There were/are some decent buy walls holding out today. Green arrows = my uneducated opinion. Red/orange arrows = partners lesser uneducated opinion.
Warriors!
A continuation of my previous idea. We broke the high of yesterday at 11065 after going straight up all day.
No we need a bit of pullback or consolidation as we went up all day very sharply and are overbought (as the high RSI shows), but we are ready to go up once that is done. The bulls have shown how strong and eager they are, and it is going to be...
ETC signaling positive divergence on the 30 min chart. Upcoming callisto airdrop on the 5th March should also increase the price. Target is the top of the pennant @ .0037 sats. It could also break out with enough volume.
The past few days we've (hopefully) been forming a bullish channel to break us out of our downward one, the price is currently at the crucial crossing point so the next day or so will be extremely decisive and influential for the next couple months of price actions. Check out my idea linked below for a lot more details and a closer look at our short-term action,...
Based on the larger time frame pitchfork channels (idea linked below) I see one of three possibilities playing out.
A. (Green) If we get super lucky, we could see a bull wave break us right out of our downtrend channel, and take us up to around point A. where theres a nice crossing of a prior resistance line and one of the bullish channel trend lines. There...
MACD about to reverse to bullish on the 4hr, rsi is hitting the historical reversal zone, and it respected the bearish pennant that is drawn in lighter orange. We would really need a good push with volume, which is definitely possible with VEN's new BMW partnership announcement. However, we did just have the rebranding event, and I feel like everyone who wants to...
Looks like we are getting closer to the end of the large Bull pennant made from the corrective wave.
Target entry will be mid day February 26th with entries between
$8900-9000 for 50% retracement
$8200-8500 for 62% retracement
Profit should hopefully be taken March 12th at about $14500
I am just learning and sharing idea's hoping to learn more
Lets assume that since the bottom
We have seen a major Elliott Wave forming and we are in the firs major corrective wave.
In the first wave we have seen 5 sub waves and are currently in sub wave C of the corrective wave
Its possible that we will see a massive Wolfe wave push us up into a reversal
pushed up further by a massive bull pennant forming
Following...
Continuation of my previous idea.
This is VERY VERY simple.
A monkey should be able to understand this:
Bitcoin get bull run go up alot very much ==> Bitcoin retrace. ALWAYS. Not only Bitcoin, any stock do this.
Bitcoin retrace to 0.618 good retrace (retraced EXACTLY here actually).
Below 0.786 oh oh maybe the bulls aren't strong anymore.
After Bitcoin retrace...
