My previous idea was that we were possibly completing higher degree wave B or 2. While the reversal call was accurate so far, my primary count has now changed.
I still think we are completing a higher degree wave B or 2. I just think we have one more move down before we complete it.
Idea is that we are in an ABC flat for a wave B (higher degree). Once this...
Bitcoin Saturday Trade Set-Ups for the Aficionado
BTCUSD: Bitcoin Saturday Trades for Die-Hards
A slow overnight session has given way to a slow start to Saturday trading.
Bitcoin has held up though and if still long here is about 80 points up on the last entry at 7375.
Looks like we're stuck with scalping still for now looking at the lack of interest...
Bitcoin Weekend Trade Set-Ups
It looks like we should get an interesting trade coming up here
Failure to hold on to 8300 will most likely force it back to the
lower parallel of the continuation pattern shown at the
bottom of this decline.
On the downside we need to see a break below the lower
small rising parallel and the support line 8230 to...
09:20gmt 04:20est Saturday Buy Points and Updates
If you went long again off the retest of the lower parallel it's
held good overnight but has reached the underside of the
neck-line of the small head and shoulders created yesterday
and could have been closed out for 300 or so gain by now.
If still long the nearest support is close by at 9077 so no point...
Bitcoin Saturday Update and Next Trade Points
Bitcoin went into the weekend looking like it was just a matter time before it broke lower still. All that consolidation below structure to the left of price was saying that no-one wanted Bitcoin above 6666. By 22:00 gmt this level really had taken on major significance. The number of the beast or no, it was also now...
Bitcoin: BTCUSD Next Trade Points Saturday
Yesterday's price action has created another bear flag,
smaller in scale than the one sitting above it, but so far quite
simailar. It looks to be better defined than the last one which
hopefully will create a signal worth trading off when it
The overall pattern is still bearish so the break, when it
Bitcoin Saturday 9th March Next Trade Points
Overnight Bitcoin has rallied to the next line of resistance
listed at 9493 with an overnight high at 9506 reached at the
now customary 06:00gmt/01:00est turning point, before
falling prey to profit takers once again. The break above the
holding larger parallels was an encouraging signal for the bulls
WAITING FOR POWER BOUNCE OFF THE 50EMA TO BREAK THE 'BULLISH' FLAG.
TARGET IS AT 1HR 261.8 (GR4D)
STOP LOSS: 90.600
(currency strength still shows JPY weak against CAD)
Daily candlestix & r4d ¬ Bullish