Consolidation continues. Wave b (black), perhaps, will take the form of a zigzag. I want to see a deeper correction to the price of 4650, but this may not happen, because look at the wave C (orange) in wave a (red). Corrections in the last wave were shallow and brief in time. You can also try to play for a breakdown at the price level of 4950. Work better with a...
Presumably, the end of the wave a (black) occurred. Now there is an opportunity to get correction to zone 4620, drawing a wave b (black). In this area prices , you can buy with a short Stop Loss (100 - 150 dollars) and Take Profit to 5350-5400.
Our prospective model "wedge" did not take place. The market has sharply gone up and now has taken a timeout. Today, the markup has been modified and moved to another level higher to assess the overall picture. Because the internal structure of the emerging upward movement consists of triples (although many are under the intoxication of the "bitcoinomania" and are...
Good morning. Yesterday, we sold 90% of the total position at 4590. Bitcoin continues to form the C (orange) wave in a possible bullish "wedge" model. To confirm a good chance of growth, you need a touch / break through the level of 4700 and the wedge boundary. Now we assume that 5 wave upward movement is formed, and internal wave 3 (blue) is over. We are waiting...
Yesterday we wrote that a triangle is formed in wave B (orange), and you can buy a break in the direction of growth. We did this earlier (by 4350), because saw the completion of the local correction and the retreat of sales. Now we are in the emerging wave C (orange), and while there is a risk that the price may pounce from the level of 78.6% (4500) Fibonacci. In...
We assume that the wave A (orange) is over. We will buy at the correction from the levels of 4280.4250. Stop Loss at 4160. Goals for growth 2: 1 - 4500; 2 to 4700.
Presumably the diagonal triangle is formed in the direction of growth. The key barriers that were important to us (4250.4350), are broken, and now we are looking to buy. Because we drive this movement in wave 5 (violet), as the final model for growth, we will be extremely cautious in decisions with a set of positions. The reason is very simple: the movement can be...
We made a refinement of the markup of bitcoin and a shift in the timeline to level 1 older. We assume that the upward movement has not yet emitted steam and is able to form a bullish model in the form of a wedge in the direction of growth. The possible boundaries were indicated by a dotted line of black color. We want to see the penetration / touch of the price...
Another local correction was formed, the nature of which indicates the existence of a zigzag. We are happy about this, because there are prerequisites to confirm our intuitive sense of price growth to 4550. We follow the character of the upward movement and we will not hide that we do not like it and looks crooked, however. If the movement regroups into a wedge...