Might have some action around 3550 3600 range, who knows
Hi everyone! Before we get started, take a second to hit the like and follow button to get updates on this chart! This is a short-term action plan with finally some good action in the past few hours on Bitcoin. We are heading towards the Monthly and Weekly close this Sunday on Bitcoin and we should always be prepared for both eventualities. Bull scenario: ...
Hi All, At a price to revenue ratio of 36:1 at the time of writing, this is one hot stock! But is it really worth it? We clearly have a formation, but not confirmation, of a double top pattern for APT. We have a clear and solid rejection at the 28.50 zone and a 10% plus drop following. I don't think things are looking good for APT, not necessarily fundamentally...
In my previous analysis, I mentioned that there was a parabolic pattern, in addition to mentioning the price objective of it as well as other things. Well, bitcoin was shy of the price objective by approximately 1000 USD. I would say that the analysis went surprisingly well, however, I would also say that this overestimation of the price objective was due to the...
I cannot bring myself to reenter at these levels so I will patiently wait for a decent correction. But when will it happen? Here a first possible (and quite bearish) idea. The correction that I'm waiting for is a retrace to the 0.618, 0.5 or 0.382 levels from the start of the run to its top. In this case it would be 10350, 9000 and 7500 seem all to be good support...
Just letting thoughts pour out onto my chart. Seems that everything may happen 21.06% faster this cycle than last making the top of the next parabolic run around $80k, But i do think we could see massive over extension at the top as mass adoption/growth around crypto has risen a lot and will play a big role in the next run most likely.
Looks like a good way to make money. 1) Price at sell zone 2) Completed wave 2 3) Touched the channel on top 4) Strongly grew without correction Sell Target 1 - 109.5 Target 2 - 109.1 Stop - 110.1
Parabolic bitcoin price growth this year was a trap for the "bears". The explosive rise in prices is the usual short squeeze, which was initiated by cryptocurrency exchanges and big players, while real investors are waiting for a healthy recovery to start buying again. “Short-squash, devoid of any real volumes of investors ... I am waiting for this pump, managed...
An excellent short entry at 9,500 with a stop loss of 1.5%. Take profit is the pink line. The profit ratio will slowly degrade, though the probability is decent.
IF YOU THINK THE FED IS GOING TO LOWER RATES ?? THEY ARE NOT
BTC currently completed a 3 drive to a top, with FIB symmetry. Whilst also being in the middle of a a Right Angled Ascending Broadening Wedge, talk about fuckery. The bearish side of the wedge is, if price fails to reach the upper trend line, it's a big indication that price has topped, price should come back and test the lower support line, bounce, retest the...
short sweet simple double top, not too greedy with TP.
I disagree with my colleagues regarding further downward BTC movement. Personally, I do not see enough arguments for this, but rather the opposite: a strong bullish trend, market maker accumulation for the desire of the crowd to sell, an increase in the number of shorts and also what is important - fixing positions by ordinary traders (see VSA). MACD...
Awaiting candle close confirmation for a break of Diamond Top Pattern
WAVE 1 OF 3 HAS ENDED THIS MORNING AT .786 THE ALT IS THAT WAVE X HAS ENDED WE SHOULD SEE A BEAR PHASE TO START AS OF THIS POST
Amazon bounced off of support, after falling quickly at a steep Angle of Descent™, and the bounce has not reversed the trend. Support is weaker due to candlestick formations.
What's coin on guys? A couple of indicators are pointing LTC correction is on the way. 1. Price action combined with fibs has gotten LTC right in the golden pocket of previous range (61.8 – 65%) 2. Daily RSI bear div 3. Daily histogram bear div 4. Volume div 5. Top of the raising channel resistance 6. Rising wedge 7. BTC NVT still burnin' red 8. Market sentiment...