Two scenarios first is explained on the chat,
the second short scenario would be a clear break of that consolidation zone and trend line
bias this week is bearish because of the weekly doji and weakening euro since the start of 2019
risk reward ratio is nice, 14ema is below 50ema on 1h tf confluence with the short bias
why i expect it to go up first is because...
Bullish Elliott wave count for BTCUSD (Coinbase)
It's time for Bitcoin to show strength if price has bottomed.
Price movement shows right now a wave 4 back to lesser degree wave 4 in .... wave 3 in a typical Ness Elliott described trend channel.
Invalidation point for this count is on chart.
I'm long with a stop 1 cent under invalidation point.
Happy Trading!
Bullish Elliott wave count for BTCUSD (Coinbase)
It's time for Bitcoin to show strength if price has bottomed.
Price movement shows right now a wave 4 of higher degree retracing back to lesser degree wave 4 (in .... wave 3)
in a typical Ness Elliott described trend channel.
Invalidation point for this count is on chart.
I'm long with a stop 1 cent under...
3 drive to a bottom
I see signs of a possible bottom coming in alt coins en block.
Litecoin could make a very powerful8 sign of a bottom by making this 3 drive to a bottom over the next couple of days.
I see the possibility highly likely. I over the next couple of days I will elaborate on this in comments underneath.
First of all we see Litecoin finding...
Bitcoin WEEK 22
I will in posts below go further into the Bitcoin analysis using the technical analysis toolbox.
Last week I stated covering the $BTCUSD trade. I will ahead pay special attention to this pair.
You will therefore find a variety of analysis' here.
Feel Free to drop a comment or chart and let's nail the trade like we did last week when Wave 3...
Running into resistance at middle of the the channel /USD
I will in posts below go further into Bitcoin.
This is only the beginning chart.
Best to your trading
WALLSTScalper.com
René
Irregular Barish Bat near completion.
Levels to watch for completion are two due to its irregularity but I see the 0.8662 levelas being the one price will react at.
Have to break trend line for initiating a short.
Best to your trading:
WallSTScalper.com
René
BTCUSD in a parabolic move
Where are we to look for a possible level for a short**
2227 is my level to look for a possible top for wave 3 in the wave up from wave minor 4.
It's too early to say where this parabolic move will end, but parabolic moves normally end with a sudden burst of the bubble.
One of the few Elliott Wave rules says: The 3rd wave can't be...
PRZ at 9.76
Target 1: 8.40ish
Target 2: 7.59ish
Have to take out the 8.50 handle for this pattern to play out.
We'll trade this pattern long to the PRZ zone being montering it and then trade it down for the target mentioned above.
$KALV is about to get in geometry balance This biotech company shows all indications on going higher. Just got above EMA100 on...
