Theres a possible Bear flag formed on BTC with a historical support now turned resistance. The S/R line has been important in the past as it was the retest that kicked off the last major bull run and also caused the spring in July when we broke below it. This is a word of caution as most peoe are looking at the pennant that has formed and the FOMO might kick. I...
HEy tradomanics,
looking at the previous price-action and momentum of BITCOIN we see a little bit of mixed signals and confusion.
The recent wash-out and so called "flash-crash" is usually a strong indication for stop-loss-fishing and so a very bullish sign.
All combined with an S/H/S-Pattern which should attract more sellers to save profits or to bet on...
Operator is washing people out those who stay condo and collect ticket ,one of the type operator washing people put it in your watch list buy on pullback !
THE FRACTAL IN TIME IS NEARING THE CYCLE LOW WATCH FOR A TOTAL BREAKDOWN INTO MY NEXT CYCLE LOW .Wave 3 down to 3/23 was a perfect 1.618 of wave 1 and waves 5 we be equal at .618 get ready
At press time, December gold futures are up moderately for the session trading above the 1210.0 handle. Make no mistake, this is a critical technical level. If we see another late day sell-off in bullion, a bearish washout may develop beneath Tuesday’s low (1205.8).
Here is the trade:
1)Entry: Sell 1205.7
2)Stop Loss: 1207.1
3)Profit Target: 1204.7
4) Risk vs...
