The Yellow Fractal dint playout as BTCUSD dipped before the proposed next wave.
BTC is bounced from the 6840 support and it looks like it is forming Elliott impulse wave structure. By applying Elliott wave theory and Fibonacci levels, this may be one of the possible scenarios. Mind that blue slopes resistance because it's an old and strong zone, so BTC may just fall back from there. But if BTC breaks it in my opinion that would be the...
BTCUSD is in last wave(C) correction zone. It can correct till 7000-present value(7300) yellow zone, before next wave impulse in either direction. If Trend-line holds then bullish scenario will be in play if 76-7700 zone is broken If Trend-line is broken then we go to the green zone and invalidates the bullish scenario.
Bitcoin continues its downtrend from last few days and now people starts panicking, is the bull run over ? are we going down to 4k ? should I sell and cut my losses ? and so on. There are many types of trader in the market- day traders, swing traders, scalpers, bulls and bears. They look at different time frames and form an opinion about the current trend and...
BTC is at 7710 resistance again. So be active and keep looking for a breakout above this level. If a candle successfully open and close above this resistance then most of the traders will assume that the retracement is over and BTC is going to make another wave up. Also 4 hr MACD looks good and ready for a positive cross. However keep in mind that this bounce is...
Bitcoin can form a possible inverse head and shoulders scenario (Bullish scenario)
BTC is potentially forming a bullish pattern; Inverted head and shoulders.
If BTC breaks downward from this 4 hr RSI triangle it is possible that it could go to 8k range. but to be sure wait and see if there is going to be a retest of this level. Happy Hunting
BTC is showing some bullish patterns; the ascending trianlge and the fractal shown with the purple rectangle. According to my elliot wave count btc is in wave 5 and is ripe for an abc correction. Lets see what happens.
Bitcoin has finished the 5th wave and is now ripe for an ABC correction before further bullish movement.
Actually in a long position waiting for the pullback. Will short when btc will hit 38.2 Fib's retracement, to the bottom of the range. ;-)
Look at this beautifull bearish flag pattern that happend today. I think we'll break resistances over resistances. Opened a short @6380, stop @6532. Targets are mentionned in the chart. Bitmex, here I am !
Good morning, traders. After a bit of a boring night, Bitcoin has decided to move this morning. At this point, price has stopped just shy of yesterday's high. As I discussed during last night's stream, there was a possibility for price to have one more leg up toward the $6900-$7000 area. This may be playing out at the moment as we have seen price breach...
Good morning, traders. After a bit of a boring night, Bitcoin has decided to move this morning. At this point, price has stopped just shy of yesterday's high. As I discussed during last night's stream, there was a possibility for price to have one more leg up toward the $6900-$7000 area. This may be playing out at the moment as we have seen price breach...
Dear all, A quick update on BTC on the short term. BRC is currently trading tighter and tighter in the apex of a symmetrical triangle. A indecision pattern of choice. 2 main supports and resistance on breakout: - UPWARD --> $6,800 - DOWNWARD --> $6,100 to $5,900 If you bought at $6,100, tighten your Stop Loss / If you are in fiat, wait for...
BTC did exactly as my analysis predicted - we have traced the right side of the H&S and will need to go a bit lower before the current pattern is done. Many if you probably bought some BTC between 7500 and 7600 - its been banding between these prices for a large part of the pattern. This is not a bad long position price. If you have been patiently waiting for...