Butterfly setting up nicely... C is formed and price is heading up to D at 1.272 ext. this will also be D of a larger Gartley pattern also bearish. Target is weekly pivot to the down side. As this is a leveraged trade, ensure you have a stop!
Looking for an uptrend wave, the accumulation of the last 24 hours should let the momentum go trough the resistance and continue the road to the bull market !
Have a nice day !
If Bitcoin can break trough the resistance at 8950 Euros we might see our final target which is 9600 Euros. If we find support above our target we might go higher. To be safe I would take a close look at the purple trendline if it breaks trough I would close my position as we might be going down again for a while.
In the next days this intersection should get resolved.
As it seems we are not anymore in a bubble (arguably I must say), price should go down to a new Fib. channel in up trend, probably up to 0.32 level, before to push up once more.
However, this step is highly sensitive to fundamentals, if fundamentals fails, we may fall back into descending channel to keep...
If price breaks outside the red triangle to the upside, go long. If price breaks below, go short. Wait for the bar to close to confirm the breakout and to avoid a fake.
Hi Folks, hope all good.
Here some analysis on BTC/EUR.
I do not know if I told you but I am not a big fan of Bitcoin, I rather find opportunities in other cryptos. Due to its "popularity" and high correlation with mostly all the coins out there, the whole crypto space has been going down, down and down... BUT the bearish phase has ended!
It was not surprising...
Did I have a plan to buy or sell at this price? Or am I reacting to the market? If you’re reacting, stop here.
Always have a plan for all contingencies. The Price is X. If it goes up to Y I’ll buy or sell, If it goes down to Z I’ll buy or sell.
Have fun.
Since the beginning of the year we have been in a very strong downtrend, but technically the trend has turned bullish on the 4H-Chart as soon as the Blue Structure level was violated after forming a Head & Shoulders.
Since the breakout the price has been in a strong upward movement until the RSI became extremely Oversold and on the next resistance in Green. Since...
What do you guys think? Will Bitcoin go down even further, or get support at the 200 day to go up to 9600 Euros after?
I must say I think after we reach 9600 Euros and fail to break trough the resistance we can go as low as around 2400 Euros. I guess history repeats itself if it fails to break trough.
I expect a retrace to 5911 in the next hours maybe more because of fear of going down and we'll stay sideways for a bit, i guess everyone is exausted.
The next hours are critical because bulls have to break the 200 ma wall on all timeframes especially 4 hr, we'll see !
I made this chart as a learning chart for spotting indicators that may tell us the direction better.
Let's begin.
1. So TD sequential shows that the TD sell countdown was successful on 4H chart, and should follow by 13 count candles (TD sell countdown) that are higher (close) that 2 candlesticks prior. This indicator is basically used to identify potential...
