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Another signal give to our Premium Members !
Short BTC 7x leverage
Entry zone: 6660-6640
Target 1: 6600
Target 2: 6560
Target 3: 6498
Target 4: 6420
Target 5: 6350
ALL TARGETS REACHED for 30,6% profit !
OTE Retracement into 1 hour breaker
I share with you my analysis with elliot waves for Bitmex futures
this should be the bottom. once it reaches there it will bounce and form an inverse head and shoulder for a bullish pattern to the top trendline
looks like btc going down one last time to 6700 - 6800 region in the next few days before we start our climb to the moon.
ABCDE correction starting to play out from the 20k high
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btc just dropped hard and is trying to bounce back. if we can get a confirmation and breakout from this current resistance this is the possible play.
this should play out the next few hours.
if btc cant breakthrough theres a big possibility we are going down again and we might see 7200 as the next resistance
has BTC bottomed out? looks like it. oversold on all timeframes. bears got stopped by bulls on a very strong support area. 10k rejection from ABC stopped here and looks like the same scenario for the extended WXY wave from 8600 rejection.
going for a long on this on the rebound
looks like we are going down with two possible stops. 8100 for bottom of the abc correction. 7500 - 7700 for a bigger ABC
looks like B is flat and we will be forming an impulse wave down to get C. ill be on the C. happy hunting guys
looks like it will bounce at 8400 to 8500 then bottom out 8300 for an ABC correction and a complete 0.51 fib retracement.
our tight stop loss got hit and we are looking to short btc now.
looks like our previous wave counts were wrong and btc couldnt not push through 8600. this count has extended wave 3 and 5 and looks to have btc dropping with a big correction incoming. bearish divergence on the macd , rsi , and volume
looks like btc is on a 33333 ABCDE sideway correction from wave 3 and needs to breakthrough 8600 regions. hoping the bulls make it this time
after rushing over the 1.618 trend line, btc has found resistance at the 2.618 and got rejected twice at the top of wave 3. bearish divergence all over the place from the volume to RSI and macd. rising wedges are forming and its been oversold for more than 4 hours now.
drop is incoming for wave 4 correction
btc looks to go one more leg up before a slight correction to 8200$ levels again.
target 8500 area
btc has one more leg down before a possible bounce at the 1.618 fib area. start laddering your orders on the bounce.
Does history repeat itself ?
bearish divergence on the RSI charts. lower volumes. rising wedges. looks like bulls are running out of steam. a retracement is very possible right now. dont fomo and buy. best to sit this one out and wait for further confirmation