Bitcoin has formed an ascending triangle after holding the 786 of a trend based fib I have on the chart. If we are able to break 6900 with conviction then 6800-6900 should hold as support, and I am targeting 7155 and 7320-7400. If bitcoin breaks down on 6k I am unsure if 5750 will hold again, and I think its more likely we see 5560-5460. Trade Safe!
We bounced off of long-term demand zone. We have liquidity pools above. Bullish.
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So supply zones have been pretty accurate in usage, we created tighter and tigher trading ranges. We bounced off of demand zone multiple times, and the trading range keep getting smaller until we create a true higher high, marking off the bull run.
As you can see, BTC is making a reversal as the chart indicates some bullish momentum. We can only play off of what the chart is telling us, we cannot predict the future. Currently Long, Stop losses are set and the trade is active.
BTC making moves today and we can take a nice little profit shorting it as it falls below neckline. I am overall bullish bitcoin but the I take opportunity trade whichever direction it moves. Please take a look at my repeating fractal idea to see where bitcoin will go in the coming week.
Didn't expect that recent move up, but at least i was sitting flat.. from this point one can only react.
Price is currently moving back towards $6800 resistance with increased buying volume after making a definitive higher low. Since we've already wicked up to this supply zone twice, in my opinion it won't take a lot of strength to finally break through a third ...
According to this Elliott wave count BTC has a potential to reach 7600 range.
For conformation we need a breakout above 6850 rang with a massive volume.
But this wave count is just one possibility of many.
Happy Hunting
Fala moçada!
Percebemos ao analisar o gráfico do XBTUSD no tempo gráfico H4 (quatro horas) que a partir de 13/07/2018 o BTC reverteu a tendência de baixa, com a formação de topos e fundos ascendentes. No entanto, a confirmação veio apenas em 15/07/2018 com o rompimento da linha de tendência de baixa (rosa), oferecendo uma ótima oportunidade de compra naquele ...
just now
With the last calls for long BTC i look for the points who can be trend change trigger.
for me the short main trend is still valid.
hope i am wrong on this since i invest on the value of BTC 5.40% to increase ,so, for now small long , and i will be ready for one more major short with lav' trade on bitmex.
This going to be interesting to follow.
what ...
Here's what I'd like to see for the Daddy Coin. Plan to buy heavily at first resistance zone and watch closely. Much lower chance we retrace all the way down to the lower buy zone, but if we get there, fill your bags.
Using the pitchfork tool and some reaction lines we are starting to show a possible bullish scenario due to volume and an elliot wave cycle. Will be looking for a retrace at these levels or just slightly above 6800. Keep and eye on 6200-6450 for possible long entries but wait to see how we react at those levels. There is also an Inverse Head and Shoulders pattern ...
People will think I am nuts haha.
My bias is bullish and I expect the next knock on 6.8k to take us straight to 8k.
That's where I think it will be a decent spot to hedge for a retrace. Will wait for PA to develop further to confirm this but this is what I am looking for.
Currently long from 62xx.
