2 Potential Gaps to be filled on the 1hr.
Did they make enough to bother coming back to fill?
Would like anyone else' opinion with history on futures, how often do these small gaps get closed? Is it likely?
BTC has seen Major moves worse than what we are currently experiencing before. We may be in for the worse yet.
If 3758 does hold, there are 3 more levels we may test these being ~ 3000, 1800, 1100.
We have seen the blue long term trend line break, another long term line to look for is the pink one drawn, this has bounces testing it from the prior 86% drop in...
So this is potentially the play we see unfold.
BTC 3 or 5 waves up to $7000-7500 (FIB and resistance level), putting in the B wave of an ABC correction, before we C wave down to $3000 to finish off the correction.
Not financial advice, just what I'm seeing. Do not listen to me!
BTC is above to fall on its ass as I see it.
H&S, ascending wedge, low volume : increasing price, still in daily down trend.
No time frame, but I think this will catch ppl off guard!
Not financial advice, and as always do not listen to anything I have just said, this is for my own personal fun.
Possible retest between 7000 - 7500 at very best for any sort of bullish situation.
Then a breakdown may see a retest of 5600 support. If BTC 5 waves down from 7000, fibs and previous support all indicate 3000.
Be careful out there peeps, this gon' get worse before it gets better!
This is never advice or financial advise, just personal entertainment.
Using simply 2 indicators, this is what I think we could be in for.
BTC has just finished the 5th wave of a correction. And BTC looks to be putting in the first wave of downtrend impulse.
If it is a 5 wave correction, I could see it going as low as $1.8k or if it is to be a 3 wave, ~$3k is possible.
Using strong prior support/resistance levels on the daily...
I think I may have underestimated the momentum of this bear market, taking a look at the chart again, the (A) wave in red could actually be the 3 wave correction from Ellitos wave and that would see the 3rd wave of the 5waves hit the 3k mark in 2-4weeks time (I guestimate, if not sooner). The white line is the faster approaching bear cycle down to 1.6k in cntrast...
Using simply some of elliots wave and prior resistance/support levels again, I have reevaluated and guestimated the very worst possible case scenario of 2018 for BTC. If shit goes sour, we could see BTC retesting $1600!
This is not financial advise! Don't listen to me!
Since every 2nd person online can be an expert, heres my take.
If we break out, i believe it will be bullish as show in green, using the previous support levels as resistance to end wave cycles.
If we break down from here.....well its gona be steep. I was being conservative with this bearish break down in red. I think theres a good chance we smash through 5880...
To further my claims from my last chart where it was brought to my attention the 6th of each month seems to show significant price action I ave now decided to see how Fibonacci ties in.
From the price rejection at the upper trend line to the lower trend line touch today, the 0.786 & 0.618 re-tracement lines almost coincide with my predicted resistance levels at...
Okay, so after reviewing some more ideas and information this morning, I have updated my chart - I know, my charts looking cluttered, but I am new to tradingview and unsure how to hide changes in the free version.
It has been brought to my attention that almost inline with the 60day cycle I pointed out in my last post, that on the 6th day of each month there...
Based on this amateur TA, I think we are may see a bounce off of either the 7058 or 7188 level - within this vicinity give or take. These seem to swing zones of support and resistance on prior waves, assuming we do not see a dump and my TA count for Elliott waves are correct; we should see a bounce within the next few days. The RSI is approaching 30 and...
This is my overall idea for Elliot's wave theory in regards to our current position on BTC to-date. This is my first time publishing and do not consider myself an expert in the theory (or crypto for that matter) nor do I consider this the correct method used to analyse with Elliot's wave. I use the theory simply as a guide based on previous movements to point me...