Seeing the bullish ascending triangle on the 15-min chart? Let's see if it worked out nicely as expected.
The golden bag I have drawn on the chart is where the fib level, previous resistance (now support), trend line and MA met. Lastly, it is starting to form the 4th wave after the long run of the 3rd wave. What are the chances the ether bounce from there? I see the odds will be on my side. Do you?
I am going to collect some coins around 618 fib retracement level, along with 100 MA 4H, and where the uptrend line meets. This should complete the 4th wave on the chart. If the drop is fast, the bounce could be strong. Hope this is working out.
Everytime BTCUSD retraces around 35%, it triples the price of reversal point (meaning 200% gain). Will it do the same once again? I would like to go long, but I will wait for a 10-15% retracement happen first.
As I circled in yellow, it popups up to me as a strong support for BTCUSD. The reasons are listed below: The fib retracement is right at .382. price had consolidated in that area before taking off higher trend line crosses at the same time Elliot wave No. 4 If that happens, it will be over 20% drop. If the drop with a speed, most likely it will bounce...
Looks like it found .618 fib retracement for temp bottom on 2H chart and forming a flag pattern. Let's see if it breaks out soon.
Call me crazy, but, is it going to complete this beautiful butterfly? Please reference the youtube video for how to identify Cypher pattern here: www.youtube.com Wish all of you - happy trading. I hope our patience will pay off.
BTC does its thing, again. Let's watch how it is going to conquer the wave 5 with an explosion. - this will have to based on all fundamental support in a positive way to attract FOMO :) Find an entry is a key to ride this wave up. it is possible to try and test the breakout level again. I am thinking to go long at the 4th wave. What are your thoughts?
BTC is consolidating, gather strength to move up (maybe), if it happens, the target would be around 3700. The closer the consolidation area close to the highest high, and forms high lows, plus good news (or no bad news) will make this possibility higher. As much as I love to get cheaper coins, we will still have to adjust ourselves to plan B. I think it helps me a...
The flag drawing says it all. It is amazing how fib projection matches with the height of the flag pole. I would enter a long position to add more coins if it dips below 3000. What are your thoughts?
If it completes the flag pattern, meaning it reaches fib retracement of 0.618 level, at the same time, meets the trend line (pink), it has the potential to reach fib projection of 1.27 level. The entry would be around the yellow circle area.
The drawing on the chart says it all. This analysis is based on the raising wedge pattern. www.babypips.com
Normally, we are considering the falling wedge pattern is bullish. See below link: stockcharts.com
The market will have corrections, but if the correction does not pass previous low (1800 level), we should see the continuation of the bull market for BTCUSD doing its 3rd (longest) wave.
We might be in the 3rd wave right now...and hitting 500 range in this year :) This is just another idea I have when looking at the chart zooming out.
It's too early to draw this I guess since it has no sign of being topped out, yet. For learning purpose, I put my artwork here. Reference video: www.youtube.com
Clearly, downtrend was disrupted....could it be testing previous low once more? I hope so. But no one knows. Watch close at trend line - if it touches the bottom side, I will consider entering a long position. (216-225). If that does not hold, we will see 180's. Simple? Who is with me?
The long term trend is HODLING. Get in for a long position at baby blue area could not be so bad.