Trend continuation after bearish divergence.
Bullish scenario, high probability
Corrected to 0.465, with hidden bullish divergence. (green line)
bearish scenario, lower probability
ABC correction, TP 0.360
Hi everyone, how’s everyone doing?
My current thoughts of the current KLCI.
1. I’ve been watching the KLCI for awhile now, and it seems like we’ve been in this falling wedge pattern for quite awhile now.
2. Writing this at August 5 2019, The chart is telling us that we’re heading for more downward action in the next few weeks.
3. My thoughts are that a...
Stop Loss at 489 satoshi for those who entered at a higher entry point.
Those who look to enter the market now are welcome to buy at 489 and a stop loss at 326 satoshi.
The R/R is 5:1
Sell targets are
1) 616 Sat
2) 706 Sat
3) 796 Sat
4) 1086 Sat
We might be at the end of an A-B-C correction.. (I could be wrong on this)
We refer to the chart above,
What we have here, are possible "Support" Zones for Bitcoin.
We have finally broken structure, as the previous support, now turned resistance of 6420.20 (refer red horizontal line). This level was tested twice in Feb and April.
Now, we move on to the next support level, that is the 5859 level, seeing as to how weak the current...
It seems that ADA/BTC has finally reached a bottom.
From the chart we can see a clear reversal trend indicated by the 'hammer' candle.
By applying Fibonacci extensions, the targets for this trade are:
1) 2563 Sats
2) 2958 Sats
3) 3280 Sats
4) 3994 Sats
5) 4543 Sats
This is just my opinion and not a trading advise.
Here in the daily chart,
We can see that the MACD is about to cross over, the selling volume has already begun to flatten off, signalling an increase in buying volume.
On the Stoch RSI, we can see an increase in RSI.
In the next few days, I believe BTC will try to hit the 7400 mark.