Hey guys on the right most side of the a Inverted BTC chart So far we've seen a nasty SFP and a double top bears really painted this nicely If this plays out we could see Price visiting range lows PS i have cancelled most of my buy orders for now on cryptos and remain tethered CHeers
Most bears see this as a rising wedge but as you all know during the bull market of 2017 these patterns tend to break out at a high strike rate Good long here at low leverage stop below red tp 9k USD (CME ) gap lets gooo
Hey guys whats up heres a bitcoin update it seems that the markets have been holding fairly well despite the shakeouts so here is the bullish scenario from an Elliot wave standpoint current price maybe developing the fifth wave of (iii) with short term targets up to 7.7k For the bearish perspective wave (x) may still be developing in a form of a triangle for the...
wave iii of (iii) should be well under way interim targets up to 220-230 Invalidation below red level happy trading! leave a like if this post helped you . I truly appreciate it!
SHould be a good zone here to buy spot without margin if this pattern plays out we should see 0.22 at a minimum Invalidation below red
hey whats up everyone hope yall having a great day it appears that the sell off continues for the US indices as people flock to the dollar to survive the lockdowns as small businesses close from an elliot wave perspective price may be developing wave iii of this extended fifth wave with targets up to 1700 at a minimum before we see any sign of relief Bitcoin on...
seems that the market has changed ever since we dropped to 3.5k Before SPX and Bitcoin were had positive correlation after we dropped to 3.5k however bitcoin managed to stay strong and rally to 5300 up til 6400 now whereas S&P500 kept crashing when the markets opened would be funny it bitcoin became the actual safe haven/ hedge during this crisis lets see
if correction is over then we should see BTC following dash lets see
i think the correction is done and we should be moving higher imo
Hey guys good day here is an update for the S&P 500 about three months ago before all of this mess happened i published an idea where we could be topping in our current economy Things have turned out to be true ever since and economies crashed globally My thesis remains the same however altho there are decent bullish arguements that we may have one more leg up...
Theres a decent chance for growth from current prices if we are working on the framework of leading initials(wave (i)) Alternative count would perhaps include a three drives pattern completing the terminal fifth wave Either way i can only recommend buying this dip as the RR for longs are very decent
we are currently working under the hypothesis that wave (v) of (1) is still underway as we have just met the minimum requirements for wave (iv) correction during last weeks dump to the 0.382 fibonnaci Alternative option would be the complication of the correction where current impulse will fail upon the retest of the 0.618 algo
Here is the bullish thesis for bitcoin if you have a bullish bias unlike me a beartard then this zone would be a good area to add on longs or better you want to be safe upon the break of the descending blue channel . targeting the highs of 2019 or at 9.2k or pyschological 10k region LETS GOOOOOOO
ZRX chart looks like the Link chart over a year ago before link started trending to historical highs If the fractal follows then we can expect $1+ at a minimum for ZRX
This is my take on ETH i think this will fall with bitcoin when everyone is expecting a triangle to play out(even me) First area of interest will be at the 0.5 fib around 190-200 USD
Hey guys whats up seems that the liquidity is drying up in all sectors of the market now with the corona virus spreading worldwide Chinese may be cutting off risky assets such as bitcoin inorder to survive as the economy tumbles from a technical standpoint a nice head and shoulders pattern has formed for wave ii of (c) you can try shorting here with a target of...
pretty self explanatory if you ask me . It hasnt really met the minimum targets for the correction see previous post
Don't really have a solid EW count atm but if this follows the fractal we could see a lot of fuckery and wild swings in between But Interested in looking for swing shorts atm