Near term Bitcoin likely to get some wings - Bullish Butterfly with initial target around 41k. Description of chart below: - yellow zone would complete butterfly harmonic, expect liftoff from there - green zone is initial 1.618 target range - red horizontal line is 3 standard dev. under the displacement of the proportional differences between 9 day s.m.a and...
Bullish Bat to complete new wave 2. Better entry point coming around 4416 (should materialize around 2pm today). Initial target modified to 4517 (slightly lower than the 4533 from last post); this likely wont materialize until tomorrow unless we get an EOD rally in the form of an explosive bounce off of 4416ish. Have a blessed day. Not Financial Advice.
Refer to chart for description contained within. No time for a novel, I'm buying SPY Apr 14 448 calls but this is not financial advice. Initial Target SPX 4533 (~SPY 452)
When I choose a side to trade I take a rather unconventional approach in theory - I trade on the side with the most sophisticated algos driving the market. We don't have access to those algos but we can track their "thumbprints." Check out why I'm personally bullish for the coming weeks: At the 15 minute interval we have wyckoff accumulation as the general...