We got a nice impulse leg yesterday and currently drawing in a flag pattern which usually results in a continuation of the direction of the impulse move.
BTC might be heading up from here and we are looking for longs once again.
long on break of flag or long in the golden pocket area.
btc is on a tear and seems unstoppable. Overall trend on all timeframes is obviously up so we are still looking for fresh longs.
Currently we have a flagging range which we need to break out of to start the test of the previous high made on the htf charts.
However we did not test previous resistance as support and I'm expecting a test of this resistance area...
BTC did a nice impulse up but failed to break the previous high. We are currently retracing and are near the golden pocket where I expect price to bounce.
We should monitor PA around the manage trade line.
Once we get past this resistance chances are very likely that we'll see a re-test of the previous high where the eventual end target for this trade is.
FTM broke the current downtrend and seems to have started it's uptrend.
Currently ranging just underneath resistance. We are waiting for a break out of the ranging channel (box) to go long.
Target as indicated on the chart.
We had a nice ride up and it looks like btc is finally entering a period of consolidation.
The overall htf trend is still up so we are still going to look for longs.
Our current area of interest is the golden pocket on the 1h chart. We will long in this area and start managing the trade when we hit the min. target level.
This setup will become invalid IF we make...
The target of our previous analysis was hit. Btc did a nice impulse up but is now stalling at a key resistance level.
However the trend is your friend and the trend is obviously still up, hence we are looking for longs.
We are waiting for a golden pocket retrace as indicated on the chart to long, since this would effectively be a break down from the pennant we...
BTC broke out of the ascending triangle from my previous analysis.
We currently see a possible double top on lower timeframes which could indicate we are about to test support before making new higher highs.
I'm looking to buy the golden pocket retrace and have my eyes set at the final target of 12844
A break-out of the double top resistance area would also be a...
Bitcoin made a nice impulse up since last analysis and is currently drawing in an ascending triangle (bullish pattern)
Eventhough an ascending triangle is a bullish pattern we always need to take a break-down into account.
break up from ascending triangle
- long on the break up
- target 12845
break down from ascending triangle
BTC is currently drawing in a bull flag after an impulse leg up. If we break the bull flag to the upside targets beyond 10k$ are within reach.
However we are also nearing the end of a full EW cycle which demands a retracement cycle to follow.
I'm currently looking to long a breakout of the bull flag to see an extended 5th wave If we however break down I'll be...
ONE is currently drawing in a bull flag after a impulse wave up.
looks like it's just started a new uptrend.
We go long after a confirmed break of the flag or at the uptrend line which falls on the 0.5 to 618 retracement fib of the entire impulse wave up.
Target = higher high.
ARDR had a nice impulsive move up and is currently retracing. I'm currently waiting for a retrace into the golden pocket of the impulse wave up.
We have a minimum target set at the 382 fib retracement line of the entire impulse wave up.
BTC currently broke the ltf downtrend but remains in a htf ascending triangle supported by a htf uptrend as well.
Unless we break out of the triangle to the downside I'm still leaning cautiously bullish short term and expect a re-test of the resistance area at the top of the ascending triangle.
A break of that resistance level would mean overall bullish...
BTC has been struggeling to pass the 9477 key resistance level.
however there is still a chance to go up some more and finally break that level if and only if we don't pass the bear finish line first.
We've currently entered the golden pocket of the entire wave structure and have seen a decent reaction. Key now is to break the ltf downtrend and test resistance...
We currently see a ltf downtrend, once the downtrend line breaks I expect a shockwave pattern to unfold in the box.
We go long if we break the box to the upside and place a stop underneath the box.
the setup invalidates if we leave the box to the downside.