MIGUEL_DA_TRADER

MIGUEL_DA_TRADER

Forming head and shoulders pattern that should be compleated in the next few days.

MIGUEL_DA_TRADER

First obtjectve 7.5636, width of the small up trend channel, exit with 50%. Second objective 8.9647 which is the 80% of the down trend channel.

MIGUEL_DA_TRADER

This trade will try to take advantage of the break out of the triangle which it's been forming for some time now. As usual in this kind of trade, we set our target a bit less than the height of the triangle. And guys please dont forget your stop loss.

MIGUEL_DA_TRADER

In my view, major pricebounces only happen on key fibo levels, you only have to adjust and find them on the charts. After a while checking them I think this is the most reasonable objetive to reach.

MIGUEL_DA_TRADER Updated 

It is scary how similar they are right? Is it because human behavior doesn't change?, and it is just what we invest in what really changes ?

MIGUEL_DA_TRADER

We are at the doors to figure out the confirmation of a M shape in price which can take it down again.

MIGUEL_DA_TRADER

We are approaching top of the current cycle. Combining Elliott's waves and Fibonacci retracement we can see the end of ATH is close. In this analysis, we can see how the same study is successfully applied in previous two cycles.

MIGUEL_DA_TRADER

I will be waiting for the Bitcoin in THAT zone.

MIGUEL_DA_TRADER

A fall to 61% is a must needed fall in order to price to define supports and keep rising in a reasonable way.