Organic growth seems nowhere in sight as BTC continues to make parabolic moves fuelled by questionable means. Some say the entire market is simulated and just being held up by Tether and Co. Rampant manipulation and wash trading keep Bitcoin a niche asset which is far from worldwide adoption.
Here is my analysis, you'll see the use of a Schiff Pitchfork and...
BTCUSD has just had another fall from yearly all time highs, looking for a move to 6500 area soon enough.
Price has completed 5 waves up and is in the process of correction. Support/ Resistance areas have been determined by Fibonacci. I expect to close short at 7880.
Future updates are on the way, stay tuned! :D
I am ready for the buy-in of a lifetime on EOS.
I already own plenty and am looking to add to my hodl. Harmonically EOSUSD is bearish . Get ready to buy the bottom.
Make sure your risk management is on point, only you are responsible for your actions, the market is just doing its own vibration...
Believe me, each chart has a story to tell. Listen to it,observe the chart, it will reveal its secrets...
(Enjoy my charts as art, appreciate me as a trader, but do not perceive me as a financial manager, i do not take responsibility for your hard earned captial.)
The universe is conspiring in your favour always..
Bitcoin is in a Bearish Bat as I see it. Entered short at PRZ near point D.
Targets are 0.618 and 1.272 of CD leg.
As always, your risk management has to be on point. Make sure your stop is above point D at a distance that you're comfortable with.
Bearish Harmonic identified. Price reached 0.886 retracement and is likely to reverse now as it is at the Potential Reversal Zone.
Stops at 16.2 which would invalidate the harmonic and allow for more upward movement.
Please use appropriate risk management and position sizing.
Bearish harmonic spotted on USDCAD. Weak price action and lower highs. Entered short.
Targets are labelled.
Please use a stop loss and appropriate risk management.
Remember to always trade responsibly.
Good luck! :D This universe has no boundaries.
Let's surf the Waves on Bitcoin.
I've used harmonics, Elliot waves and ofcourse their corresponding fibs. All waves are labelled clearly. Classic impulsive 12345 with a corrective ABCDE for each wave. If we're wrong we place our stops tight. We take minium risk for maximum reward ;)
Enjoy traders ;)
This is another common harmonic pattern which can be used to great effect. The gartley has the following ratios
AB: The AB move should be approximately 61.8% of the XA size. BC: The BC move should then reverse the AB move. At the same time, the BC move should finish either on the 38.2% Fibonacci level, or on the 88.6% Fibonacci level of the prior AB leg.
Harmonics and sacred geometry are all around us. If we are perceptive enough, we are able to observe the laws of nature as it adheres to certain geometric and harmonic ratios while it performs it's beautiful expressions of matter and its interactions.
In trading too, price follows the most harmonious path possible. This is an example of one such tried and tested...
Bitcoin has potentially painted a Bullish Shark formation. Chart is simple with just the Ichimoku Cloud which tells the entire story as it is, plus the Relative Strength Index (RSI)
Quite an attractive target as well. After achieveing this target we will look to sell short down to lower levels to continue the carnage.
I expect this to happen in three impulse...
Bearish bat spotted on BITCOIN. Fib retrace levels are highlighted. 4HR RSI is overbought and Godmode indicates retrace is required. I expect a retrace to atleast 7700.will be looking to flip short and go Long as low as possible.
Glad to be a moderator of the best trading website on Earth. I'm here to do my best. Bitcoin is approaching main downtrend line from 20000. Here is my chart. I've labelled supports and resistances. This is gonna be one hell of a ride. Are you ready? :D
Bitcoin was the most amazing bubble in known human history, starting off from essentially $0 and topping out at $20000 with everybody and their grandmother trying to find the geek of the family to find out how to buy Bitcoin in exchange for shepherd's pie.
Can you say.....REKT? :D
Bitcoin surged on news of Chicago Mercantile Exchange CME introducing cash...