I can see so many bearish analysis on Btc now, I come up with this idea. We've seen a parabolic drop and I think this is the last drop. BTC hit the trend line support and bounce up. If btc breaks this level 6700, I'll change my mind and short/sell Btc as it's more likely to see more dip towards 5500 - 5000. Elliot impulsive wave completed, corrective wave now I think
ETHUSD approaching the support at 154. Let's keep watching this level between 150 - 160 if Eth can hold this level I'll long Ethusd but if it breaks down the horizontal support, which is more likely to happen because Eth has touched and bounce back from this level in more than 3 times. It's well known that if a price keeps bounce back from an horizontal support...
ELLIOT IMPULSIVE WAVE 12345 TO BE COMPLETED, FOLLOW BY CORRECTIVE WAVE ABC. CONTINUATION PATTERN OF BEARISH RISING WEDGE, WAIT FOR BREAK OUT OF THE SUPPORT TREND TO TRADE SAFE,
ENTRY PRICE- 104.56 - 105.62
STOP LOSS- 107.62
TAKE PROFIT- USE THE SUPPORT HORIZONTAL LINES TO 92.48
Whenever the price crosses the moving up or down, in my anakysis I use chart of BTCUSD when the price crosses up the moving average on the 4H timeframe set Limit order to Long/Buy BTCUSD above the candlestick that pass through the moving average and set stop loss below it. I took my first profit at resistance of 12000 and rest when I saw confirmation of the...