Rudcardinallo

Rudcardinallo Updated 

Yes it's a bearish pennant.

Rudcardinallo Updated 

Chart.

Rudcardinallo Updated 

Chart from 2016 BTC correction.

Rudcardinallo Updated 

Fibonacci target.

Rudcardinallo Updated 

All targets, are one way or another ARE confluence zones. For me this TEMPORARY reversal is perfect for a quick trade.

Rudcardinallo Updated 

Too tired, sorry for the lack of further explanation. Laddering targets = Chart.

Rudcardinallo Updated 

Chart. I would take profit @7.7k and 6.000-6400$ on the way back.

Rudcardinallo Updated 

And target is 5.7-5.8k

Rudcardinallo

Chart

Rudcardinallo

On previous analysis i've told you not to FoMO because it's target was 7.7k as swing high. Little bull trend is might still be there so be cautious for another leg up for 7.7k. Let's put this away and focus on real profit; There are two fibonacci levels which comes from the swing high and low extension. The chart explains it simply. Gl.

Rudcardinallo

It's only a retracement not a trend reversal. Highest this can go is 7.7K fib level and hard resistanece Which states a bull-trap and extreme retracement.

Rudcardinallo Updated 

Chart.

Rudcardinallo

Just fibonacci things.

Rudcardinallo

The idea behind this is the dip dates and their proportions. Chart explains itself.

Rudcardinallo

Chart.

Rudcardinallo

Chart. ABC = 4. Red Arrows.

Rudcardinallo

A "C" looking 4th wave ?

Rudcardinallo Updated 

High probability that this was the bounce and it is forming a sideways ABCDE in a triangle. Price action continues, still 2-3 trades i foresee as going both long and shorts between profitable. Be careful tho, remember 11.400 ? That's where bloody waterfall emerged. The same could happen again. Remember: This is a dead cat (RIP) and you are the frog in the...