WavePrinciple-Net

WavePrinciple-Net

As i noticed there's a new down trendline coming in, and it respected it twice. It may break it and go over, and moon. Or it could follow it and drop. I can see there was a bear flag before, and it's forming a new one. Who knows what's going to happen All i know, graphs are not 100% precise and no one can know this for sure. There's a reason 95% of traders...

WavePrinciple-Net

well i guess it's going up again, maybe. IT looks like ending a consolidation one more itme and now it's going up.

WavePrinciple-Net

Can someone check on this too? I see it's going down . Reversal time, it's changing the path and slowly we expect a drop. Small Divergence in MACD and RSI, and change of paths (Check trendlines) I could be wrong, but this is something worth sharing. Be alert, as it may happen.

WavePrinciple-Net

This is what i saw at 4H, outside the small view and this is something interesting... Maybe this what we are looking at is just a correction before another wave down. It could go up to the downtrend line, as a deep correction. Don't let this make you take a decision, it's just a chart and my perception. Not even myself follow it lol. Be alert of what it's doing. :)

WavePrinciple-Net

BTC is not as bullish anymore, i see it's struggling to go over 9k again. Maybe it's being rejected and it's gonna fall. Be alert!

WavePrinciple-Net

It looks too diagonal uptrend to be a flag... \ \ that is the shape of bull flag, // for bear (usually). This is to inclined to the top that I'm afraid it could bounce down any time. Beware of it, it may reverse.

WavePrinciple-Net

This is what can be perceived from the "outside" Be alert, as it's making it's way up through many waves. Expect more rises with a chance of falling (isn't this the -always-on-situation?) Best of trading for everyone.

WavePrinciple-Net

As i can see now, it's ABC is done, in that big Bull Flag. Let's see if it bounces back a little more before going up. If it fails, then it goes down. Let's see how it forms!

WavePrinciple-Net

My bet is it's not going up, and i can see a battle between massive people trying to take profit and a lot of Fear of Missing Out right now. RSI says it's overbought already and MACD is still in divergence. What's going to happen BTC? Up or Down?

WavePrinciple-Net

Is it going up? It's trying to break again, and failing multiple times. MACD and RSI tells us it's not going anywhere up, it's in divergence. What's going to happen?

WavePrinciple-Net

I've seen this before, and it looks like a drop. Look at convergence at RSI, and MACD. It tried to go up the trending line that comes from long ago... didn't go through it. It may retry anytime soon, but those indicators on RSI and MACD... Ok, buckle up. It's coming down for more waves now (ABC DONE)

WavePrinciple-Net

I can see that it failed to go up, and now it's reversing. also it touched the trend line and bounced down, and i see divergence in MACD. Let's see what it does.

WavePrinciple-Net

As i see other people saying "BTC is unexpected" and every day trader is losing money... Well, The more you practice TA, the more you understand you cannot predict this giant lol I have to admit, not even myself follow my own TA but still i do it. It's interesting. Right now, i see a bull flag, it has the shape and ABC done after 5 waves of elliot. Very visible...

WavePrinciple-Net

I already saw the 5th wave, but i don't know if it's in it's half way and still have road to drop more. Or maybe it has ended it's impulse.. now, it's making another bear flag. It may reversal from here and go up. Watch for the price movement. Watch the Trend Lines to check on confirmed breakouts (and beware false breakouts as in last flag, it bounced as bear...

WavePrinciple-Net Updated 

I wouldn't be so sure about bull now.. There is something else before it goes up, one last wave. One last consolidation. and then it may drop for the last time, hopefully and then go back up!

WavePrinciple-Net

I've being following this chart, so long very traceable. If this is correct, it will breakout down once more. Let's see what happens. MACD is not in divergence, RSI is not in oversold and the flag is being terminated. Watch out.

WavePrinciple-Net

It's not a professional or any financial advice. I'm just sharing what I see to anyone out there. Please comment if you see something interesting in it.

WavePrinciple-Net

This is what i see, and what i've been doing the last 5 days. For anyone following me, or someone who look at this... check the past marks. It's been doing it correctly and you can verify by visiting my profile. The trading academy I'm studying at, is really great! and i was skeptical at first.. as this is Crypto, supposed to be unpredictable. But Wave...