This is basically the same previous idea for a Bull perspective, this time I put together some fine grained interpretation to how those target could get a hit. It's very risky to try to scalp this as is, but you can use risk management if you are fine with it. Don't take this interpretation strictly but traders always want to predict every detail so this is my shot.
Market is a dynamic living thing, so you need to adapt and adjust in order to remain relevant and accurate, so this is some adjustments to get a higher resolution prediction. BTC got to the 0.786 Fibonacci extension as planned and there is still the 1.0 at 6.5K which makes a double confirmation with our long standing inverse Fibonacci technique pointing to 0.0...
Following our previous Bear Fine Adjustments, this is the Bull version as promissed. BTC got to 0.768 Fibonacci and usually it's the final target where it may or not go to 1.0. For a Bullish perspective this ends here and a new Fibonacci point to bullish targets at 0.786 (9.1K) and 1.0 (9.6K) in the following 2 days. I have also highlighted a new support curve.
Bulls are buying at every single support and there is a lot of them so Bulls nor Bears will get an easy path. With Bears showing not so hungry the fight is wide open. This is also a very good spot for traders looking for middle to long term position trading. BTC faced another support curve and looks like everything could change now. As always I put everything on...
BTC pullback from the little impulse it got and now is on the verge to break down the green dashed support curve, by breaking it down 6.6/6.5K is the target, by going up a new inner wave 5, not elliot wave just zigzag wave, will start.
This update is about possible last impulse to complete 12345 wave pattern. Everything on Chart.
BTC just hit the all strong 0.236 Fibonacci retracement on 4H TF in order to always have a complete view and understanding of the possibilities this idea is a bit focused on how bulls could surprise and strike back as no one knows it can just start a wave 3 right now. So market can do some little consolidation and resume to target on 0.0 Fibonacci (6.6/6.5K) or...
BTC is not going down as expected neither going up. It is still on a range and Futures Settlement expiry for CBOE in 5 hours, coincountdown.live and the rest on 2 days, getjumbucks.com . On the previous expiration dates BTC operated on a range and maybe that's why expected wide swings are not happening. So this is a view for the next 2 days with the last down leg...
BTC is triangulating above 0.5 Fib and just below the 4H MA50 with the circle formation showing a huge bearish movement might happen on break down while a break up could make it cross the MA50 !
BTC got some unexpected strength and got above 9.5K and it is right now fighting to stay above it. This idea is a strategy plan FOR THE CASE it continues BULLish above 9.5K, going 10.K; 10.3K and so on. Not so far ago I saw the possibility of a double bottom after the double top and now after some zoom in and zoom out I got this perspective for a bullish run and...
LTC is on the middle of a triangulation with some huge resistence just above. If it breaks out the curve that send it back, it is going insanely bullish with first target on the green flag. In case it got rejected it going a lot more down.
Market is divided between bulls and bears which means it must triangulate somewhere before resuming some side. Bulls have mounted a pivot and successfully build a new intermediary high, now if it is just an ABC pullback market should resume bearish from here as the 1.618 Fib circle looks complete but It can also go for a 12345 pattern building a new higher high.
This is just to point attention that EOS completed a full cycle since the start of the crash. The cycle got broke down but it is back on track, if market pickup the bullish path there is a lot of potential here for it's next cycle. It can also make a bull trap and break down again so it is up to you. I am just sharing !
This is a bit more detailed study derived from "Draft I: Total Destruction" and "the very BIG picture". Bulls got killed in action after its ultimate support got broken and market is now mirroring the last leg when it got to 6K. I used the exact same non standard technique to get to 6K now in this study it is showing something between 6.6K and 6.5K depending on...
This is part of my "backstage" series with draft studies trying to cover possibilities for the market. It is just me thinking out loud so this is not a recommendation and not even a signal trade. I am sharing so it can help others to think with me, you may use it to do your own studies.
This is part of my "backstage" series with draft studies trying to cover possibilities for the market. It is just me thinking out loud so this is not a recommendation and not even a signal trade. I am sharing so it can help others to think with me, you may use it to do your own studies.
First impression after the crash show some bounce may occur, market are always returning to some intermediary mean. I have put two possible bounces, one more stronger than the other, so we can monitor where and if it is going there.
It is still too early, but there is a lot on history teaching the possibilities, to survive the market you need to have bull strategies, bear strategies and risk management without this you get broken fast because nobody have the power to know the future. So what is this analysis about? The 9.4K and 9.2K crossroad delimiter of the bull field and bear field and...