bottlenekdolfin

bottlenekdolfin

simple enough, MFI (or RSI or other oscillators) low on weekly, we're likely in a bearish market. Waiting for 27k for reversal based on Elliot Waves and Fibonacci retracement.

bottlenekdolfin

Think we're going back up close to 42k or so, then back down further. Waves are coming along decently

bottlenekdolfin

downward channel. heard word of 34.7k. idk, i think 30k downward channel. Stop loss at 39k. Short at 37k.

bottlenekdolfin

I'm seeing a decrease to 8.7k to 7.1k based on my trend lines. MFI is also low. I guess that halving will make us bullish sometime by next year, so if you want to buy because of halving it's not an awful time. If you are swing trading like me, a short will work for the next weeks.

bottlenekdolfin

Stop loss 264, target around 140

bottlenekdolfin

So we hit broke out of a sidewars wedge upward and then hit the larger wedge trend and bounced back down. I'm expecting a sell until we dip back down to something like 5k. It's still not a terrible time to buy with halving been completed, but we probably won't see a moon for another year. I'm just guesstimating from what I've read.

bottlenekdolfin

I'm theorizing a rising triangle with a short until 9k

bottlenekdolfin

i'm gonna try a short with a stop-loss at 9800. I'll pick a target later after I go to bed, maybe 5%

bottlenekdolfin

Low rish short, stoploss at 191

bottlenekdolfin

next support looks like 142. Bitcoin is already near a support trendline not sure if I could short here with a tight stop loss or not.

bottlenekdolfin

Both ETH and BTC are reaching a trend line that they can bounce down from, either by a lot of a little. There's an opportunity here for a tight stop loss short. Stoploss somewhere around 182. You could wait for the price to fall a few dollars to start momentum.

bottlenekdolfin

watch tomorrow to see if we break, or fake breakout

bottlenekdolfin

I'm going to go neutral on this because I current have a short bias. If we zoom out even further we might see an ascending wedge or a ascending triangle. We are approaching a bearish trend line though set from when we fell. Whether we break that trend line will dictate what direction we are going.

bottlenekdolfin

watch for this formation on the hourly

bottlenekdolfin

we can see the trendline, we've very well been traveling along it. I've heard calls for 5.6k or 5.4k. I could see that in time if we hold this downward trend support. I shorted from 6.5k. Right now I can't say what we'll do. I'll close half my short and stoploss the rest for now.

bottlenekdolfin

Not sure if we're still going lower or going to ride the trendline down or bounce upward later. Please leave a comment of your thoughts, if you would like.

bottlenekdolfin Updated 

lower high with a higher high on the mfi. short

bottlenekdolfin

if we drop back down to 6.5k i'm thinking to short until 5.8k. stoploss at 6.9k