greenrees

greenrees Updated 

My position: Short I will target 382 fib level. Not a financial advice, just an idea DYOR.

greenrees

NEOBTC is also creating a falling wedge, so expect a decent bounce from here. However, if BTC falls then next support zone is the 618 or 65 fib level i.e. at around 8.4 USD. Not a financial advice but I would ladder longs here. Happy trading!!!

greenrees

If the descending triangle breaks to the down. Target 1 is 0.5 fib level. It can go to 0.618 level with a wick. The long term trendline can act as a support.

greenrees Updated 

BTC trying to create an ascending triangle.

greenrees Updated 

Updated Rising wedge structure

greenrees Updated 

Neutral view. I am looking to open a short at around 4100 for a quick scalp at 618 retrace level of the previous high 4380. Can change the decision seeing the momentum and volume. Disclaimer: Not a financial advice.

greenrees Updated 

Retraced to 618 fib level. Creating a falling wedge which is bullish. A breakout possible but there is a strong resistance as a channel. Trade with caution and a tight stop loss. Not a financial advice, just an idea.

greenrees Updated 

Is this pattern familiar to anyone?

greenrees

It looks like BTC is in a channel

greenrees

The sudden drop of BTC was unexpected but 0.618 level was respected. Chances are that it can rise up to 0.382 level of the drop. Trade with caution.

greenrees Updated 

Bitcoin is making a bullish wedge. There is a major trendline support and 55 ema support. It may try to break upper resistance.

greenrees

Looks like BTC is consolidating and attempting to create a Descending triangle. Its better to lookout for a breakout before entering a trade.

greenrees Updated 

New channel formed.

greenrees

Channel respected

greenrees Updated 

If BTC continues retracing , then next target will be 0.618 level i.e. 7800. However if BTC gains momentum from here then target will be 11700.

greenrees Updated 

Buy range is 2700 - 2970 Target: 5200 70 - 80% Profit potential

greenrees

Next target $14500