One of the most powerful signal is those kind of candles, the higher the time-frame the better...so look after them and tell us your comments below!
Here you can see a real market example of a flag forming in bitcoin, usually market follows the previous trend when exiting the flag, so in this case we can say it will continue to the upside. Of course nothing is certain in TA, else we wouldn't be here, 2-3 good trades and you retire to Bahamas! ;)
Wave C must start soon so its gonna bring BTC to levels above 6500, confirmation is 6200 closing, you can start building longs now and pyramide above 6250 to be more sure. I warn you this doesn't mean lower levels wont follow, its just a corrective ABC pattern.
We are trying to apply the EW into the recent big move, starting from the ATH -0.47% , the last part we are is the trickiest as many scenarios are still open, please comment below if you have something to suggest
We are trying to apply the EW into the recent big move, starting from the ATH, the last part we are is the trickiest as many scenarios are still open, please comment below if you have something to suggest
After recent drop a relief rally towards $90 is expected soon
Bitcoin after recent massive drop shows signs of life. A solid BO of 6200 must occur in order to see 6700/800 again.
The short term price action implies we might see a correction higher, and then we will see. Stay tuned.
As we said 10 days ago, when everyone was expecting 6th June market to start a rally, this was not ment to happen! We said many times that if 7800 could not break then the only way was down to recent lows at least at 6.xxx. Now you see what happened...Today we are calling this dip a buying opportunity, even for 500-1000pts and will see. Stay tuned for more updates.
The zone $100-110 has been proven big support area for the coin, you can risk a trade there but only above $127 opens the way for higher levels. Stay tuned!
After massive recent drop, time for a correction higher, if 1.1740 breaks then next target is 1.19 area. Stay tuned!
Only above 588 the way opens to at least 100$ pop. Stay tuned!
Buy here, volume is huge last days, more than the total market cap. I believe this project have huge potential besides from short term gains. Stay tuned!
A BO above 0.62 is needed for the next move to 0.7 level. Stay tuned!
I will only have to say this update, as market never does what the majority believe, and know everyone believes that the rally has just started, I would say that another dip is imminent. This is also backed by the reason of the volumes are very very low, and usally no major trend start of ends with such a low volume! So even if a big upmove is undergoing, we need...
If you look this year in crypto, we can see that market turned direction exactly at the 6th of each month! Really this makes us wonder if trully there is a market manipulation or consipary, behind all that! Who knows, June 6th is coming to find out..! But remember, the 18+yrs of my professional trading experience teached me that usually market does the opposite...
Btc reacted upwards as excpected after the 7250 breakout...next resistance 7650-7700 zone