I am starting to believe in this structure.
Hit Target X - $52,500 and Dropped to $49,000 as forecast and got some nice low margin entries as a result. This move is further evidence (see linked idea) to support the next move up to $54k (Target Y) over the next few days.
- trading next 48 hours : expecting the trend to be up with some chop on the way on the 4hr...
Fantastic trading opportunities if this develops and potential ALT run.
Post falling wedge I was analysing some historical charts I save on file (sad life ;) to forecast March and I noticed the structure resembles very closely the pattern outlined here on the 4hr. Typically I'd observe this after a deeper dip but the market is bullish and drops have been...
Circled is the retest of the break of the wedge which has completed and we are resuming up.
-- As I (as an amateur) understand it this is the most reliable entry point with stop below the wedge. I have a red line denoting resistance here at $47400ish so nothing is certain.
-- I noticed a few folk calling a break at the thin white line. I think this is fine...
Refreshing myself on the mechanics of a falling/descending wedge during breakout. As I have understood from some light reading the target is $55k for the move and the Descending Wedge is characterised by:
- Lower Lows, Lower Highs
- Divergence on RSI
- Drop and rise in volume
Benefits seem to be:
- Obvious pattern
- Decent risk-reward ratios
- Small stop-loss...
Not great support but I've taken some long trades at $43k. Although we are on the edge of BTC support with a drop to $37k downward momentum slowing.
- Bull Flag - divergence
- ALTS into their new year support
- This looks like a retest of the last ATH - Although this supports further downside but this would mean a break of the flag - this would be...
For me that is the end of the short effort / correction.
Formation could be a bear flag but looks like accumulation to me. Made some money but risk is to great to the downside.
Target for me is $53 and ALT run
After 3 weeks It looks like we are finally here? There is support at $47k and is a potential bounce point so the dip might be delayed by a few days / not happen - red arrow
IF the drop occurs here:
- MY TARGET: $37,900 / the stops behind the structure circled in pink. It is a stretch target as imao this is where the support really is - $41k looks too obvious...
I'm still waiting for a 3rd major dip. Ideal target is $1.5 but expecting $1.8 to hold.
- My forecast is for BTC to run up to just over $50/53k then down to $41k over the next few days.
Best of luck, Hard Forky
Waiting for $50k then 20% drop.
This week we have seen 2x dips as the market tries to shake off traders before the next move up. I've tweaked my analysis and I'm expecting a 3rd drop as target was not reached. Note that trend is indicative.
- My target has been $41k ($41,300)
- I suspected the 2nd dip might not reach target
- The $41k target remains but I see a...
Looks like shorts have been set at $55k. Expecting to dip targeting $41k - Support.
Dips have been less extreme from BTC recently so might not hit mark and only touch around recent low ($48k). Expecting it to sit around new low for a few hours before resumption up so no rush. Hoping ALTs sweat for a while and look for an entry.
A wildly aggressive idea.
Hopefully you were ready for today's shakeout. Normally I'm bullish but I identified this drop a few weeks ago based on fractals (If you believe in such things) - see my BTC ideas.
I'm expecting a retrace then deeper dip on BTC over the next 8+ hours. BTC could hit $41k.
TARGET = 0.0000044
The market is going to new highs so no panic, just good short term...
I'm not sure if anyone else seeing this potential path over the next week? Expecting BTC to hit $60k this weekend then sharp sell - forecast based on 2017 fractal.
- This is not 2017 of course but the pattern is almost identical.
- This is not a Top call - just a blip and possibly an opportunity. I'm more concerned about ALTS than BTC so I will be putting...
Quick sketch of SXPBTC key trends and resistance to navigate existing USD idea.
The Circled area looks like a retest before resumption after breakout. Heavy resistance at this stage, possibly requires a couple more touches before breakout but the upside is huge.
Apologies but I've only had 10 mins to build this but it looks pretty accurate depiction of the...
SXP is bullish, just breaking recent high. Just ran a quick FIB check and feeling out some upward trend lines (in white) - these are sketchy like the rest of this idea.
Final resistance that I see (not that this chart predicts the future).
$4 - Possible retrace
2x would be nice from here but further upside is definitely possible while BTC may...