Fate of Bitcoin will be determined soon.
Volatility has been decreasing and the range is getting tight.
Volume has been decreasing as well indicating a move shall be determined soon.
- Break and close above 6948 would indicate bullishness
- Need a catalyst to fuel the uptrend
- Break and close below 6130
Now we are in a very tight range...
Perfect mix signal for traders.
- ABC done
- Bear flag with a perfect retest
- Impulse wave 1 downwards
- Cloud bounce (first time in a very long time on 4hr with a cloud support)
- 4th wave done now going for a 5th wave
Tho it looks more bearish as compared to bullish from a TA perspective.
It seems like a perfect liquidity pool to trap...
ABC done. 5 wave upwards should be next (3 of the 5)
3 is usually the longest wave.
Strong pick up of volume and long wicks indicate that liquidity of seller at this level is dry and there is not many short sellers at this level.
Waiting for a break above 215 for confirmation.
Note this is counter trend trade, thus bears have the advantage on this.
Here is my Elliot wave count.
Seems like we are in for another strong leg up, it is quite hopeful and still a counter trend as EMA is still bearish.
However most profitable trades are mainly a contrarian approach
Volume has to pick up in order to show more signs of bullishness, not fond it is a Friday indicating closing of positions.
On the hourly showing signs of strength with price trading above 55 EMA and 100 EMA on the hourly.
Ichimoku cloud also shows a bullish tk recross indicating more pressure.
A key uptrend move will be a break above 305 + 200 EMA.
So far trend is still downwards and looking at longer term time frame once the break of the key level we can expect a panic selling.
Many support levels have been torn. Looking at past drops of 47% another 47% drop falls nicely at a nice support line.
That to me is my load the truck kind buy option to get a bounce
Entry: Layer orders below 306 (box)
TP: 359 (top channel)
Clear downtrend channel with a break down, looking to counter trend this for some upside and squeeze of shorts
Entry: Break above 363
Trying out a new strategy waiting for more confirmation on indicators and finding entry points.
Going to enter position later than the market but seeing if the win rate is higher.
Entry: Break above 414
Take Profit Target: 442
- Pattern ascending triangle
- Price support so far well on 406
There is a possibility of further downside and shall wait for break of either side to enter a trade.
- RSI level showing bullish divergence
Playing a bounce for a quick 6%!
Entry: Long above 1.85
TP: 2.21 or riding the trend!
- triple doji (rare bullish signal)
- Ending wave diagonal followed by impulse
- Wave 1 and 2 completed looking for a 3
- Company recently IPO-ed last year Q4 dropped 60%
- Development of Razer phone, RazerPay
- Recently share buyback was announced
- Company is...
Take Profit: 15.772
Taking a long bid here with
- bullish divergence on 1hr
- histogram tick on MACD showing a uptick
- mean reversion from EMA
At support area playing the first bounce.
Entry: 7389 - 7298
Take Profit: 7888
Back from holiday, short play went well. Now looking for an ABC setup and a quick bounce setup.
Looking to dip buy and buy into the panic selling.
Looking at support and resistance level and fib levels for reaction on various levels. Will monitor an adjust but so far that is the level I...
Entry: Break below 8388
Take Profit: 8086
- Bear divergence on hourly
- Double top on fib retracement (golden pocket)
Looking for a quick trade to get a retracement to the trend line break
ETF ETF ETF ETF!
Showing strong bullish momentum over the past few days for Bitcoin a lot of build up over ETF announcements.
In my opinion if ETF does not get approve many investors will be disappointed and you can see sell-off occur.
Currently 2 key resistance is in our way
- Down trend line
- Fib retracement Golden Pocket
It is still too...