Notes to myself 4. I have a hard time distinguishing bull flags and Barts. Someone advised to look at the oscillator. So I did. It looks like a clear bullish divergence in Stoch RSI . It broke bottom trend line of the flag twice already (wave 4 diagonal - I count it may be in a wrong way, it works for me often though, so don't judge). What are the chances to...
Probably not a very popular idea at this moment as I see so many bulls are expecting a massive bull run. Let's see how it all works out. Ohh and I am back to the original count (diagonal triangle type 1), I do believe we had wave 4 and are in the 5th wave of a major corrective wave 4.. Also it seems like September 28th is an important date, whichever way BTC will...
I am not a pro, just brainstorming the possibilities and probabilities. On my previous chart: diagonal triangle type 1. Well...At this time, everybody is shorting, calling the bottom to be around the corner from 6k to 1.2k. Shorts are piling up. Everyone and their mother are expecting the breakdown of the price. It seems too easy. A contrarian would probably...
Calls are all over the place. From 6k to 1.2k to 0... How low the wedge will fall we will see pretty soon. I am just practicing my EW count. Looks like I was wrong and it wasn't diagonal triangle type 2, but it was diagonal triangle type 1. If so, there will be no significant bounce at this time (relative) and we are on the way down...Not an advice to anyone.
Finally got the count right I think. Let's see how this plays out.
Practicing my EW count. New version. Stay tuned :)
When conversion line cross down the base line under Ichimoku cloud (it is very thick above), it will be a strong sell signal...May be it's a good time to short. Decisions decisions... No crazy lines today, just plain clean chart :)))
Is it going to double top or just roll over that trend line? hm...
Looks like triangle inside of the triangle. I've seen wave 5 to go way beyond the trend line . Let's see if that would be the case. It looks like wave 1 of the huge triangle topped around 5k. We might just retest it and go up from there. It is definitely a significant psychological number and it aligns with Fibonacci Retracement.
Trying to work on this timing issue. Let's see if this works out.