This rally looks sexy but be careful of the scenario above (dump from 71-79% area)
Bulls need to get a move on if we're going to make this happen. Otherwise, look out below! I still think we can see 3800 area as in my previous analysis, was not expecting momentum to drop off so quickly. But, technically speaking, this still looks bullish until we drop through the 100% retracement zone. Good luck =)
Price reaching for the next buy stops zone. Look to short near 3900 and we come back down
Short 5333 Target 4650 area Take profit 4850
It seems with this last move we have surpassed the 79% retrace of the bull run. Is the end near?! No one can say, but I think it is soon! With all this manipulation, it's hard to keep in mind that Crypto is the cash cow for many and all this talk of death makes me smile :) Something else to note, capitulation began shortly after entering the .618 reversal...
This to me looks like the first sign of true capitulation! Heavy buy volume found on the Daily here for the first time, in a long time - since November 2017 ETH has limited downside potential at this point but I think $50 can be reached if Bitcoin shows another strong leg down. IF you have the capital, and faith, I think now is the time to start accumulating...
REJECTED THE 79% RETRACE TRADE IS ACTIVE 4020 - 4040 MORE ORDERS UP TO 4080 SL 4200 T1 3800 T2 3633 BE CAREFUL SHORTS HIGH SHORT SQUEEZE SOON USE PROPER RISK MANAGEMENT
MY TRADE PLAN: SHORT 4150 CLOSE 3650 LONG 3600
FLAWLESS BEARISH GARTLEY PLAYING OUT TOOK PROFITS 3875 LOOK FOR TARGET 2 @ THE 1.272 $3333 WHICH IS ALSO THE 2.618 EXT FROM SEPTEMBER'S DROP BOUNCES HERE ARE FOR SELLING UNLESS 4250 IS BROKEN AGAIN ULTIMATE BOTTOM POSSIBILITY IS $3222 WHICH IS THE XA WAVE EXT OF COURSE LOWER IS ALWAYS A POSSIBILITY STAY SAFE GOOD LUCK
Trading and TA have been difficult lately. With big market players such as BitMEX and Bitmain taking sides, the nonsense with BCash (oh irony), and weak market sentiment, making a case for the bullish scenario has been difficult. Here are two things I'm looking at for the upcoming weeks. I would have loved to see bitcoin break out above 7k but it's clear we aren't...
Took a bit longer than expected, but we have some great buy signals here, I think 8700 sats can be targeted safely now. Good luck traders!
We could see a nice move from a breakout here. Entries and stops are clearly defined. In the unlikely event we go down it would be a nice short as well.
Good spot to enter/add to longs soon
Coinbase listing probable. Short term targeting 1500+ sats
Here is an updated IH&S I was looking at a few days ago, it looks like it stands a good chance of being completed. Fear not friends, this bear market may soon be over. The green 0.618 zone is from the 01 Aug - Dec 20 bull run, we are just now entering that area, as well as the 2.618 time zone from our last wave down. Trade is active, more buys all the way down...