semi hidden bull div in red arrows, give a measured move target of $64 to $68. im leaning towards a $64 to $66 target since that would keep it inside the purple trendline. daily macd about to cross up as well.
time fibs coming up in mid june. lower time frames would need to confirm a local top when we get ...
vol gap in visible range has POC (point of control) at 226
for yesterdays pump from the bottom of 214 to 240, the POC is also 225.
you can see the high level support rejection from the horizontal green lines. gonna be tough getting much lower than 221 imo. unless it does what it did last weekend.
close shorts ...
elliot wave projections for the top are in the red boxes.
targets of $61 to $72. I wouldn't even think about shorting this until it hits $61. After that I'd look at lower time frames weekly and daily for bear divs.
the bears will make a lot of money shorting this once it tops out.
bitcoin will die in 64 hrs.
fractals are drawn below the price bars. note how similar the price structure is between april 13th to present and from march 24th to april 5th.
previously we hit local bottom on march 24th, consolidated sideways for 7days, then pumped. the same thing happened this week. it's ...
we're heading down for some form of wave B or THE wave B. ill close my short hedge there in the green box. those are time/price target zones. Maybe wait for indicators to align and go long for a scalp.
my major play is to look for shorts once we start bouncing up. another 12-36hrs of sideways/down for now.
compare the moves in june 2014 and our latest leg up. (yellow fractal)
the moves preceding it are very similar as well. same hidden bull div. rsi levels were similar.
compare the action in the red fractals. so if our local bottom at $249 bitstamp holds, then we know what is likely to happen.
should look at ...
hidden bullish div forming on daily but is not confirmed yet. we currently have higher low in price and lower low in rsi/macd. the measured move provides a price target of $318. which fits in line with one of my longer time frame weekly log charts. price projection/fractal in red.
we can also backtest the ...
just monitoring my short from earlier. interesting how bull divs turn into hidden bear divs. it probably means that the resistance is too tough to break.
once the 1h macd histo and rsi is fully recharged. we will drop it like it's hot.
testing an elliot wave pattern for a short entry. the light red box is the time target of 50-100% of wave a for completion of wave b. price is ote short in 50-78% retracement in price.
i have the optimal time zone just in the solid red box but it can be larger red box as well. i wont begin shorting until we've ...
weekly hidden bear div in green.
i expect there to be lower high in price and higher high in rsi.
these are very powerful. the only way it can be canceled is if we can sustainably break $453.
i wont be betting on that. also keep an eye on weekly rsi if it can close above 50, which is very bullish. i also dont ...