Decided better to be long at this point than short looking for this Shark Pattern. Targets as per chart looking forward to the New Moon! www.yourfxguide.com
"Buy the full moon and sell the new moon." ....good opportunity to see now since we have just had a Full Moon if this holds true with Bitcoin? By the way my chart is then wrong? New Moon 26th April 2017 GMT
Still from over the weekend managing to fight off bearish divergence but for how much longer?
Resisted no longer and went long with this renewed interest in this alternative coin. Expect it to follow Bitcoin for the immediate future namely in the upward direction i.e.not a hedge against the major coin!
Taking a breather now but still holding long position until sell signals activated! We hit the overbought on this TF but still more to go on longer time frames? Looking to trend on this Pitchfork Median for short term?
Getting sell signals, so sold my position for time being!
Looks as if bitcoin saved the best for the weekend again ....so targets circled on chart namely $1223 & $1300 to complete formation of the Bearish Shark Pattern?
From £930 + clear blue water ahead at least until £1060? Watch out for them sharks!
Which apex of fin is correct on an impulse wave .....story to be continued. Targets: - $1223 or $1300.
I am more inclined to believe this now than an imminent doom scenario? Bull market still intact with minor corrective moves! www.yourfxguide.com
Patterns being thrown at us fast and furious(Latest formation Bearish Shark?) and so since the hourly bear divergence was eaten tend to think the RSI has further to run on higher TF's. So started going long again with the prospect of this harmonic being played out? Targets as per chart, complete u-turn on less than a week ago!
Following the heroic climb to these levels maybe a change in direction?
Described as being an indecisive point in the market in an uptrend so bearish. Also reached targets on Bullish Butterfly and below 200 day EMA and the Ichimoku cloud so still have Diamond Top targets still in mind over the coming days or weeks?
May not play out this way but the pattern is strong so worth paying attention to in my opinion? Good simple RSI video which I am using.....https://www.youtube.com/watch?v=I_bumwyOxlg
It does n't make pleasant reading but don't worry bitcoin always does the opposite. Bull target : $1150 Bear Target : $794
Not perfect but watching to see if it plays out and watching volumes for breakout!