Updated

BITCOIN... MOON OR DOOM?

Hey Everyone,

So just recently on twitter I did a poll regarding market direction/psychology to see what the general consensus amongst the traders and users of cryptocurrency was,

(INSERT LAW & ORDER... DUN DUN)
And these are the results...

BULL 34%
BEAR 32%
I HAVE NO IDEA 34%

So this is where we are right now, in a period of market indecision and the charts are reflecting this.

We have a few pivotal points we need to pass in order to move higher. We face huge resistance at
$7800
$8100
$9000
$9400
$10000 which we have failed to pass numerous times putting us in this sideways indecisive pattern.

And heading the other way our major supports are
$7200
$6850
$6400
$5950

So right now we have the flip a coin scenario and your best bet is for small trades within the wave trend -----> the trend is your friend!

Oh and before you all comment and say I am D4rkEnergY, I am not, but he is my business partner...

So for now... Safe and happy trading!

REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!

<3 Lisa

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like.... :) <3
Everyone likes it when a girl is on Top ;)

Note

A quick update,

I am looking for direction, and currently the waves are supported by ALL EMAS on the 45min chart, I like the 45 min chart as I believe I can get a better breakdown of wave information. It is possible by wave formation we could be in a Elliott Wave leading Diagonal Pattern. My targets from my previous chart 7800-8100 for this wave are still valid.

Note

EXCERPT about leading diagonals
The leading diagonal pattern is very similar to the ending one. It consists of five sub-waves, labeled 1-2-3-4-5. Its first wave is usually the longest, while the third wave cannot be the shortest among waves 1, 3 and 5, and waves 2 and 4 are always corrective. Waves 1 and 4 should overlap. There are, however, few notable exceptions. First, leading diagonals occur in the position of the first wave within a regular five-wave impulse or in the position of wave A of a simple zig-zag correction. Second, unlike ending diagonals, where each of the five waves is corrective in nature, the structure of the three motive waves of the leading diagonal – 1, 3 and 5 – can be corrective as well as impulsive.

Read more at: ewminteractive.com/recognize-leading-diagonal-pattern

with adjusting my waves if this is the pattern 7640 is our target.

Note

Leading Diagonal still in play target $7920 (range $7900-8100) updated 1-5 EW

Note

Heading for lower targets

Trend Line broken..... AGAIN.... next stop.... $6500.... if that is broken $6100
To me drop appears to be wave failure.... if shorting watch support levels for reversal, if waiting to go long, please wait and have patience for bounce

LisaNEdwards

❣️Lisa N Edwards❣️

TRADE MY SIGNALS
gettingstartedincrypto.com/
LISABOT.TRADE
TTMBOT.TRADE

thousandtomillions.com/

ALL MY LINKS linktr.ee/LisaNEdwards

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

LisaNEdwards

❣️Lisa N Edwards❣️

TRADE MY SIGNALS
gettingstartedincrypto.com/
LISABOT.TRADE
TTMBOT.TRADE

thousandtomillions.com/

ALL MY LINKS linktr.ee/LisaNEdwards

Also on: