Presents Short-term opportunity?
Have trades for both bulls and bears =) Thank you all for sharing BTW.
Case 1:
Case 2:
Tip # 5: Fibonacci retracement is between 0-1.00, Fibonacci "extension" is greater than 100% and less than 0.
Please like and follow so I can continue analyzing chart patterns/ data. Thank you in advance =)
-Follow_the_money
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Watch this other trade play out =)
Text shown in the chart details my thoughts on current trend/ pattern analysis.
Bitcoin bounced sharply off long-term level of support. The symmetry within the #currency is beautiful.
Pattern suggest that the triangle filled with pink will be the range of support and resistance for now.
From a long term perspective, looking for break of this $11,800 (current resistance) for potential move back to $12,500. Then looking for short
opportunity to ride wave 3 down =)
** Like and follow my money moves with stocks and crypto +)
-Follow_the_money
Disclosure: Thoughts expressed on this chart are my own. I may buy/ sell within the next 72 hours. This is not a note to buy or sell. Please do your homework before investing.
Case 1:
- Test/ break above triangle can signify move to $12,000. trigger set for potential breakout.
- However, I would be watching carefully for potential double top at $12,987-$13,000 at this point.
Case 2:
- Move below white line, good short-swing position.
- Move below green line #short target reached.
- Historical volume suggests potential incoming increased selling.
- However, as pattern suggests, when #Bitcoin dips new $ has come in =)
Tip # 5: Fibonacci retracement is between 0-1.00, Fibonacci "extension" is greater than 100% and less than 0.
Please like and follow so I can continue analyzing chart patterns/ data. Thank you in advance =)
-Follow_the_money
//------------------------------------------------------------------------------------------------------------
Watch this other trade play out =)
Text shown in the chart details my thoughts on current trend/ pattern analysis.
Bitcoin bounced sharply off long-term level of support. The symmetry within the #currency is beautiful.
Pattern suggest that the triangle filled with pink will be the range of support and resistance for now.
From a long term perspective, looking for break of this $11,800 (current resistance) for potential move back to $12,500. Then looking for short
opportunity to ride wave 3 down =)
** Like and follow my money moves with stocks and crypto +)
-Follow_the_money
Disclosure: Thoughts expressed on this chart are my own. I may buy/ sell within the next 72 hours. This is not a note to buy or sell. Please do your homework before investing.
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