I still believe that we are in wave 4 and go down to wave 5, unless we break up $9,000
For conservative traders, I would highly recommend not to trade in grey area.
It is ok to wait for more information.
HOWEVER, you know I am greedy hehe
Even if we are not sure in 3rd wave in bullish trend or C wave in bearish trend, $8,620~$8,780 could be great to sell your bitcoin
(Of course I will put some short order at that level and set my stop loss at $8,800 or $9,000)
#1) bullish trend (3rd wave)
or
#2) bearish trend (4th wave)
I have three reasons to short at $6,820~$6,750 level
a)
0.786fib retrace of wave 3 is $8,620
b)
It is very difficult for me to do EW counting at blure box level. (It is really weird, unnatural)
But, as wave (V) can`t go longer than wave (III), it cannot go higher than $8,686 (or if you count $7,685 was top ot wave (III), the limit is $8,783)
c)
last time, we got rejected at $8,506 which was the R3 in 4hr pivot point
and if we look at daily base chart:
R3 is $8,665 and that is where I think most likely go down.
Do you remember my previous postings, 'from big player`s view' series?
If you have read that series, you know how I will react in this spot.
We have to focus on candle pattern from now to Aug 5th.
This is what I am waiting for:
If you don`t like conspiracy, please analyze it with ichimoku date.
27th ~ 28th of July was the latest important date in ichimoku.
Interestingly, it was same as CME expire (for every CME mothly expire date in 2018, btc moves 11~16% within 24hrs)
When is the next important date based on ichimoku system?
Answer: 5th~6th of Aug :)
GL guys
For conservative traders, I would highly recommend not to trade in grey area.
It is ok to wait for more information.
HOWEVER, you know I am greedy hehe
Even if we are not sure in 3rd wave in bullish trend or C wave in bearish trend, $8,620~$8,780 could be great to sell your bitcoin
(Of course I will put some short order at that level and set my stop loss at $8,800 or $9,000)
#1) bullish trend (3rd wave)
or
#2) bearish trend (4th wave)
I have three reasons to short at $6,820~$6,750 level
a)
0.786fib retrace of wave 3 is $8,620
b)
It is very difficult for me to do EW counting at blure box level. (It is really weird, unnatural)
But, as wave (V) can`t go longer than wave (III), it cannot go higher than $8,686 (or if you count $7,685 was top ot wave (III), the limit is $8,783)
c)
last time, we got rejected at $8,506 which was the R3 in 4hr pivot point
and if we look at daily base chart:
R3 is $8,665 and that is where I think most likely go down.
Do you remember my previous postings, 'from big player`s view' series?
If you have read that series, you know how I will react in this spot.
We have to focus on candle pattern from now to Aug 5th.
This is what I am waiting for:
If you don`t like conspiracy, please analyze it with ichimoku date.
27th ~ 28th of July was the latest important date in ichimoku.
Interestingly, it was same as CME expire (for every CME mothly expire date in 2018, btc moves 11~16% within 24hrs)
When is the next important date based on ichimoku system?
Answer: 5th~6th of Aug :)
GL guys
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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.
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.