Hey Everyone,
I am going to give you a potential BULLISH scenario not to be ignored... just yet...
My SUPER DUPER STRONG SUPPORT IS STILL INTACT RANGE $9,250-9,170
Now every time we have a small correction the crypto social media world turns doom and gloom double bottom $3,200, and I do not see this happening unless something totally disastrous happens.
It is my opinion that we are yet to complete 5 waves up - My case for this being a wave 4 retrace is here.
A typical 4th wave retrace of a 3rd wave is 0.5 FIB which is where we are holding right now. It is ALSO BASE 3 of the parabola.
If the parabola is measured from the previous correction we ascertain the axis of symmetry to give us the basis of the angle of the parabola and subsequent price action. You cannot just draw a line on the chart and call it a PARABOLA, the symmetry is measured from the previous decline.
en.wikipedia.org/wiki/Parabola
The angle of the parabolic rise must be applied by reflecting on the characteristics and movement of the decline. The distances are calculated to give the angle. The axis of symmetry will be reflected by the line BE (our current unbroken trend-line) Since BE is the tangent to the parabola at E, the same rise at this point will occur, hence a doubling effect (Taking us to potentially 28K) from the point of the arc of the parabola at E. (Base 3) This math applies to all points on the parabola, as is shown on the left side of the diagram. This is the reflective property from the previous corrective structure, which the angles rising will mimic.
To get our angle we need to go back to algebra (that thing you never thought you would need in high school math) f(x)=ax²+bx+c
this applied o our angles gives us our rise. In trading it can be done with numerous tools - Gann Square, Fib Circles, Fib Wedge or Pitch Fan.
Short term, we are going to see some sideways movement on BITCOIN with little to no direction, we have a trading range short term of $9,000 to $11,000. We have a high liquidity area in which we are going to see the whales at play, long wicks to either direction taking out STOP losses and creating liquidity for the whales and Market Makers to push BTC higher. This is short term pain for the smaller traders, and if you can hold on and not over margin or sit in spot, I believe you will see the long term gains. This will also cause mass confusion to the direction, which for a whale or market maker is the aim of the game and the easiest way to take you money when you over trade positions. Over trading is serious issue in regions like we are now and will be where many smaller traders will lose the majority of their capital.
If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns.
So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED!
And remember, there is NO RIGHT OR WRONG in trading - just money management!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize 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, that way you get updates as I post them.... :) <3
I am going to give you a potential BULLISH scenario not to be ignored... just yet...
My SUPER DUPER STRONG SUPPORT IS STILL INTACT RANGE $9,250-9,170
Now every time we have a small correction the crypto social media world turns doom and gloom double bottom $3,200, and I do not see this happening unless something totally disastrous happens.
It is my opinion that we are yet to complete 5 waves up - My case for this being a wave 4 retrace is here.
A typical 4th wave retrace of a 3rd wave is 0.5 FIB which is where we are holding right now. It is ALSO BASE 3 of the parabola.
If the parabola is measured from the previous correction we ascertain the axis of symmetry to give us the basis of the angle of the parabola and subsequent price action. You cannot just draw a line on the chart and call it a PARABOLA, the symmetry is measured from the previous decline.
en.wikipedia.org/wiki/Parabola
The angle of the parabolic rise must be applied by reflecting on the characteristics and movement of the decline. The distances are calculated to give the angle. The axis of symmetry will be reflected by the line BE (our current unbroken trend-line) Since BE is the tangent to the parabola at E, the same rise at this point will occur, hence a doubling effect (Taking us to potentially 28K) from the point of the arc of the parabola at E. (Base 3) This math applies to all points on the parabola, as is shown on the left side of the diagram. This is the reflective property from the previous corrective structure, which the angles rising will mimic.
To get our angle we need to go back to algebra (that thing you never thought you would need in high school math) f(x)=ax²+bx+c
this applied o our angles gives us our rise. In trading it can be done with numerous tools - Gann Square, Fib Circles, Fib Wedge or Pitch Fan.
Short term, we are going to see some sideways movement on BITCOIN with little to no direction, we have a trading range short term of $9,000 to $11,000. We have a high liquidity area in which we are going to see the whales at play, long wicks to either direction taking out STOP losses and creating liquidity for the whales and Market Makers to push BTC higher. This is short term pain for the smaller traders, and if you can hold on and not over margin or sit in spot, I believe you will see the long term gains. This will also cause mass confusion to the direction, which for a whale or market maker is the aim of the game and the easiest way to take you money when you over trade positions. Over trading is serious issue in regions like we are now and will be where many smaller traders will lose the majority of their capital.
If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns.
So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED!
And remember, there is NO RIGHT OR WRONG in trading - just money management!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize 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, that way you get updates as I post them.... :) <3
Note
Scenario 1Note
In this scenario the correction is complete and we are currently in the 2nd wave of the new impulse or 5th waveNote
Scenario 2Note
In this scenario we are in an extended 4th wave corrective pattern - this wave could rise between $11-12,000 depending on strength the X wave can turn at a lower point than shown. This pattern could take us lower to the high 8sNote
Moon chart from my new post is following pattern nicely We recently had the golden cross and MACD on the daily is bullish
Note
there are 2 possible scenarios both up - one where the channel we are in holds and continues to squeeze shorts to 11800 now - or we see a correction at 11200 to 10300-10400 rangeNote
range should read 11200-11400 apologies for errorNote
Nailed it ;) Note
BTC has broken the resistance higherI would like to see a possible retest to see we have support on the previous resistance here then take off again with the rocket
Not out of the woods just yet... So close though
Note
Shorters Beware... let the games begin...This is IMO a 4th wave:)
Note
Flag forming nicely here <3
Note
Long time no update :)Still on track - orange line is a long term resistance turned support
Note
Update as to where we are in pattern <3 Note
Lisa's Super Duper Support held! Tether Print! And back above previous support that had turned resistance!! And fingers crossed it now holds as support again 
❣️Lisa N Edwards❣️
TRADE MY SIGNALS
gettingstartedincrypto.com/
LISABOT.TRADE
TTMBOT.TRADE
thousandtomillions.com/
ALL MY LINKS linktr.ee/LisaNEdwards
TRADE MY SIGNALS
gettingstartedincrypto.com/
LISABOT.TRADE
TTMBOT.TRADE
thousandtomillions.com/
ALL MY LINKS linktr.ee/LisaNEdwards
Related publications
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.
❣️Lisa N Edwards❣️
TRADE MY SIGNALS
gettingstartedincrypto.com/
LISABOT.TRADE
TTMBOT.TRADE
thousandtomillions.com/
ALL MY LINKS linktr.ee/LisaNEdwards
TRADE MY SIGNALS
gettingstartedincrypto.com/
LISABOT.TRADE
TTMBOT.TRADE
thousandtomillions.com/
ALL MY LINKS linktr.ee/LisaNEdwards
Related publications
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.