BTC Roadmap - $7800 - $8570 - $7k
Updated
Ummm. I called the top on this thing. At where? $9900? Is that when I recommended to take profit? Serious questions, i don't remember exactly. And then I called this fall? I honestly can't remember if I posted this specific chart on one of my posts or not. But I know i put it on my twitter (@cryptoeball) a day or two ago. This has been the roadmap I've been using for the couple past days. It's been following this chart perfectly. Everything so far has been expected.
All you guys understand all the indicators and why everything is dropping right now. But I'll post on this one from now on with all the updates. I think I just wanted another post.
If you don't understand where I got or am getting these conclusions. Check out the related articles. They explain everything.
Target 1 - $7800.
Target 2 - $8570
Target 3 - Low 7k area
Uhhh... I think thats it. Yeah. Enjoy the day and don't get wrecked. Probably not a good idea to go long for a SWING position until $7850 or so. My tweets will seriously help. I tweet advice, market knowledge and short-term updates. Been killing it.
Stick with this post. I'll still update when major moves are made or if anything changes up. UPDATES ARE IMPORTANT. DONT JUST LOOK AT THE ORIGINAL POST AND ONLY GO OFF OF THAT. THE MARKET CAN CHANGE QUICKLY. But this is the most probable set up. :)
All you guys understand all the indicators and why everything is dropping right now. But I'll post on this one from now on with all the updates. I think I just wanted another post.
If you don't understand where I got or am getting these conclusions. Check out the related articles. They explain everything.
Target 1 - $7800.
Target 2 - $8570
Target 3 - Low 7k area
Uhhh... I think thats it. Yeah. Enjoy the day and don't get wrecked. Probably not a good idea to go long for a SWING position until $7850 or so. My tweets will seriously help. I tweet advice, market knowledge and short-term updates. Been killing it.
Stick with this post. I'll still update when major moves are made or if anything changes up. UPDATES ARE IMPORTANT. DONT JUST LOOK AT THE ORIGINAL POST AND ONLY GO OFF OF THAT. THE MARKET CAN CHANGE QUICKLY. But this is the most probable set up. :)
Note
I think I mentioned it, or at least you all have noticed. I have another set up of indicators. The Williams %R, OBV and Ichimoku clouds. Using those in combination with volume, EMA, Stoch RSI, RSI and MACD have been multiplying my trading by tenfold. I've just been studying a lot of different trading techniques lately and the more the merrier! Here's mainly what I use each one for:
RSI - Bearish/Bullish Divergences & Sentiment guages
Stoch RSI - Possible pullback or reversal points
MACD - Change of trend w/ Bearish/Bullish Divergences
Volume - Trend Strength
Williams %R - Trend momentum
OBV - Trend Strength w/ Bearish & Bullish Divergence + Trend lines
EMAs - Resistances and Supports + Swing Trading strategy & Trend momentum
Ichimoku Cloud - Support & Resistance
And of course elliot wave counting.
I'm about to start studying and looking into TD sequential candle counts and adding that in, as it should help fit in with elliot wave analysis. I'm just working on my game so I can get better at this stuff. Wanted to let you all know what I'm using and what I'm using it for!
Also, I'm still working on educational posts. The risk management post will come next week.
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One last thing. Be careful right here. I think we break down. But I cant tell if this is a re-distribution phase or an accumulation phase. It can break either way.
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Still in the triangle. Adjusted the top a bit for the possible C/B wave. Honestly. I'm in a short right now. But I have a wideeee stop loss. Just looking to add if it goes the wrong way. Its honestly a terrible risk to reward set up that I have. But the probability of success is like 80-90% so I dont care.Note
Still targeting $7800Note
twitter.com/cryptoeball/status/995735944908197888?s=21Here’s a link to the updated chart. Sorry I forgot to post it on here, but i am on the road and didn’t want to leave you all hanging. I will post it on here when i get home. $7800 is still target 1.
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PLEASE SEE THIS UPDATE. Okay so here is the updated look. The targets are literally the exact same. But the layout is a little different
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Nothing has changed the $7800 YET. We still haven't broken resistance and have just climbed to the .5 fib lines. WHICH MAKES A TON OF SINCE. Wave 3 was a sharp abc that jumped up to the .328 fib retrace. And wave 4 can be a flat abc that jumps up to the .5 fib retrace. Guideline of alternation people. Also notice the volume, it spiked liked this on wave 2 and everyone was ready to buy again. Also, the 3 hour MACD still hasn't rolled over... It's going to lose steam. This run is already losing steem. Please don't fomo.
I really just feel like this is a whale play and they're using the perfect story of "consensus is here so lets pump before we dump"... I can guarantee you all that after just 1 or 2 hours of consensus big institutions are NOT going to make the calls and buy in that fast. There is a big process before those decisions are made. Market moves are premeditated by larger players. Can we still go up? YES, but please trade with caution. And understand that the downtrend in no way has been broken yet.
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twitter.com/CryptoEBall/status/996103161495588864These are the alternate counts.. But guys, this correction completely looks incomplete to me. After waves 1 and 3 hit a 1 to 1 extension, the likelihood of wave 5 being truncated is very very slim.
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Hope you all didn't fomo at the top there... Patience is key. There is a chance that we could retest the top resistance of this bear flag again, but its not all that likely. The only way we break 9k is if we break that resistance. Just doesn't look likely.Note
See guys, that's why I said don't FOMO. Now, if you you're bullish this is where you'd go long if this support holds, and thats what patience would do for you. BUT, i'm bearish, and I think we break this support and then retest it as resistance.
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Everything going perfect. Remember when I said don't Fomo? Its important to wait for things to slow down a bit if you miss entry at a lower price. You never know what may happen. So far the wave count here is clearing up. In an extended 3rd! :D Get ready to go long guys! 7.8k is right around the corner. We're gonna head back up to 8.7k again :)
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You guys aren't letting these dips and bumps fool ya right? Also, don't pay attention to my wave count on here I literally just have numbers in random places lmao... Here are supports and resistances. Get the freaking longs readdyyyyyy
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I drew this up an hour or two ago. Going as planned
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thats the 3 minute wave count. Don't tell me you cant count waves in small time frames. (Disclaimer that this could be wrong as hell LMAO).Note
Also, press play on the original post. See that yellow dotted trendline? That's a tough SOB. Chance we may not fall below it again. If we do, possible buy.Note
There's a chance we go lower. But that drop looks like a B wave. Watch out for this possibility today
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lol
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That was such a great play by the whales there. Set up literally the same thing then dump. Gotta give it to them on that one. Well. overall progress is looking good! Headed to 7.8k. New post coming for a long position!Note
bada boom
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