The start of May will be a bloodbath for BTC, the whales need to dump so get ready!!! Still heading up short term to the $9800 range before we are on our way down to $5680. We will be on track to retest the 19k area highs in July, Altcoins will perform better this year for sure, but without this big girls rebound we are SOL in any digital currency instrument....
Micro perspectives are less accurate than the Macro perspectives,like the one I posted earlier but I believe we will get to the same destination.It 's like the old saying of "There is more than one way to skin a cat."#BTC #ElliottWaves #bitcoin
Following down to trend line. Bearish cross on the Stoch RSI, 4h MACD warming up to cross (already has on 2h), bearish divergence on the RSI. Last rally failed to break a new high, and BTC is also looking shaky right now. Still bullish long time, but over the next couple days, I'm looking for a dip. *My Opinion - Not financial Advice*
I expect one last leg down to 8460 as an ABC correction, C wave could go down to 6500 but B was too extended for that to happen. We are also at the 0.236 all time high as a resistance. Also we have my beloved RSI bearish divergence. I will short this (3:1) wave down and enter a long position after. IF BTC BREAKS 9520, THE COUNT WILL BE INVALIDATED AND WE WILL BE...
At the moment, the head with shoulders is drawn, the last wick, not at all understandable, I call the death of a short-haired, welcome to the hairdresser) i think you can fix another 30% You can find a top inside new at www.dabinside.com this platform the first
Using BITSTAMP BTC chart you can see a new clear support trend that has been created dating all the way back to mid July 2017. It has had 3 clean touches which has now validated this as support. The above picture represents an ABC (5-3-5 Zig Zag) correction spanning from the ATH of 19000 USD to the present price we are now forming a Diagonal Triangle Pattern. A...
this could be something like with callisto was, maybe little lower, but now is probably good entry to grab some profit in short time
BTC/USD on Coinbase seems to have formed a rising wedge with higher highs, but lower highs on the RSI. Samething with MACD....agrees with the rising wedge. A short entry with a target of 4% of over the next few hours I think could be some nice profit. Short entry @ COINBASE:BTCUSD & Target of 8,400. We'll monitor this as the day goes by.
The latest support and resistance shows the worst case scenario for the possibility of the massive sell off..
verry similliar movements on chart so we can trade it in short time but its also good project to hold it for a while :) still in good buy position
BTC price still hovering near the high of it's bull run from last Thursday on the 12th. We've had a break and hold above the yearly downtrend channel and created a bearish Flag pattern. If we look closely we can see price consolidating and failing to close higher and thus a 1hrly Head and Shoulders pattern has forming horizontally along the Bearish Flag...
After the last dump BTC has formed a bearflag which is visible on the 1,2,3 and 4 hour. It might take some time to play out, but could also provide a good short oppertunity. The target for the measured move is around 7.6k - and confirmation would be break of the triangle at around 8k. Also, the daily RSI and Stochastics show a reversal in momentum, so I would...
Hello Patrons and guests! On this episode of the podcast, we dive into my thoughts on Bitcoin (BTC) and why I remain short even though I've sustained losses. Here's a bullet list for the readers: 1. The large move up was pure short squeeze. 2. Too much whipsaw and consolidation following the pump. 3. A simultaneous increase of 8% in short positions on Bitfinex...
So we had a great BTC pump, but now RSI is starting to top out in the 4hr with some room in the daily. I noticed a rising wedge so I a decided to chart and post. I see BTC reaching 8300-8400 then a dump. Too early to tell where the bounce will take place, but shorting 8300-8400 ought to be safe in my opinion. This is not financial advice, so take it with a grain...
So, yesterday my less probable thesis materialized - (''I also have my stop in place for my short trade in case we turn around sooner than expected which is also a possibility. I suspect many people are expecting similar thing so this alone might turn around the price sooner....'') and the main thesis (short squeeze below 6k- white arrows) is for now on the...
Yeah. I can see it happening next week. If we gain any momentum at all we will squeeze these late shorters. I am betting on a play to mid 7500+ with enough juice for an 8k profit point. Good luck. Manage risk. We were 4/4 last month on trades with a profit target of 3:1 or more. My analysis shows a strong probability of a short squeeze in the works.
On the daily chart the price is in a steady downtrend with recently formed bearish push signal. Our target - the C wave of upward Elliott waves cycle.