Although 0.5 is not a per se level of Fibonacci, it is a very good level to watch. Chart BTCMXN Original levels placed in the following order: Level 0 @ 1399157.59 Level 1 @ 825350.38 Levels 0.236 and 0.382 already broken
BTCUSD has grown 65% since October 7th. That is immense growth, mostly fueled by PayPal. After breaking 17.2k, BTCUSD has not much BIG resistance left to ATH. Although, as we can see, there is a 3 touch bearish divergence. These play out very well on BTCUSD, although FOMO and hype is kicking in. Some type of correction will come soon. If the top...
Not breaking the downtrend triangle made over months. Not for now We can see the RSI is on overbought levels, and the Momentum is almost at sell. Im short, in short term waiting for a signal to buy at a lower level. We also can see a divergence on the RSI and the price downtrend.
This is a correction from the last post, hoping to see a breaking above for a price pump, if not, we will be seeing a downtrend till the down part of the triangle
Mis 2 escenarios de BITCOIN. En ambos casos a mediano plazo voy al alza, solo estoy en espera de confirmar si es triangulo (para que se de la ultima corrección) o si ya se va derechito al alza. Ya veremos..
To the moon, we are now in the perfect level tu buy and go all the way up. Our RSI is in our lower levels, overselling, 4H, so we must buy. We are also in a descending triangle, and riding the 5th Wave, Long therm, and 3rd wave medium
We can see a descending triangle formation. We expect to see a surge in prices when it breaks the triangle up, patiente
These are the 2 alternative results for the price these days. BEWARE
We are rn in the fifth wave, experiencing just a second minor correction. Expect to go down until 217k MXN. Then all the way up to 260k MXN.
We are going to 205k, you heard it first here. Then we are going up to the Elliot wave n.5 Just wait after the halving occurs
Analyzing fibonacci and last highs, the price will possibly have a correction to 205,000 MXN, creating the wave 4, then surgin onto wave 5 up above 270k MXN. This maybe after the halving passes.
BTCMXN is entering a trading range consolidation with potential of long position on the short term.
Vemos una cuña ascendente, esperemos que rompa hacia arriba, si no, podemos perder niveles.
You gotta go short with the bitcoins buddy, correction ahead. Then up again. See you $oon
A medida que los mercados continúan sintiendo la presión del brote del virus Corona junto con la mayor parte del mercado, Bitcoin continúa cayendo. Al observar el tiempo en el gráfico mensual corto, podemos ver que en este momento mantiene una línea de soporte de tendencia a largo plazo. Sin embargo, podemos ver un retroceso de fib annachi en el nivel 61.8 de 3300...
Price has been consolidating at 98,000 MXN for a while now, next stop 110,000 MXN (+5800 USD area) If true, nice 8% gain. Stop: 97,400
If buy/sell signals do not post on chart then use this alternative strategy