C point maybe lower thats why this is not tradable yet. Instructions on chart. Thanks.
Well, after couple of busy weeks, I'm happy that I'm back! Seems as if seasonality is kicking in, and my previous bearish btc prediction may kick in even earlier than what I initially anticipated (in autumn, not the summer, but here we go!). Both of the charts are in great detail, so there isn't much to say. It's a very basic yet effective approach (do not like...
Long to 6400-6500 Short to 6000-5800 Long to 6800-7000 Short to 6400-...
Short to 6150 Long to 6550
Everything is on chart.
Possible Inv. Head&Shoulders. 1- Long : 7800 2 - Short : 7000 3- Long : 8600
This elliot wave seems quite in play. I didn’t spot it but have taken the chance to showcase some great signal being confirmed on each wave. My wave 5 pans out different to who mapped this before me (sorry I can’t remember you, and I think he got it from someone else too lol). I’ve kept was 5 stunted because it is face planting into two support lines and has...
If we cannot move below the A wave; this count will be proven wrong. Targets of 0.382 retracement of larger wave 1, and then 1:1 extension of wave A. Look for an entry point during the correction we will see after this impulse wave (the one that just formed) This is a healthy ABC correction, and RR is very nice. Leave a like if I helped! MACD also crossing on...
Bitcoin margin traders have been the primary cause of volatility, it would seem. What I see here is that for the most part, bears have much less impact on the market than the bulls (I would have thought the reverse!). True, a big bear paw helped knock BTC off the high horse, but the next day bulls started a path of self-destruction. This battle played out for a...
BTC/USD is currently trading inside a pitchfork and forming an ascending triangle, which might pop and go through $9000 resistance, up to $9200 to $9300 range. On the other hand, it's showing a decreasing RSI, which might play out as a bearish divergence. Also note how the amount of longs is declining and the amount of shorts is flat line.
I literally have my money on crashola, but I do believe in the power of Bitcoin as well as network effect. Metcalfe's law says BTC is way over-valued, but hey.. it's the Internet! See you on one side or the other!
BITFINEX:BTCUSDLONGS BITFINEX:BTCUSDSHORTS BITFINEX:BTCUSD I think this is the funniest TA i have ever made.. lets see the result at the end of april. LONGS (white): on support + over shorts. SHORTS (turquoise): rising wedge w/ longs support. USD (orange): strong support. CIRCLES (yellow): long/short with long support touch.
Buy signals at the bottoms