Today we observe the construction of a triangular convergent model of input impulses (black, red, green). Now is the time to bet on growth, because. the output from such models is accompanied by a multiple elongation. We do not exclude that the model can be broken and the price will move down. To do this, there is Stop Loss, which will limit losses. Strategy for...
Price made a correction in the proposed wave 2 (black). We expect a further increase in the price of bitcoin in wave 3 (black). Strategy for today: 1) purchase on the market with Stop Loss 7970; 2) if the purchase is closed by S / L - out of the market until the situation becomes clear.
"She was not expected, but she came." The Chinese have adjusted the market. Now there are 2 main scenarios in development: - or the price will continue to build the next lengthening in the wave structure; - either the hour of corrective movements has come and only God knows where this will stop. We were knocked out by Stop Loss. Strategy for today: 1) for...
Presumably bitcoin has finished adjusting in shallow wave 4 (black). We are waiting for a further increase in quotations in wave 5 (black). The ultimate goal for our vision is 8750. If the price will accelerate as we approach our goal, we will consider further internal elongation. The main level of Stop Loss is 7920.
The issue of the cost of bitcoin by bidders continues to be decided. The level from which to sell / buy is 7760. 2 option for today: if the price draws a wave (1) (red), after the price roll back to the area of 7700-7800 it is worth to buy with targets at 8750, 9250; if the price breaks through the level of 7625, having formed a wave A (red), you should sell from...
Bitcoin continues to stretch. We expect a small stop in the range of 8000-7700 with further growth to 8700-9000.
Far Eastern partners helped to buy bitcoin. The maximum expected wave B (blue) successfully broke through. Now the question remains: "Where will the impulse in the wave (1) (red) end?" If the price does not exceed 7000, we will look for a sale when the price is returned to the upper bounds of the wedge (blue, black). Otherwise, consider the sales from the level of...
We assume that the formation of the wave (1) (red) ends. Upward movement can continue up to 6900. Recall, for a more confident scenario with an increase in the price of 8000+ it is necessary: to punch 6800, to complete the wedge model in wave (1) (red). After the fulfilled conditions, we will wait for the local correction to the level of 6180, 5980. We plan to buy...
Yesterday, the price stopped at the Fibonacci level of 50% (5400), testing the channel's borders (red) tonight. Suppose that a correction was made in wave 4 (red) (A (orange) in the alternative), and now we are waiting for temporary growth. In view of the upcoming SegWit2x, anything can happen. For us, it is important that the price form a pattern of continued...
"We did not expect him, but he came!". The situation is serious. To sell in short and buy in long is dangerous. So far, we refrain from bidding. We see in all this manipulation from the outside. The price behaves aggressively and breaks level by level. It is better to wait for everything to cease and the price will indicate a minimum.
Yesterday was a day of roller coasters. After unsuccessful purchases in the morning and then having beaten the losses, we were looking for a reversal point, which the price did not want to draw. Today, we adhere to the position that the correction is in the highest wave A (blue), which is not yet completed: 1 internal impulse is not completed to decrease. We...
Wave 4 (blue) continues. "Far Eastern partners" with their deals clarified the position of the price, knocking us out of the market by Stop Loss 7200. The scenario remains problematic for operations. Now the wave B (blue) is forming. It is always confusing and unpredictable. The best strategy today is to wait for the price to rise to the key range of 7550-7650 and...
The end of yesterday was a surprise. For today, the option with the markup was clarified. We expect that the price may drop to the border of the channel and the levels of 6900-6800. We do not exclude a dip to the level of 6200-6100. In the market we will enter after the rebound from the supposed support, on the formed small impulse in the direction of growth. We...
Correction in wave b or 2 (black) continues. Yesterday they made a test purchase, after the end of the blue channel and the Fibonacci level of 50%. The movement started not clearly and therefore we left the market. We expect that the correction is not over yet, and the price will fall to the level of 5635, where we will again make a test input on the growth...
Bitcoin left for correction. We sold well, as can be seen from yesterday's issue. By the nature of the correction, we expect that there will be a test breakdown of the channel and exit to 5350, possibly to 4900. From these levels, you can try to buy with a short Stop Loos. Our sale of 6000 is already limited to break-even Stop Loss. Take Profit is not set, we do...
It's time for "divorce." The market will now dance as it pleases, and this is due to the vague attitude of the entire audience towards the approaching hardfork. To date, there are many alternative options. We indicated 2 of them, which we use ourselves. We see the weakness of the market for purchases, however, we do not see a desire to let go of the price of...
So. Today we began to look more closely at the situation and tried to highlight those options for the development of the situation at a price that may occur. We assume that now we are in wave 5 (purple) - the end of this scenario will be monitored above the current price. Also remember the script, which was described a little earlier on this chart The price...
We assume that bitcoin forms wave 2 (black). The closest price levels for making test purchases are at 5500.5400. When the price of these areas is reached, we expect a rebound, as well as a further increase in the bitcoin rate in subwave 5 (violet).