Three Drives
Few interesting intraday levels for Bitcoin For short term, those to areas/levels (green and red box) are really interesting for me, at least.
If the first resistance (red) level is NOT broken, there is a good probability this turns into a 3 dive pattern (see comment with a 4h chart) and hysteria fulled selling will continue for a while.
If red level gets smashed, the next important R is at the area marked with green box.
BTCUSD somewhat bullish movement..It looks like we've been denied by 50 day EMA on 15 min chart but we got through.
What now?
Probable bullish movement till the area of 9970.
Then we will get resistance by:
50 EMA on 15 min at 9975,
100 EMA on 1 h at 9980.
What if it will not stop BTC?
Then we meet another resistance at 10140 and 10330 and of course let's not forget about 50 EMA resistance on 1-day chart at the level of 10100.
If the price will not cross 10140 and bounce down, we might open the SHORT position.
That's my plan, what's yours?
Disclaimer:
This is just my idea, not advice.
Make your own research before you place any orders.
BTC BTCUSD Three Drivers w/ Triple H&S so far? Crazy right? v2.4The most important thing is not to panic.
Right not we are in line with 200 EMA and that's fine.
We've been here many times recently (yellow lines).
We got our stop loss so we are safe.
4h Heikin Ashi candles show are still in the bullish so now it's time to be patient
This is just an idea, not advice.
Make your own research before you place any orders.
BTC BTCUSD Three Drivers w/ Triple H&S so far? Crazy right? v2.5We actually might have much bigger left shoulder than I expected!
The most important thing is not to panic.
Rinse and repeat!
Taking a loss on v2.4 but the price actually stopped, which opened another LONG opportunity.
50 MA and 200 MA actually split, thanks to that drop so we might be able to breakthrough.
This is just an idea, not advice.
Make your own research before you place any orders.
BTC BTCUSD Three Drivers w/ Triple H&S so far? Crazy right? v2.2This is an update of my idea for BITSTAMP:BTCUSD .
I said I doubt it will do another 2 sets of H&S, but right now it looks like we have left shoulder complete! It also leans up for the head which is very clear on a 15 min. time frame chart.
If it will not go below the level of 10400 we have a serious chance to see a short-term LONG trend to a level of 12550 in about 22-25 hours.
This is just an idea, not advice.
Make your own research before you place any orders.
BTC BTCUSD Three Drivers w/ Triple H&S so far? Crazy right? v2.1This is an update of my idea for BITSTAMP:BTCUSD .
I said I doubt it will do another 2 sets of H&S, but right now it looks like we have left shoulder!?
If it will not go below the level of 10450 we have a serious chance to see a short-term LONG trend to a level of 12450 in next 24 hours.
This is just an idea, not advice.
Make your own research before you place any orders.
BTC BTCUSD Three Drivers with Triple H&S so far? Crazy right? v2Here is a possible scenario of the previous idea for BITSTAMP:BTCUSD . I seriously doubt it will do another 2 sets of H&S but so far it does follow the Three Drivers.
This is an extended version of:
Let me know what do you think about this madness.
RVN/BTC Retrace into Final Impulse and Breakout to ATHRavencoin has create many "community members" through the first two impulse waves, leading to sharp retraces back to 88.6% Fib levels. This fractal first played out in late '18 and resumes its pattern with a retrace towards the 416 sat level. Accumulating anywhere between 78.6% and 88.6% fib levels has proven to pay off and will be target buy zone anywhere from 400-500 sats. Patience pays as final impulse wave will lead price breakout to ATH and target zone around 2500 sats.