AntoniaVie

AntoniaVie

Finally we got a new daily buy signal on the Weiss indicator. This is usually a very reliable signal when still in a trend. As previously explained: - Possible scenarios are we go back to the .38 Fib Extension at around 42.430 and get a new buy signal setting us up for the races on the final stretch towards 58-59k. (Preferred) - Second option is the more uglier,...

AntoniaVie

We crossed the 200 daily moving average and as previously mentioned could see a correction and retest of 200 MA before setting up for the final move in this wave. Weiss signaled a sell just before midnight indicating a 2 - 4 day correction on the upward trend. Possible scenarios are we go back to the .38 Fib Extension at around 42.430 and get a new buy signal...

AntoniaVie

I'm remaining long term bullish, but short term undecided. I've drawn the Fib trend extension on top of the previous Fib extension, using the last major move from 37.300. We can see two options from this recent move. First, things moved quicker than expected and only missed their expected targets by a small margin. Second, this move was on low volume. - With the...

AntoniaVie

I'm expecting a short term correction to 42,500 and then resuming the bullish trend. As previously mentioned, we went above the 200 daily moving average and I'm looking for a correction to previous highs at 42.5K. Weiss indicator gave us a nice sell signal and confirmed on the next red candle and now waiting for a new buy signal, to kick off the next higher high.

AntoniaVie

Come on Antonia, this is looking way to simple to be true! That 200 Daily Moving Average (Blue Line) @45K is looking really juicy right now. I can imagine we cross it and move back below to retest and jump the final hurdle to being back in a solid bull market again. Price target is around 46-47K by mid next week, followed by ~58K end of month begin of Sept. Weiss...

AntoniaVie Updated 

Bringing this back down a notch into the 2h chart and you can clearly see how erratic that Weiss indicator becomes when Bitcoin is undecided. Normally we get clear buy and sell signals with follow through and lots of meat to trade with. Finally we are now seeing a buy signal and breaking out of the bullish flag pattern. There are no guarantees and no one can make...

AntoniaVie

As previously stated: If it continues its downward trend the next support is around 1800, if this fails last line in the sand is at 1792, which could bring the price down to the mid 1700's. Target reached and need to think about how it will go from here. We're definitely going to see some kind of recovery, but I'd set my stop loss at the previous candle swing...

AntoniaVie Updated 

We're on a daily sell which isn't good for bulls, but doesn't necessarily mean we are going down either. TD count is nearly at a 9 to give a buy signal, but this might only entail a 1 to 4 candle uptrend before continuing a downtrend. Right now Gold needs to decide to make a higher low and break above the 1833 mark to show a higher high. If it continues its...

AntoniaVie

This irritates me the most, when BTC comes to these important areas where it needs to make a decision and then starts to linger around. We can go both ways from this point, as previously pointed out. Approx. 46k to the upside, or 34.5K to the downside, we're just going to have to be patient. Weiss signal is still on a buy on the 4h and daily.

AntoniaVie

Ignored my trend-line and overshot to the .38 Fibonacci retracement line at approx. 37.500. This is an indication of a traders-market preferring Eliot Waves and Fibonacci lines. On the 4h chart we see the first Weiss buy signal since the consolidation. We would have to wait till tomorrow for the daily confirmation. If you're feeling lucky you can make your bets...

AntoniaVie

Waiting for the consolidation to correct to the lower 38k and continue its bullish upwards trend to 47k. If it breaks 38k (previous resistance turned support), next support would be around 35k with a support line and the 50 daily moving average. The turnaround could happen today or on turnaround Tuesday, but always waiting for a confirmation before making any...

AntoniaVie

Expecting the price to drop to the daily 50 MA over the weekend at around 35k, before continuing the bullish upward trend towards 47k. The drop was indicated by the daily TD indicator after 9 green days and supported with the Weiss indicator on the 4h chart.

AntoniaVie Updated 

Sell signal on the 2h Weiss indicator, but still waiting for confirmation on the 3h and 4h time frame. The higher the time frame the more weight the indicator has, but less optimal for timing the tops and lows. If you're happy not hitting perfect tops and lows then patience is required. After all it's the meat in between the sandwich that makes it taste good :)

AntoniaVie

We're still in this huge descending triangle with a 50/50% chance of breaking to the downside or the upside. Fundamentals as seen with on-chain analysis by various sources, e.g. Glassnode are bullish: insights.glassnode.com Sentiment is still very bearish: pbs.twimg.com Sooner or later this price range will break, but until that happens we need to be patient...

AntoniaVie

TD and Weiss buy signal on the 2h time frame indicating a short term buy opportunity. Buy levels above previous closing candle at 30.668, stop-loss previous swing low at 30.438.

AntoniaVie

On the daily the Weis Indicator is still on a Buy. 4 hour chart on a Sell, 3, 2 and 1 hour chart on a Buy.

AntoniaVie Updated 

The Weis Wyckoff Indicator has a very reliable history indicating sell and buy opportunities. Below 31594 (previous daily close) indicating a Sell. The 4 hours chart is still indecisive.

AntoniaVie

29685 is the last support for Bitcoin to bounce before reaching lower lows. The next support will be at 24.298, a previous resistance on the uptrend from December, now turned support.