Hey guys, little late night story time for the night owls.. BTCDAILY Wyckoff Analysis. The chart is not in Log scale. Based off Wyckoff accumulation schematic #2 (or #1 if considering the spring/test) Phase A Immediately Phase A is supposed to mark the end of the prior downtrend, in this case it has only technically marked the deceleration of it, depending on...
COINBASE:BTCUSD Even the veteran technicians can appreciate the beauty in these efficient markets. Ask in the comments if you don't understand the significance behind where the arrows are pointed. Disregard the indicators... The value is in the price action. For instance, the 0.618 retracement - pulled from the wave 2 of the decline to end of 5 - #to the...
Coinbase rumors may help this strong coin.
Confluence at target with long term horizontal support, triangle measurement from A-B projected from E and also Algo target from most recent significant swing high to swing low. Trade is invalidated if E wave goes above C of the ABCDE. Longs outpacing shorts which can be construed as a contrarian indicator.
Check the chart. Make the trade.
My best guess would be that the bottom is in. SEC bullish imo.
Fibonacci retracements are a thing of beauty. I've always been fascinated with the golden ratio www.youtube.com
Chart paints the picture. Show me something bearish please. Litecoins Litepay coming out soon.
Will post a follow up daily chart.
ch-ch-ch-check it ouuuut
interesting point we are at right now
I let the charts do the talking
I redid my chart with a deeper look Seems like a good spot to enter LONG with a tight stop loss.
Chart speaks for itself 314 MA as support, this can also be the C wave of ABC correction after 1-2-3-4-5 EW