I had a dream last night. I need to document this so I can see if I'm a prophet or not llol. So I was looking at todays chart & price and price action. The chart looking forward was blank and I was analyzing on a small time frame I think cos the chart seemed much longer than the 1week looks right now - or maybe its a longer wait, will get to this later. The...
All short term gaps filled. One small gap around 6300 left. Next small gaps around ~3000. See older ideas for those.
Thought I had a BLX chart posted but seems to be gone along with my altcoin btc related targets. Blue box is next short term target. We may go up and re-test the top of the descending triangle, but looks to be support & MA around 5500 level. how strong is this 5500? we do not know and will see when we get there. Long target ~8300 short target ~5500 Not...
Just an idea for my own tracking. Potential Short play before a take off? or Break down? Will see.
2 Potential Gaps to be filled on the 1hr. 0.15% Gap & 1% Gap Did they make enough to bother coming back to fill? Would like anyone else' opinion with history on futures, how often do these small gaps get closed? Is it likely?
BTC has seen Major moves worse than what we are currently experiencing before. We may be in for the worse yet. If 3758 does hold, there are 3 more levels we may test these being ~ 3000, 1800, 1100. We have seen the blue long term trend line break, another long term line to look for is the pink one drawn, this has bounces testing it from the prior 86% drop in...
So this is potentially the play we see unfold. BTC 3 or 5 waves up to $7000-7500 (FIB and resistance level), putting in the B wave of an ABC correction, before we C wave down to $3000 to finish off the correction. Not financial advice, just what I'm seeing. Do not listen to me!
BTC is above to fall on its ass as I see it. H&S, ascending wedge, low volume : increasing price, still in daily down trend. No time frame, but I think this will catch ppl off guard! Not financial advice, and as always do not listen to anything I have just said, this is for my own personal fun.
Possible retest between 7000 - 7500 at very best for any sort of bullish situation. Then a breakdown may see a retest of 5600 support. If BTC 5 waves down from 7000, fibs and previous support all indicate 3000. Be careful out there peeps, this gon' get worse before it gets better! This is never advice or financial advise, just personal entertainment.
Slight Adjustment to my last idea, still not financial advice - don't listen to me
Using simply 2 indicators, this is what I think we could be in for. BTC has just finished the 5th wave of a correction. And BTC looks to be putting in the first wave of downtrend impulse. If it is a 5 wave correction, I could see it going as low as $1.8k or if it is to be a 3 wave, ~$3k is possible. Using strong prior support/resistance levels on the daily...
I think I may have underestimated the momentum of this bear market, taking a look at the chart again, the (A) wave in red could actually be the 3 wave correction from Ellitos wave and that would see the 3rd wave of the 5waves hit the 3k mark in 2-4weeks time (I guestimate, if not sooner). The white line is the faster approaching bear cycle down to 1.6k in cntrast...