Our buy targets $6130 - $6200 remains our view. Reasoning for: * There's already showing on smaller time frames Bullish Divergence. * We have created a Bear Flag on those small time frames too. * RSI trading low, but with some room to go lower. With those sighs above concludes the trend has one more leg down breaking the Bear Flag hitting our buy...
I'm getting ready for one last leg down then going long. Targets are $5700 - $5500.
Golden Pocket targets 6800, this would be a great entry for a long entry. End is near guys! Only a break below 6800 will invalidate this count.
Here's a nice long play for the 5th wave. 5% risk to reward...
First count. The (blue) ABC that makes this correction done for wave 4 and we heading for wave 5 that could target 8800 9000 (if we really bullish that is) Second count: The (yellow alternative count) We could be doing a large B and our low of 7800 was our wave A and yet C remains to come down to target anything around 7600 - 7700 range. And last but not least,...
Two possible plays: Wave 4 completed $7942, now working on wave 5 to 7700 target range. Wave 4 still could jump to $8074 then wave 5 down to $7700 target range. So far, everything seems to be playing out well. Long can be taken at 7700 range.
#BTC ABC correction has finally started. There's a lot of ways in how this can go. Bullish view: BTC reached close to $8500 two days ago. It was extremely bullish and correction was due. As wave A ended at 8050, and a corrective wave B, possibly still at play that could target 8380 max range. With that said, corrective wave C hasn't started yet. Seemingly the...
Looking at the EW counts, this is the only count that makes sense to me..Short term bullish count (white lines) and then there's still my previous bear count that I still feel strongly about (pink line). Only a break above $8200 will indicate trend reversal and mid term bullish momentum.
This looks like a bear flag to me! Watch out guys, RSI trading above 60 and there hasn't been a decent pullback. Still expecting $6800 - $7100 range before attempting a new high. I'm still very bearish at the moment.
As much as we want to believe the Bulls are back, I don't think we are. I'm expecting a new low around $5500 - $4800 range to end the correction and bear market.