Coinlion_TT

Coinlion_TT

Hi guys, we came back in the cloud but broke the TL which acts now as a resistance (red line). We cam back as well above the 50 EMA which acts as a support for now. We have a bear flag in the W chart (pink channel) and the second shoulder which seems to appear on the 4h chart. My opinion is that we can come back to the 5900 area. If we break the neckline and we...

Coinlion_TT

Do not panic! My SL was triggered at 6500 but I do not enter Short. Waiting to have the 4EMA and 9EMA to cross the 21EMA and 50EMA for confirmation to go back to long. If we break the last trendline, then I will short. Not a technical advice

Coinlion_TT

It always depends where you put your resistance !

Coinlion_TT

We have a good resistance on the bull flag and a golden cross coming maybe on the 2h chart. Its a very good sign for BTC.

Coinlion_TT

If we break this bull flag, we will be on the way to break this huge ascending triangle as well and come back to the normal zone of BTC. No technical advice

Coinlion_TT

Maybe a Wyckoff formation in 1h chart as well. Not a technical advice.

Coinlion_TT

Need to break few resistances but its still the target after breaking the ascending triangle (pink) Its not a technical advice

Coinlion_TT

See on the chart. No technical Advice

Coinlion_TT

Needs to break this resistance to go higher otherwise we will see a great dump.

Coinlion_TT

Things seem to go as planned. Lets see if I am right.

Coinlion_TT

Not a technical advice

Coinlion_TT

BTC did not succeed to stay above the 200 MA in the Weekly timeframe. He felt in the symmetric triangle > first target 4200. It looks like we are in a Wyckoff Pattern the 4h chart. If it's the case, we should see a rebound above the 5500 area following to the spring which should occur around the 4600 area (target 300MA?) P.S This is not a technical advise.

Coinlion_TT

Lets see if it plays well. P.S This is not an advice.

Coinlion_TT

DOUBLE ZIG ZAG Here are the main Elliott wave rules for double zigzag corrections: - The WXY correction pattern subdivides into 3-3-3 internal wave pattern. - Waves W and Y tend towards equality in length. - The WXY correction wave usually appears in the position of wave '4' or wave 'B'. A good buy zone could be between 9400...

Coinlion_TT

To take advantage of this Elliott wave pattern you can place an order at the end of wave (x), and when the price turns back into the trend again you will catch the resuming trend. P.S Just an idea, no trading advice