The scenario posted a few days ago remains. PA showed some weakness last week as it didn't reach the target for the double bottom that had been built. This is not negative at all, it just means the bears are still in favour which is good for the trade we are looking for. I was following the elliot waves of this new downside impulse wave, and it seems we are in a...
A doubble bottom is forming now, it's target would be 8250 aprox. which is a zone were lots of confluences (fib levels and retracements) would push bitcoin in the downside direction. We'll have to wait how this works out, but I'm getting excited to see if this can play out. Hope you like the idea, it aligns with the thoughts I posted before this recent try from...
BTC is going to melt down after reaching again the 8300 zone (if it does).
Nothing to look for right now.. the candles will be choppy and a lot of volatility is coming in. The price will keep squeezing inside the triangle. If you wanna trade buy or sell at the trendlines.. but use wide stop losses as it's easy to get caught in stop hunts. Lots of market manipulation coming in these days. Will post more specific trades when the market...
Major reversal is comming! Get ur bags ready. Good luck on this one to all of you. Let's make it rain!!
The chart speaks by itself. FIbonacci levels are being respected precisely, the orange zone is a great place to limp in. Great risk/profit ratio, lets see what happens. I'm in
Told you before the rally ripple was looking good ;) Now In my opinion we should wait for a correction at least to hit the yellow trend line. After a new consolidation ripple could very be touching prices around 0.60 or more by EOY, beginning of 2019.
Hi all, bitcoin's rebound has reached the first target of the rally, around the 4200 zone. Next target is around 5000. We could have 2 scenarios: 1) Bitcoin correction towards 3600 to build the pattern's right shoulder. I think it would be healthier and would give more strength to a big future move up. 2) Bitcoin holding it's price over the 200 EMA and breaking...
What do you think?
We still have to wait for the market to make a decision. At the moment there are few lines in play. We have the yellow trendlines and also an accumulation zone between the two horizontal white lines. Wait for the price to move, the market has not made a decision yet. Cheers, Flaw7ess
Here are my thoughts on Bitcoin. The thing I would like to see happen in the next 2 days is represented by the two yellow arrows: one last decline of BTC's price right to the low 3k zone (it is not necessary to test the exact 3000 price). Now, the thing is, that there is TOO MUCH consensus on bitcoins rebound at the 3k price. For me, this means we could see the...
Ripple is showing big strength. Could be a good bet for huge EOY profits. The chart speaks by itself. Cheers