IvanLabrie

IvanLabrie

I noticed a countertrend impulse has been completed, this would point out to a zigzag corrective pattern unfolding. If the AB=CD symmetry were to hold, we could long this pair to then ride the impulse down on the short side.

IvanLabrie

In this chart we can see my interpretation of the wave count, and volume action we've witnessed during the past few days. If the structure holds, I expect to see a low of 390-414, before resuming the action to the up side. My position has been bearish for some time now, but as we approach the lowest lows, price action develops a loss of momentum, which indicates...

IvanLabrie

In this chart I describe the direction Bitcoin might go in the near future. The general sentiment appears to be bearish, but for the moment we are in a ranging market. Long term traders have extended the range down, moving us closer to strong support zones. Downward pressure is not as strong, but despite that bulls have failed to move price up and revert the...

IvanLabrie

Bitcoin's free fall below the 600 area has been pretty intense, but the selloff's reaching exhaustion. We're trading inside a channel, with clearly defined areas of brief consolidation over time, which act as support and resistance levels. I'm fairly confident that if Bitcoin manages to climb over 550-580 it can hit 754 by the end of the month.

IvanLabrie

BTC aims to reach a new low, as we can see from the exhaustion in the upward moves. Downward momentum is stronger and will take us down to a harmonic support area. My target is at least 540 usd in the near-short term. We will get plenty of chances to go long in time. ;)

IvanLabrie

We can expect the beginning of a new wave 3 on the break of the next fibonacci time zone line. Correlation with AMZN is strong and helps get a clearer picture. It's likely to hit the 540 level before starting a new rally, that if we fail to support 575 first, logically, which I think we will. Might be a good time to short or sell and rebuy back lower if you're...

IvanLabrie

We'll see but I think this is a fairly probable scenario... Test driving a custom indicator too. :)

IvanLabrie

I like Fibonacci analysis, as you can see...I think we will be seeing prices over 1k usd very soon. We can see structure in different harmonic levels and a clear fibonacci channel forming, as well as fib timezones matching elliot's main motive waves.

IvanLabrie

Bitcoin's on a bullish run, lots of positive news surround the more than positive indicators we see on this daily chart. We might have an entry point at or below resistance 2 levels (weekly). If you haven't, by all means, buy some BTC. ;)

IvanLabrie

This is one of my tipical swing trade setups. Can you spot the signals in the chart?