long, 9200 target Weekly analyse: We are in a consolidation zone since the big red candle (bearish engulfing) followed by the markdown at 6000 (down rejected pin bar, and we are in an inside bar: on a monthly chart) wich set the trading range : 7540- 11536. We are in this range since 7 weeks now. Last week was a reversal candle (bearish outside bar): impulse...
Weekly levels: grey Monthly: Black Daily: yellow And some other supports and resistances (Weekly and daily) As i wrote last week, we didn't get out of the bear market yet. On a log chart, we never passed the Daily line. Here price action show us a bullish doji and an inside bar is forming. There is a red sell zone just above. A nice bullish move would be a...
We are still in a big consolidation on the weekly TF (white rectangle) since the (reversal) pin bar (doji candle) of the first week of february. The trading range is based on the enfulding candle (11800/7640). The two last candle made the range tighter from 9600 to 11500-11733 area. The bottom is really clear for everybody. I expect this level to hold. But, on...
In a long term investing vision, I am trying to identifie looking at (the small) history of BTC how long can be this correction-consolidation. I think that it won't crash to 0, this is my believe, and i think that a 5th cycle will soon or later start, with new ath in perspective. and i hope that something will be done to make btc more usefull for everyday and...
I saw lots of charts here on btc.. i saw some saying that we are since today in a new bull market.. well, we are not for me.. close to it, good signals, but not yet. You have to take a Log scale. Don't use classic scale for big picture, for an exponential growing coin like btc.. this is a 4H chart, with all the S/R and lines that traders and investors are using...
Looks like it.. hope i'am wrong.. good trades Not 100% sure yet.
See ichimoku and projections lines from precdent wave... And my possible supports. There are nice trades to trade (put a stop loss up the last higher level if you go short ; and lower the last level if you go long for the end of the 5th wave.) You can draw fib levels to check this too.. Watch out! If the marketcap is going really up really fast, our charts will...
We could expect a retracement. (ABC wave) On the weekly chart, everything is telling us that this might go that way. There are head and shoulders patterns. BTC have already had some in the past. They can help us to find support (and B, C points). The length of the leg of these shoulders is the biggest question. In the past, BTC always come back in the Ichimoku...