More accurate markup for today, based on Fibonacci levels.
"Bitcoinomania" continues. Our idea with a finite diagonal triangle turned out to be wrong. Greed continues to push the price of bitcoins up, grouping multiple stretches of internal waves. We are waiting for a temporary stop in wave 4 (black), in which we will look for a place for a set of new positions.
Good morning everybody. Bitcoin begins to "saw" the tip of the iceberg. We expect that the final small diagonal triangle in wave 5 (blue) will be formed, which will complete the movement in wave 5 (blue) and complete the structure of the big wave 5 (red). We will try to sell bitcoin from the level of 6600-6650, in anticipation of the formation of a deep correction...
Bitcoin, most likely, finished correction in wave 4 (blue). By the nature of the previous 2x pulses 1 and 3 (blue), we think that 5 (blue) will take the form of a diagonal triangle, which will complete the bull rally on September 15, 2017. We are waiting for the price increase to the levels of 6500-6600, where we will turn over into sales.
To date, the picture with growth so far remains at risk. Those who managed to buy below 6000, we advise you to set a limit on losses to a minimum.
The price went into the formation of the proposed wave 3 (blue), however, there remains the risk of continuation of the wave b (black). This is due to the "question" to the internal structure of the waves, the lack of a clear touch of the 38.2% Fibonacci level and the volume at the point of the supposed reversal. We bought the level poorly: usually the turn is...
Correction in wave b or 2 (black) continues. Yesterday they made a test purchase, after the end of the blue channel and the Fibonacci level of 50%. The movement started not clearly and therefore we left the market. We expect that the correction is not over yet, and the price will fall to the level of 5635, where we will again make a test input on the growth...
The price has drawn some momentum. While it is not clear, this is wave 1 (black) in the direction of further growth in wave 5 (blue), or it is a corrective impulse wave a (black) in b (blue). Our strategy for today: test purchase on the signs of the end of the wave b or 2 (black). Landmark - the border of the blue channel and the level of prices in the area of 5700.
The wave a (blue) regrouped into a zag-like structure. At the moment, wave b (blue) is formed, in which we do not recommend performing any operations until the moment of its termination. Our strategy: 1) we expect the end of wave a (black); 2) we expect the end of wave b (black); 3) at the breakdown of the peak of wave a (black) we will gain a short position in...
The price continues to draw a correction, and we are trying to lick the cream. At the moment, the situation is such that the supposed wave a (blue) may have completed its structure in the form of a zigzag. There was also a touch of the channel (blue), which indicates the presence of wave 4 (blue level). Since the structure of wave a (blue) has a zigzag formation,...
Bitcoin left for correction. We sold well, as can be seen from yesterday's issue. By the nature of the correction, we expect that there will be a test breakdown of the channel and exit to 5350, possibly to 4900. From these levels, you can try to buy with a short Stop Loos. Our sale of 6000 is already limited to break-even Stop Loss. Take Profit is not set, we do...
It's time for "divorce." The market will now dance as it pleases, and this is due to the vague attitude of the entire audience towards the approaching hardfork. To date, there are many alternative options. We indicated 2 of them, which we use ourselves. We see the weakness of the market for purchases, however, we do not see a desire to let go of the price of...
Bitcoin gave a deep local correction in wave 4 (black). No wonder - the correction in wave 2 (black) was peaceful. From the whole structure of the subwave in 5 (violet) it is seen that the 3 waves were shorter than the first. This does not fit into the theory that says: "Wave 3 can not be the shortest in the impulse structure, nor can wave C in the corrective...
So. Today we began to look more closely at the situation and tried to highlight those options for the development of the situation at a price that may occur. We assume that now we are in wave 5 (purple) - the end of this scenario will be monitored above the current price. Also remember the script, which was described a little earlier on this chart The price...
We assume that bitcoin forms wave 2 (black). The closest price levels for making test purchases are at 5500.5400. When the price of these areas is reached, we expect a rebound, as well as a further increase in the bitcoin rate in subwave 5 (violet).
This creativity does not go out of my head. I do not believe in a smooth development of the situation. I leave the place to the script that can be performed before the bitcoin hardcore. Be carefull!
Wave 4 (purple) presented a "surprise" for many. As a rule, one who is not ready for such situations, in fact, expresses his thoughts in actions: "Ugh, pla falls! I will close!". There is a discharge of the previous impulse, which developed without correction, and the price starts an upward movement further. Now a new impulse subwave is forming. Recklessly climb...