Not sure if we're dumping now or later. Awaiting Confirmation
So Now it's time to unveil why we didn't capitulate out of trend. I see the majority of all charts in TV have had a difficult time understanding markets of scale and quite specifically Elliot Wave Theory. Some of the most popular accounts here refuse to even attempt to consider a concept in public they can't understand. Others pretend the Elliot wave theory...
Tentative Targets BTC 30 minute. For the time being, I can't get a confident wave count with the mashing on all the resistance levels. If we lose $9,500 next stop is $9.1-$9.3k and a bounce within the Ascending triangle to retest and likely break $9.8k. In the event the impulse wave started at the short liquidation candle at the dip, $8.5k is the next area of a...
I think the likely hood of BTC breaking out and starting another wave up is growing. We've held a rock solid support zone with every break below $8,900 being quickly recovered. We can see Bullish Divergence through 2 Hour, RSI touched the trend line on 2 hour, CCI went oversold and rose above the -100 line to retouch it, also, (not shown here) This last low found...
Hey guys, Id like to share the potential of a larger pull back if we aren't held within the wedge and break down. I'm taking profits at this time. In the event we turn up from here, this will invalidate the potential bearish divergence seen in the indicators. I'm not panic selling and Im not worried about the bullishness of the market. There are pull backs to...
Areas of interest. Lets see how this plays out.
I'd like to ad there's a potential Inverse head and shoulder formation in the mix as well. Now I'm not going to bother measuring and projecting targets on this signal as resistance hand ups tend to reduce the meaning of these. I will say however it's rather interesting none the less.
Hey Everyone, I wanted to take this time to break down in greater detail what I see and some areas of interest in a more in depth explanation of how I see BTC today. As observed in my prior charts, BTC broke it's down trend at the $6,400 intersection of the .618 fib of the years long primary wave leading to this point, the Logarithmic 7 years and running trend...
Still waiting on something we can measure for a swing low. Until then, here are some areas of interest!. Trade safely everyone.
Look at that bullish divergence! Still printing the fractal we've been repeating since ATH Crystal ball or objective observations? You be the judge.
Notice how CCI continues to trend oversold while price action moves up? Still no Bearish divergence in 6 hour. Oscillators still trending up. This looks increasingly bullish to me every time I expect to find bearish indicators
OK so TRX broke out of the potential Descending triangle. Next stop, $.08 and we'll see if we can make a break up from there!
Huh, We actually look to be setting ourselves up fro a potentially very powerful move! I see bullish Divergence in 6 hour charts, CCI is moving into position to express another wave up, and this is actually starting to look more like the fractal from $6-9K, not $6-$12k. Additionally, I'm seeing some REALLY strong buying pressure in the face of ever more shorts...
I'm done trying to convince people of the bullish indications we're experiencing. I've done my part, I've shared it well in advance, I tried to save the REKT shorters, I tried to help people make gains on this move up. Make your bed, lay in it. If you wan't to see on objective view of the charts, follow me. I update regularly. Good day!
Will people please stop saying we're in a Bearish trend. Week chart tells us your trend was nothing more than a cold chill.
Guide to checking TRX for Upside or Downside potential before Continued Bullish Momentum. I'll Update as things progress!
OK so I think we just found our swing low of the General wave Impulse up! This is really Bullish guys! Next areas of interest are the red lines.