...If so it would look like sort of like this. This 'correction' is already looking quite impulsive which would indicate this is a to b. We may see a gigantic bull flag since wave 1 -> 2 typically makes a bull flag. Important to know, if we rise above 25,200 before we make a new lower low this entire idea is invalidated. I will also include a daily chart to...
Currently, I have been hedged in all my positions since we went below 35k and expect to go long here very soon! If btc would have gone straight down to the 21 week ema then it would have been over 55% correction when it was priced at 40k. This is why time based corrections are so important. 2 things need to happen in order for this trend to remain bullish......
Big institutional money is looking at this no doubt. When you take into consideration inflation, everything looks more clear. You simply divide the bitcoin price by the total money supply and the chart shows a clear double top. You can see similar happening on the total market cap, but eth is performing right now. Typically you should see profit taking on a...
Feel free to scroll out, zoom in, whatever you need to do. There is a LOT going on in my charts but I promise you, it's not analysis paralysis. All my fib lines and circles have been on the chart for quite some time and has been serving me quite well. This rally is far from over, but we are due to correct and most likely test the previous 2017 high as support,...
Based off this W pattern, it's a simple move. Now that this is confirmed with lower high were most likely going to see continuation. Look at the RSI we bounced off the bullish control zone. I know a lot of people are waiting for the 21 weekly MA but I think we are going to see a time based correction as we keep swinging through this huge range. 4-5 weeks from now...
Right now is best to just hang around and watch and see what BTC does. Not financial advice, not a financial advisor, but I am looking to either long if we base on the lines, or take a stop loss and look to long the 21 weekly ema. Dont gamble. These is a huge range. Better to use less leverage. WE COULD see more 10% drops, but unlikely to ** CLOSE** below the...
Total market caps is trending to fib targets especially the 0.5, note; Volume of a true break. still playing off a flat base breakout. Total market cap is much healthier and transparent than an individual crypto chart.
Alts seem to be having a significant impact spite btc large gains recently. The total market cap looks good too.
Keep your eyes on this one, total market cap excluding btc looks bullish too. BTC may dip and eth could break out. Eth/btc should be strong coming eth2.0 launch.
Im expecting a pullback to the green box terry @ 1 on the fib extension, not completely necessary although i would really like to see it happen before we soar to 20k in a choppy fission inside the wide parabola. I do not think the 12h trendline in the stoch will hold much longer before we see a larger move down. the market would be generous to let us snag some...
4h stoch reset quick, bulls did a good job buying this dip.
I think the bearish divergence on the 15m,30m,1h,2h will play out the the 4h stoch got this one crossing. looks like MACd developing to come back to reality. This is good!
at any time the price can jump to this red line with bitcoin in any candle timeframe. Be careful! Longs are STACKED. Not saying it would or should, it just could. If you are trading and you are not prepared for this, you wont get to enjoy bitcoin when it keeps mooning hard. you should prepare yourself to buy these dips not long the tops!
$9100-9990 targets See if you can find this one yourself. Target of triangle to the downside is likely and more probable. . I am taking my long profits and looking to go short soon. Toptrend crossing is the deciding factor of my trade. If failure, I go short. If cross with volume, I go long. If cross and no volume is seen, i would consider it a fake-out bulltrap...