I know, this target is not very likely, nor was the 32K mark I published earlier. Market sentiment will become more positive today with rising prices and then..... baaaaaaaammm it will smack you right in the face. Multiple liquidations will be seen.. #sorryJohn
Not fun, but possible! It would not be the end of the bull run, simply the beginning of wave 5
Never fun, but expect this to happen for a beautiful flip in the current channel. Some more downside awaiting us!
Audio is testing the resistance line.. it's time to break it and create some volume for another 15% trade
SUSHI is about to break this resistance line, if it does, expect a target of 17$, about 14%
Decide for yourself, but given the fact that Real Vision is giving this so much attention and the pattern of a Wave3 looks validated.. i'm taking a position right here :-)
I think short term we will see a little retracement Wave II. This will be a good time to take a little profit and buy back in once we see it bounce back moving into Wave III. I love using STOCHS RSI to see these waves. The shorter waves are pointing downwards while long term wave is only beginning to move upwards. To is confirmation for my trading analysis we are...
Thought it be nice to share you how I position my trades at the moment. Most positions i trade i look for a nice little bounce to form an Higher Low in regards to the BTC dump that made everything dip. So the last Low is my target point and my Stop Loss is placed in case a Lower Low is made. So in this example I'm placing my SL below 302 as if it would be making a...
If you have seen my earlier chart this week, you know I saw this dump coming. Hope you had a safe trade and did not over-leverage your long positions. Always use Stop Losses - I had some trades hit my SL after BTC moved beyond resistance line and I carefully entered some trades. But not much lost.
BTC is still finding a lot of resistance against the fibonacci circle line and we are gently moving towards my 48605 entry point. I'm laddering my position from 50890 all the way down with incremental size. This will also hit the 100D MA which will serve as a strong support level. If that doesn't hold it's not gonna look pretty.
It's very likely that BTC will go for another dip to the 48K region to find support on the 200daily MA. That would be a strong bounce and confirmation for a leg up.
In an earlier chart I said that the BTC waves seem to decrease in %. I adjusted the fibonacci and Elliot Waves bringing this wave to confirm a 25% rise from a 35% last time. We can only wait and see 😉 April is generally bullish so hopefully we will blast past the 35% and make a serious Higher High at the 74K level.