barrbudo

barrbudo

Estou desconfiado de que podemos estar no início de uma correção. O que vocês acham?

barrbudo

Eu também quero que ela vare* a casa dos R$12,00, contudo é melhor que isto seja bem feito. Se hoje o preço fechar no zero a zero, serão 42 dias desde o destaque do último nível, e isto para mim é muito tempo! O que sobe tem que descer. Acredito que R$8,56 seja o suporte que segurará a correção. * desculpe-me pelo trocadilho. Não resisti :)

barrbudo

Eu não estou dizendo que assim será, mas o gráfico semanal parece estar formando o ombro direito.

barrbudo

Price has been steady at the support level, the EMAs are starting to grow apart in the correct way for a long position, and volume is inching higher. I'll keep both eyes on this one!

barrbudo

I think Cardano may gather steam and continue rising up to the most immediate zone of resistance. I get this notion from the daily chart that shows a steady price that is inching higher toward the aforementioned area. Something that's under my radar for now.

barrbudo

I'm trying to situate myself by using the Elliott wave theory, and I'm starting to think that we may be in a triangle. What's your opinion?

barrbudo

As I said before, I struggled with finding a wave count with which I was comfortable, but I then settled for one that (by the time I published my thoughts) at the end of wave 3 therefore going into a corrective wave 4. But what if we actually were at the end of wave 5? Unlike previous times, I don't feel so sure about the probabilities of any up or down movement,...

barrbudo Updated 

$500 spike in just one hour looked like a fakeout to me, especially because there had not been enough time for a proper correction. I believe it's likely that we are on sub-wave 4 of a corrective wave 4, so there can be further lows.

barrbudo

It's been 56 days of upwards movement, and I know things cannot go up indefinitely. Getting a satisfying wave count has been difficult, but I'm comfortable with the one you can see here, and I will put my money where my mouth is! As wave 2 was mild, wave 4 will be strong, but most importantly, wave 3 was over extended therefore wave 5 won't have that much thrust...

barrbudo

I wouldn't try to pick a bottom right now because I believe it's more likely that prices will fall again. Look at how volume decreases and stays very low after prices show a little bit of life. I take that as lack of a solid basis on which to run.

barrbudo

Hello, folks! I hope you are on the correct side of the trade. I was looking out for a possible motive way up, but what I thought could be wave 3 withered. Looking at the 15 minutes chart that I use as a signal for my swing trades, I've noticed that recently there have been a couple of "fakeouts" that were followed by a price drop. What concerns me the most...

barrbudo

Hello, folks? How's everything going? I truly hope you didn't have any long position on BTC. Not too long ago, I said it would be wise to short despite that one day rally that made me lose a bit of money (stop losses are wonderful things!). Today, I'm here to say that the $4,600 area is likely to be one in which price will go sideways for a little while. I affirm...

barrbudo

As any prudent trader would say, anything can happen in the market. Something else any prudent trader would say is that you must employ tight money management. I made 8% shorting, then lost 2% because of this sudden take off. Guess what? I'm OK! Though I wish I had caught this move up, here's the opportunity for me and anyone who's willing to stick to a couple of...

barrbudo

I bet my money on further price declines as I believe we are seeing a zigzag correction unfold. I project its wave B to reach a maximum of 50% of wave A because the latter was rather steep and, as Alexander Elder has wisely put it, "a man who's fallen from the second floor will not walk again for a while." That being said, I'm also conservative as to how far wave...

barrbudo

It's been challenging for me to understand where the market is with respect to Elliot waves, and the best I can think of is that we are seeing a sideways 4th wave. The hope for an upcoming impulse wave is refreshing, but I'm not here to hope. The higher highs are subsequently lower and I believe the coming 5th wave will be truncated. If my exchange allowed me to...

barrbudo

What do you see?

barrbudo

I won't wait forever, but I do need to feel like there are enough bulls in it with me. If we close the day above the lower horizontal green line, I'll go long and I'll look to sell again at the upper horizontal green line. It will depend on what the candles tell me. If we have increasingly smaller green candles, I'll sell. If not, I'll hold a bit more. The yellow...

barrbudo

As I believe it's prudent to trade in favor of the tide, it's the weekly chart that tells me in which direction it's going. I have drawn the trend using blue lines and they're pointing down, but BTC has broken it upward and I think the momentum is up as long as the candles close above the upward trend line. In my previous analyses, I expected this wave 4 to...