bitflip01
EssentialQuite a few things going on within this chart, but what I'm trying to convey is actually very simple. The chart is based off a few key models which have been used with tremendous accuracy for over a century. Model 1) Bear markets will usually last about 18 months in duration. Model 2) Bear markets will usually last about 1/3 as long as the previous bull....
Just my biased 2 cents on a trade I'm already in on and looking to add to. I'll be hunting some sort of structural top between 1244 - 1254.
I'm not saying this thing is going to make new highs anytime soon, but from a risk/reward standpoint, IMO it's obvious this thing has a lot more uppy than downy. Internals suggesting we're about to see a big move in one way or the other. My bias is.... bullish.
Hunting a long setup on BTC. Waiting for a retracement down to .382 fib (~$7K). At that point I've got location and just need market structure and indicator confirmation. Hunting the first W and any confirmed momentum/volume divergence. Inverse H&S fired with an upside objective of $7917. Nice Cup/Handle pattern forming on the other side of the H&S ....
Hunting a long setup on BTC. Waiting for a retracement down to .382 fib (~$7K). At that point I've got location and just need market structure and indicator confirmation. Hunting the first W and any confirmed momentum/volume divergence. Inverse H&S fired with an upside objective of $7917. Nice Cup/Handle pattern forming on the other side of the H&S. Important...
0x (ZRX), a leading decentralized exchange protocol. Not a bad entry at current rate (a nibble to start building a position is acceptable).. but it looks like optimal entry will be between .886 (3387) and the 1hr gap level at 4435. Technicals: 1) Momentum: *RSI in oversold zone (24.5), still looking bearish. *W%R oversold. *MACD bullish divergence is setting...
Just another perspective on the current state of Bitcoin.