dad-bit

dad-bit Updated 

What a piece of beauty the wolfewave is, spotted at TOP and came down to low of month, love it

dad-bit Updated 

This is finally shaping so well, we might see a touch of upper line inside the wedge near 70k, but not always. The move down to near 60k will be explosive, the pattern is invalid only above 73k

dad-bit Updated 

It is possible that we are making a larger wolfewave , we are nearing point 4 that means a impulse wave up to supply zone need to happen.. that can take us to ATH near 80k and shortly after that dump to near 50k

dad-bit Updated 

Everything in chart and we tracking the previous wave still active

dad-bit Updated 

Read more about wolfewave here www.wolfewave.com Note: Not my invention, but such profitable tool.

dad-bit Updated 

Target is so deep you can’t even picture, it won’t happen over night but “we are never going under 50k” would be crying. This is going to be long term trend change, bitcoin was never in Bearish trend, but here that changes

dad-bit Updated 

We broke down under the trend line few days back, the pattern is classic Bull trap where the liquidity is around 71-73k Unless we close straight up for 2 days above the broken trend line, keep selling for much greater profits.

dad-bit Updated 

Trade within the range marked, sell too near 71500 and buy near 65000 Stop loss is just 1000 point above or below the range, if broken out of range go long above, or short below, the breakout/down will be in nearly 10k range

dad-bit Updated 

If bulls have upper hand at preserving 66k then we are very much likely to keep the move up to 85k in coming days.

dad-bit Updated 

Everything on chart but basically a very strong Wolfewave after a short consolidation and triple top. Here are driving force behind this explosive move * Options expiry, weekly, monthly, quarterly * Triple top in Hourly * H&S in 4HR * Wolfewave in daily * Distribution above 70k the bounce back from under 60 shall be quick, so I have my Profit taking near 60k and...

dad-bit Updated 

BTC going to trade under 50k BEFORE the halving. Pick any halving event, it drops near lows before resuming the uptrend. 4HR appear to be making up the right shoulder and lower high at 71k.. as long as 71k is not broken we will see 61-60 broken on sell side and eventually complete the H&S near 48-50k

dad-bit

Touch and go? #BULLTRAP #btcusd Is it happening? Failed to penetrate back into channel

dad-bit

Everything is in the chart but lets review my take. Leaving wolfewave pattern aside, we were in an ascending triangle which broke down, uncommon but not rare sighting. Bulls were hoping it to break out but if I have learned anything from Bitcoin, it works against all odds. So we broke down and now bulls are trying really hard to get back inside it, which will...

dad-bit Updated 

66k is such important mark that it could make or break the complete trend of Bitcoin. This trend line has been tested 3 times in past and price have risen 24%, 45%, 18% respectively. This time even if its to rise 18% from now, it will bring the price back to ATH. I am tracking a Bearish WW pattern also in 4HR/Daily charts which points to touching near 55-58k on...

dad-bit Updated 

I think this price action was very ridiculous. Not enough volume for me to believe this was a true bear move. It feel more like a bull trap was setup around 71k few days back, and bulls taking revenge by setting bear trap by closing under 66k Extending the bottom / stop to 65k and going long at 65500 now

dad-bit

Similar to few days back, we are back onto a asymmetrical triangle pattern and last time the break out did not lasted long, so maybe the bears will get it this time given that 66k has become new 69k I am opening shorts as risk reward is great. Short at 66, Stop at 69, TP at 60

dad-bit

usdjpy just broken a big support line, shy of a major resistance. I entered shorts around 110.65. I recommend ride it till we close above 111.5 targets 109.5 - 106.5 - we have a Gap up in 4H chart that needs to be filled around 106.5

dad-bit

With major resistance above, I went short USDJPY again around 110.65 with just a single lot. Let's see what the coming weeks has to unfold. NEWS ALERT - Japan hit by 7.5 Earthquake and followed by tsunami warning. May god help them and my prayers with them... on fundamentals Yen will attract safe haven money back. so expecting a quick hit on it.