mattertea

mattertea

Lots of old levels. Need to make new ones. Nothing much going on for a few weeks

mattertea Updated 

2020 starts bull run to 160k press play ;)

mattertea

If support is found at the 3450 area and then the 4400 gets broken that would look like an inverse h&s , but if we slowly descend from here we could full retrace to 3100 and if support is found there, and we break 4400 it would look like an adam and eve bottom. I expect it to be temporary and not break 5600. Gaps will be filled 2k someday

mattertea Updated 

I just realized I forgot to post this idea. Strong move down breaking prior support, then another strong move through the .5 of the fib projection to set up another leg down. Big money to be made, nearly 4:1 R/R.

mattertea Updated 

We had a meme h&s that played out nicely now lets see if this is the equal and opposite reaction

mattertea Updated 

There's a possible confluence area at the .236 for a bounce here but the idea of the h&s measured move still in play

mattertea Updated 

Setup for BTC based on fib projections Strong move down breaking prior support, then another strong move through the .5 of the fib projection to set up another leg down. Within this move, there was a strong move up, which sets up an internal projection, giving entry for the short twice. Big money to be made, little risk.

mattertea Updated 

Setup for BNB based on fib projections Strong move UP breaking prior resistance, then another strong move through the .5 of the fib projection to set up another leg up. Within this move, there was a strong move up, which sets up an internal projection - upon completion, Long term projection becomes triggered. Happy Trading!

mattertea

Long term idea for BTC. 2020 is a possible bull run

mattertea

Not sure if this will play out well for BTC...

mattertea

Descending wedge breakout should see a measured move, not sure whether the move should be measured at the upper area or the middle area of the wedge. Likely to go down after the move.

mattertea

This is your captain speaking... Just waiting on ground clearance for takeoff now

mattertea

Trendlines are starting to point up, if they keep the middle line of the wedge, I expect a move up to 10,600 and then if that gets breached, 11,700 will be the next stop.

mattertea Updated 

My last post was the bullish version of this chart. BTC is still in a down trend, so I believe that a smaller C wave is more likely. C waves are usually bigger than A but there will be so much resistance going up that I think it is more probable that we won't break the 7300-7400 supply zone.

mattertea

This is my most bullish count yet! I've been pretty bearish on BTC for a while, but now that I have my wave count done I can see that its probably in wave C of an ABC correction up after a big 5 wave down. Wave C is usually larger than A, so this is my expectations if that guideline is respected. After wave C completes, we should see trend continuation, which is...

mattertea

Pretty good value around $7300-7450, but I don't discount $7000-7100 as strong level of resistance. Divergence in the RSI is starting to play out and fade, but we'll have to watch it in case it converges with price action, or continues to diverge.

mattertea Updated 

Expect rejection on resistance level. If they fail daily levels, expect downward trend continuation.

mattertea

I'm seeing Bullish divergence that is currently playing out. Expecting to see a bounce up to 224-236 range, then get rejected by the .236 and head back down to test 197