Possible Class A Hidden Bullish Divergence on the daily with Tesla. The measured move off of the symmetrical triangle is around a 14% move to the up OR down side. But seeing as how TSLA is still in a strong bull trend, I would feel like a fool to bet against Elon and his Tesla. So to the upside is my guess. My entry point on Friday was 850.00 and I have take...
My entry and take profit points. I will, however, be holding a single trade to the possible measured move of hopefully 46,000 as well.
My next targets for BTC. I bought the dip @ 29,000 and 32,000.
We're going one way or the other. These are our 2 measured moves off of this symmetrical triangle pattern. New highs or we buying the dip? Thoughts?
Alright traders, I've been hearing a lot of people getting scared that we're entering in to a bear market blah, blah, blah. If you look back on the huge run up in 2017 and even as far back as the early 2013 run up, you can clearly see how its not uncommon to have this huge retracements like this and still be inside of a bull market. You have to consider history...
Alright, so here we are with a follow up video of where I almost pooped my pants lol. Just kidding, I was watching it live, and it was dropping faster than I would have liked, but hey, thats what BTC does. #NervesSettled #RunOnSentences
So I don't usually record my voice but I'm getting to where I hate having to type everything out, so I might keep this up. I'm typing now because force of habit. But yeah, we've got an area of consolidation during this massive bull run and if we break that top resistance we should be looking for a clean breakout not a wick out. I'd like to see it close above that...
I can't believe we even made it this far traders! So with where we're at now, we have bearish divergence on the RSI and MAC-D but it's like the bears just don't want to show up to push BTC back down. So for me with BTC trading inside the triangle pattern and the bears not coming around yet, I have a sneaking suspicion that we might make it to 50K this coming week.
Possible bullish rectangle? Lets patiently see how it reacts to this support level...TBC
We still have room to go on the RSI, if you look left you'll see we still haven't reached our all time high on there yet. Could we be going to the 2.618 retracement zone? If so it will obviously take some time but thats our next target on the weekly and monthly time frames. What a ride its been. From lows of 3,400 to highs of 34K within a years time of each other. #BTC
Anyone else think we're going to reach the 1.618 fib extension on the weekly? I know you see that descending bullish triangle we broke out of to start this run. Give me your thoughts on what you think is going to happen next. Are we going to bottom out with a retracement? Are we going to keep going moon boy? What do yall think?
The path to 30K looks more and more possible by the new year. We have, however, hit our expected breakout point from our triangle pattern. I have taken profits on all but one of my trades. We'll see where we go from here.
Once again, draw your own conclusions but this looks very promising. BTC still following the path.
I'm not sure where every ones head is at right now with BTC, but I'm liking what I'm seeing right now. Could this be our road to 30k? Or are we going further down? Thoughts?
I mean I love a good bull market. I also love multiple indicators for the possible next big move. This is not financial advice so draw your own conclusions. But I like this look right here.
I posted this same chart a few days back on the dip to reassure traders that ETH wasn't finished yet. And what do you know...
XRPUSD forming a bear flag on time frames from 30 min-4hr. Might be looking to ride another wave up and trying a short. Just thinking out loud with this one. Not sure if I even want to mess with XRP right now but if I were to bet, I would say there is more down side for sure.
Had this channel drawn before this last bounce off the bottom channel line. Thoughts?