taochoy0102

taochoy0102 Updated 

We had a bearish retest of my pivot box into fast selling pressure and multiple other patterns that lead me to believe this rally was a bulltrap for another leg down. Target for gartley: ~31800. My nearest significant support to that is at 31875. The harmonics are never exact. Target after the bounce is at 39540 where i have very significant resistance at that...

taochoy0102 Updated 

Note: This post is quite a reach from a bearish perspective and just an idea. I have about 70% confidence i n it. This is looking more likely to be a Wyckoff redistribution than a reaccumulation simply from the patterns I'm seeing formed within the range. We will only know for sure though after a break below the range and a bearish retest of SC after breaking to...

taochoy0102 Updated 

We could have a potential massive rising wedge here to 37.5k meaning in the short term a big fast pump. This post is just explaining more on my first post why I'll be bullish short term to 37.5k and why i will be bearish at that level and take profits. If we claim 38.5k, (a massive resistance) that is invalidated and i think we can potentially break the range to...

taochoy0102 Updated 

In my previous post, I had a drawing prepared for a potential sideways range until another test of the bottom trendline of the potential rising wedge. Here is how I would long/short it. This is just an update on the chart with clearer and easier-to-read levels. Also added TPs for a potential long because, at the moment, momentum is looking bullish. Also in my...

taochoy0102

Hi, first published post here. Short term bullish on a long setup, overall neutral bias. No one can predict where bitcoin will go. IDK where it'll go. What I think I see is a possibility for a giant rising wedge. The rising wedge breakdowns may not be significant in reaching its full targets though because of the low volume and because we are still within a...