Personal opinion only In a fortnight we will see major peak in the medium term price of Bitcoin. I think we are mirroring a similar bull run in 2013, the two peaks being well spread apart. IMO the ultimate top in this Bull Market will occur Winter 21/22 with the second wave of bullishness kicking off in the Summer of this year. 300k Bitcoin on the...
Switched to a short with SL at ATH Happy Trading
Price target a couple of hundred short of 30k Nothing is stopping bitcoin right now Beware of sudden and deep pullbacks - one is coming but for now I'm long Happy trading !
Playing around with charts after my nightshift. Good luck trading everyone and happy christmas :)
Maybe, maybe not, but it’s my play Happy trading
Love parapbolic curves. This thing looks like its getting ready for another big move up!
Spotted this potential parabloic curve indicating a major break out in the next 48 hrs. I have measursed a target of $8700.
If that is a bull flag then a breakout would also be a breakout of the ascending wedge. Therefore I think it makes it more likely we will break the $8000 mark. The measured move takes us just above the long defined resistance trend line and we will soon come back down with a thump or two. I see it as a good shorting opportunity and I'm looking for a long term...
First time Ive really tried measuring up an Elliott Wave count, comments welcome on my drawing and where I could improve.
A quick dip in this zone? Going up to $9000 still by the end of the week I think but keeping a close eye on this little set up. Ultimately we’re going below 6000-8000 but enjoying the ride.
8400-8520 is looking likely to be the floor after the slow grind down, now expecting an increase in price over the weekend and into Monday targeting 9000-9200 area before turning around again to test 8000
I believe that a breakout up from this channel will give me a good mid-long term trade. Stuck in this Bearish channel for a while now but if we can close above the top resistance line and bounce off in a retrace, we are going full on bull. On the contrary until we remain in it or even break through the bottom, I will have a bearish outlook.
Based on 15 minute chart I expect another breakout very shortly. Long term bearish on bitcoin though so expect 2% increase before consolidation and pullback towards new lows