Trying a play on this potential head and shoulders play. But market must not fail now for this to be valid. Fingers crossed. Feel free to share disagreements or factors I'm missing. Or if you agree and can see it happen as well.
If we can't hold this channel this could mean we're in a new impulse wave down. Alt could be this move is an ABC before new waves, and we're starting C leg down but that would make C a bit short so not really cutting it. I'd see wave 3 to 10-15k if the 5 waves scenario confirms, or C leg to 29-30k if ABC. Anyway both of these scenarios are IF AND ONLY IF we...
I got interested in seeing projected the buy timeline of this company when a fellow trader told me BTC drops every time they buy. So here is a chart of that, with the dates at which they bought and the the amount. Make your own inferences out of it. Last dates and amounts are inferred from latest news. Source: www.wallstreetpro.com
I got interested in seeing projected the buy timeline of this company when a fellow trader told me BTC drops every time they buy. So here is a chart of that, with the dates at which they bought and the the amount. Make your own inferences out of it. Last dates and amounts are inferred from latest news. Source: www.wallstreetpro.com
BTC is arriving towards the end of this small wedge, a possible breakout may happen within a week but it might be a bearish breakout given the look of things. Especially since the 100EMA seems like it will cross under the 200EMA in a couple of days.
20 and 50 EMA cross happening could lead to wedge breakout
Look at the 15min EMAs, they coincide perfectly with the trend line rebound as we get all the buy signals in one row for the very short term.
Sell circle for when 50EMA passes under 200 on daily.
When analyzing using EMAs it looks like the 50EMA still has a chance to diverge from the 200.
Very uncertain days ahead, could be either really good or really bad. Your choice.
It looks like the Death Cross is still on it's way and about to hit right after we rebound so the venture into the 40-46K could reveal to be a very stingy trap.
20MA poised to cross 200MA again by tomorrow on 4H.
20MA is very close to crossing 50MA and 100 MA. The 20 over 50 cross will probably happen during the night (a time which whales like to make moves). That's usually a small buy signal, but given the regain of strength of BTC lately expect anything. The 20 over 100 probably by tomorrow. This is a bigger buy signal that will probably break us out the wedge...
New buy signal incoming with 20EMA about to pass 100EMA in a couple days. Strong bull times ahead. Hopefully I'm right.
Just a note that the correction could be happening now as well since we're at resistance level. I updated the chart to reflect that possibilty.
Welp the buy signal that was magically diverted yesterday or so finally happened yay! And you can see the results for yourselves as we got a massive increase in a short amount of time, and finally broke out of the wedge, upwards this time! And expect in to go for at least a couple weeks. While still being careful about WH regulations or China (and others) crypto...