Everyone is looking up so it's time to look the other way. Yes, we definitely have room for one more move up But... 1) the why : We have a double top on stoch --> hidden bearish div RSI is overbought on the daily, printing a lower low on H4 and H2 -->bearish div MAcd is doing the same, we have a spike that confirm the count of wave iii on H4, while the daily is...
Here is how I currently see BTC, RSI is showing 4hr bearish divergence however nothing on the daily so we may have more up before a retrace. If we do start to retrace I expect a pullback to support 1. Thanks for the support I appreciate everyone!
Just look at previous movement and the indicators that led up to it. hard rejections to fall under the volume profiles weighted areas. Short term i am neutral. waiting for more signs to come up before another trade.
Good morning, traders. It's Friday and we've almost made it through another week of trading. Just when retail traders are ready to throw in the towel, Bitcoin gets a boost minutes before the end of the day and prints a potentially strong bullish reversal candle as we discussed on last night's live stream. However, we still need to see actual follow through because...
If this is correct... this 'kind' of bull run wont be to long.. in fact will be very very short. With a strong top at 6.8 - 7k, the best chance could be at 7.8k. And after that? Well... not yet. Educational Only If you like my ideas, please hit like, leave a comment, share them and follow me for more!! GoodTrade -CJ-
Good morning, traders. Bitcoin has finally been making some movement that we can look at, and it's nothing that we haven't been talking about as a possibility for a while now. Specifically, overnight we saw Bitcoin retrace 50% from its recent run up. Now things are becoming more interesting. The potential IHS in development that I have been referring to recently...
Good morning, traders. Bitcoin has finally been making some movement that we can look at, and it's nothing that we haven't been talking about as a possibility for a while now. Specifically, overnight we saw Bitcoin retrace 50% from its recent run up. Now things are becoming more interesting. The potential IHS in development that I have been referring to recently...
This line has been being support and resistance for the last eight months, is an intermediate line
No time for "hellos," let's just get in to the analysis. Firstly, if you look at the chart, a bearish H&S on the 4 hour chart, as well as the daily chart, has made itself quite apparent, with a nice straight neckline at the 7940 area. After the high of almost reaching 10k, we have unfortunately seen nothing but lower highs, as numerous traders on TV have...
Good Tuesday morning, traders. Price is doing what I mentioned that it needed to do last night -- retracing. Buyside needs the time to recollect itself before another push upward. Failure to do so results in a failed push and lack of energy for the buyside to negate the effects of the sellside which could see price falling further downward. Retracement is an...
Good Tuesday morning, traders. Price is doing what I mentioned that it needed to do last night -- retracing. Buyside needs the time to recollect itself before another push upward. Failure to do so results in a failed push and lack of energy for the buyside to negate the effects of the sellside which could see price falling further downward. Retracement is an...
Purging the parabolic uptrend
if rice unable to hold at 5.5k then 5k is very much possible..
The Elliot Wave Count I'm presenting shows higher probability. I've spent hours counting fractals of sub waves of sub waves of larger waves. Wave 4 correction of larger Wave C has completed. Some may argue that Wave 4 has breached Wave 1 territory. But the rule gives an exception, "Wave 4 never enters the price territory of Wave 1 (in highly leveraged markets you...
I see this as a good timing for ending the long positions and start considering short positions. Possible reach is around up to 7000 and at that point i strongly suggest to take short. The graph still hasn't found a clear bottom line yet. There's still lots of enthusiasm to explore the bottoms.
Hi, So recent events and the dead cat bounce retracements are giving me no other choice to belive then that we are heading towards 5k. Confluence zone around 4900-5000,-USD is a reasonable target to aim for shorts close. Be safe! Marek