We have a short term mean reversion target of 11000. Do note that a large fakeout to the downside is still in the cards.
Timeframe: 4-hour Trend: Sideways/Down I am looking for price to reach up to the yellow area/upper resistance level (between $11,000 to $11,200) before entering another short to the $9,500 area. On the daily time frame this cross over coincides with the blue moving line that price usually bounces and pulls back to. Another scenario to watch out for is if price...
What if point "B" is replicating point "A"? Point A and forwards shows the BTC rally to ATH from 3000$ to around 20000$ post the BTC halvenning of 2016. At point A, somehow similar to now, the price was going down, expected to touch the support zone but it bounces back before touching the bottom. There is a rise of ~80% and correction of around 12%, again rise...
Good morning, traders. Bitcoin printed a potential reversal with yesterday's daily candle. We now need to see a green daily candle to confirm it, however. Daily Stoch RSI is in oversold but curled up looking for a bullish cross. Yesterday's volume was the strongest seen in just under a month, and it was demand-related. The weekly, as mentioned during yesterday's...
BTC Update Btc loking bullish because recently btc tested its major Support. today if daily candle close above 10,250$ then next target should be 11,500 if daily candle close below 10,000$ we will see btc on 9000$ if daily candle close above 10,000$ the we will face a littel sideways in my opinion 70% btc looking bullish and and 30% bearish RSI looking also...
After evaluating and making multiple possible counts myself, this is my final one which seems most probable at this point in time. I myself have posted WXY w/ flat counts, ABC with flat counts and WXY with triangles. Well here's my final conclusion. Elliott Wave Theory has specific rules and guidelines, ones which if we don't follow, we may as well just start...
hope you guys are ok let's see the 4-hours chart from my scenario No.1 In my case, since July 23, I have analyzed the bear market and now bears are so strong than bulls First of all, if the bull market looks so good to keep going, they had to save the 10400 support line. but it was broken. last support line is 9800~9700 for a bull market that number 3 in this...
this scenario is very likely, bitcoin dominance continues to increase
Today I go over the relevant mean reversion and trend definition pivots. strait forward and easy to trade!