Nice Saturday to you all.
Let's see what can I notice today, in my new TA for upcoming months here on daily chart.
If you zoom out, you can see two major regression channels crossing together.
Actually, Bitcoins are moving below main price median ( thick red line ) and above pivot + Fibo 382 level. I could expect more shorts will open here.
I drew also green zone represents my accumulation territorry and it's pretty wide because of here's why I would like to start averaging.
I was patient and believe in buy low again whole last year 2019.
Only bullish thing about BTC now is Halving. Everybody knows, what Halvings meant in past to the price.
However, this time, I am not so convinced about repeat. If you look at Litecoin's Halving, price also fell 75% down, 10 days before it's halve.
For bulls, BTC need to hold rising reggression trend ( bottom dashed line ).
Due to continuing of BTC's bearmarket and beging's of global recession, I have to tilt my side more to bears.
Volume also falling while price raised at daily basis.
I want mention that my bottom of descending channel perfectly interfere through green zone and correlate for finish
Bitcoins road to the end of bear market, sometimes later this year.
1830 dollars also fits with the target of Elliot's waves counting. I don't want to draw a short-term patterns or moving averageshere. I will folllow this lines to see the future.
My buyzone is basically my Fibonachchi level base ( 0-0.236 ). Now I am not holding any Bitcoin.
Markets are manipulated and leverage trading without liquidations is gone.
I will wait for my buys, same as I predicted Ether fall in half of February 2020.
*This is not a financial or investment advice. Never trade/invest, by my personal ideas.
Best regards,
Emvo.
Let's see what can I notice today, in my new TA for upcoming months here on daily chart.
If you zoom out, you can see two major regression channels crossing together.
Actually, Bitcoins are moving below main price median ( thick red line ) and above pivot + Fibo 382 level. I could expect more shorts will open here.
I drew also green zone represents my accumulation territorry and it's pretty wide because of here's why I would like to start averaging.
I was patient and believe in buy low again whole last year 2019.
Only bullish thing about BTC now is Halving. Everybody knows, what Halvings meant in past to the price.
However, this time, I am not so convinced about repeat. If you look at Litecoin's Halving, price also fell 75% down, 10 days before it's halve.
For bulls, BTC need to hold rising reggression trend ( bottom dashed line ).
Due to continuing of BTC's bearmarket and beging's of global recession, I have to tilt my side more to bears.
Volume also falling while price raised at daily basis.
I want mention that my bottom of descending channel perfectly interfere through green zone and correlate for finish
Bitcoins road to the end of bear market, sometimes later this year.
1830 dollars also fits with the target of Elliot's waves counting. I don't want to draw a short-term patterns or moving averageshere. I will folllow this lines to see the future.
My buyzone is basically my Fibonachchi level base ( 0-0.236 ). Now I am not holding any Bitcoin.
Markets are manipulated and leverage trading without liquidations is gone.
I will wait for my buys, same as I predicted Ether fall in half of February 2020.
*This is not a financial or investment advice. Never trade/invest, by my personal ideas.
Best regards,
Emvo.
Comment:
Short-term vision.
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4H upgraded look:
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Bitcoins broke rising wedge and falled below price median. Waiting for weekly close.
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It could be also parallel channel. Because isn't any volume on breakout.
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Bitcoins failed at price median and MA50 daily .
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Channel is confirmating as resistance. I am waiting for more vulme, to be accurate.
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Update.
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Wedge is now forming something like this.
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Bitcoin isn't still broken after yesterday OIL collapse.
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Halving's comming. Huge bearish volume divergence created. No volume last month. Wait for brekaout : v
Comment:
Rising bearish wedge is broken to the upside on decent volume.