jUST i THOUGHT & SOMETHING TO KEEP A CLOSE EYE ON IF SHORTING XBTUSD GUDD Luck & sorry 4 the CAPS
Well, interesting and confusing movements from BTC. Is this a grand setup for a bull trap, which will set off the final decent to sub 6k levels, or has grand wave 5 ended, and the confusion as sign that BTC has reached bottom, and a market reversal is fueling up? Scenario B assumes we are now forming wave 4, and the bull trap is being set. It was clear that...
Look... when it dumped initially, it dumped right in to our algorithmic model structure (posted in advance of trade). The bears can growl here... but reality is that the time cycle (nearterm) comes due Monday. So far.... this looks like a panic sell-off. If it breaks to downside Monday forward then yes... in to another down cycle within time cycle. BUT IF IT...
Looking back which is never used to speculate future, BUT recently the last 2 major dips, that did this stall sideways chop suey.... AftR consolidation from big DUMP, eventually made the BIG Retrace back above the prev. LOW B4 the DUMP... So 4 now I have changed my mind, as ususal, only time will tiell. Cud Luck to all. *** KEEP your eye on the Stochtastic RSI...
Looking at the trends, RVI is about to push into the sweet spot, and somehow the price has been clmibing even though the V.I. (-) should be pulling the price down. Something strange is provoking a possible bear trap. We have a moment of truth happening somewhere over the next 8-14 days. We either break the barrier, or we drop down to a very scary low. Trade...
BTC nice head and shoulders pattern. What's really interesting about the price action is how we get a perfect 3 candle Bear Trap as soon as we break down from the neckline and then a flag back up(4hrcandle). The bounce at 7680 was just abt 2% off from my bounce PT from my ta of fibs and trends.
A lot needs to happen this weekend.. BTC needs to break a major zone of resistance with a double top having formed. If it does not do that in the next few days than most likely it will have a correction with a negative 19.32% correction back down, which could finally put bitcoin at a final price of approximately $7,958... 3 Major targets identified on this...
I know.. usually I'm a swing trader and hate having patience and seeing my money go up and down due to de waves in a coin and prefere looking at it on a day to day basis. but ADA, what a great coin. incredible dev-team. We hit rock bottom here and we just saw the announcment to a new market cycle. the Beartrap. a little wave making all weak hands sell their stuff...
CHXEUR:GLENL is showing a possible inverted H&S in D1 time-frame, that could be in line with Monthly trend continuation on the long please let me know your comments.............
After placing down this channel, I scrolled out to see and NEOUSD has never broken the 1.618 fib in this channel. That's bad. Nearly double topped on the RSI but 70 was not hit, but stable above the 0.618 retracement. Uptick on the RSI as of writing. I am currently in a long, hoping that it'll pop up above $120. As of writing, it looks like BTC is going to make...
Here's another look at BTC's current situation, I alluded to bear traps in my last double bottom update. Here, I zoom in on the 30min chart to show exactly what I'm referring to. This short uptrend bounce has been very hard fought. It's almost been painful to watch. The last two bull flags didn't break out until about 79% of their own retracement. Now, I think...
What can the market do to trap people to the wrong side and then go where you thought it would be going? This scenario is pure speculation, but a way it could play out, if you are looking for a retest of the low (10.000). Whatever happens, always pay attention to the short-term trends (inside ranges)!
broke down from the trend that most would draw and assume a retracement or even bear however, even with a lower break out of the fib channel it will still be within a setup for a megaphone bull break out. Elliott wave analysis of the megaphone happened to be aligned with a 50% retracement of the December run at the end of wave 4 though this wave passes through the...
Instead of breaking to the downside, a bear trap has been deployed. BTC could now go higher? Watch and wait.
*We are still in ALT bull run* If there's any news about regulation in USA or Ethereum takeover the first place then we can dip upto approx 8k. If there's a china mining ban or Korean rumours to ban crypto we could easily dip upto 5K otherwise we'll still be in ALT coin bull run. Personally we will still touch 11k-12k as the BTC is still bearish overall. “Be...
We don't analyze this pair many times, but I noticed possible head and shoulders pattern forming on 4h chart. Head and shoulders is a reversal pattern that, when formed, signals the security is likely to move against the previous trend. Price just need to form right shoulder. Please keep watching for the updates.