hi guys ...
many of you looking for shorting BTC now
but in my opinion to stay neutral at the mean while is better than shorting in very risky trade ..
what should i do !! many ask himself !! what is my next step
well .. playing swings in this area require a very professional trader who can read all the indicators and play it safe with a tight stop loss in...
Elliott Wave Theory was developed by R.N. Elliott and popularized by Robert Prechter. This theory asserts that crowd behavior ebbs and flows in clear trends. Based on this ebb and flow, Elliott identified a certain structure to price movements in the financial markets. The article serves as a basic introduction to Elliott Wave Theory. A basic 5-wave...
first of all Good Luck with this trade and its really high risk but i need to give my opinion in this
i cant change my mind into btc !! actually it can go further more up by doing small corrections as the Fomo controlling traders .. but as TA i cant lie and say that this Scenario is not valid .. its the most scenario i am convinced that it would happen after...
Whats up my Crypto fam! make sure to like and follow as that will allow other traders to see my content!
Just finished up a zoom with some of my student's over in premium we did good posted signal at 3150's target was reached at 3180's QUICK 50X trade. Check out my discord to see all my PREMIUM PROFIT'S. as well as signals i post for free but anyways lets get to...
BTC is currently trading with a descending channel that appears to be forming into a falling wedge.
I will be looking to enter within the green accumulation zones on my chart with close stop losses indicated with the red lines.
Stopping out so close to our entries allows us to re-buy lower essentially reducing risk and maximizing reward.
You can see the two...
When the small green line cross the yellow and the thick green is always definitely a pump coming.
They will cross in about 3 hours. But in the three hours can happen a lot. Anyway I am in for long on 6400 with stop-loss 6344.
A descending triangle as a major pattern and two symmetrical triangles as minor pattern based in fractality.
Support (triangle's base)=$5855
The horizontal levels are percentages retracement (30%,50%,60%,70%,80%,85%,90%) with initial point $725.4 (11 Jan 2017) and an endpoint at ATH 0.04% .
I do not use Bitmex regularly for long-term analysis but I think...
BTC price broke Ichimoku cloud and exited at the bottom. Now it works as resistance.
The main T3 Moving average changes it's direction.
Overal, bearish condition.
For now, I am waiting for minor pullback, before we reach new lower lows.
Long term - bullish.
Short term - bearish.
Stochastics have crossed down on the 4h, there's still plenty of room for a move down until it reaches an oversold region. There's hidden bearish divergence on the RSI, a spike in sell volume (as a trend starter) and an obvious H&S pattern that could take us below the 7k region.