Blue= accumulation
Green= mark up
Yellow= distribution
Red= sell off
Here we have a complete Wyckoff cycle (from december 2018) and a smaller cycle. I think that we had the sell off and a first accumulation phase and now btc could be ready for another mark up (green).
- I expect a trend reversal from tomorrow;
- I expect a pump 21-22 november;
- I expect a...
Check out the stock of the week!
ISRG Completed Re-Accumulation Trading Range and starts to outperform
LONG SETUP
Pattern Confirmation: Rally above $600
Pattern Failure: Close below $475
Trading Target : $510 count line + (29 boxes*3 reversal* $5 box size)=$895
Happy trading, Roman
Trade 1:
Side: Short
Entry: 8462.0
Strop Loss: 8521.0
Target: 8121.0
RR(BTC): 4.83
RR(USD): 5.78
Trade 2:
Side: Long
Entry: 7951.0
Strop Loss: 7844.0
Target: 8364.0
RR(BTC): 3.17
RR(USD): 3.86
The current state of all November trades can be found in the following spreadsheet:
docs.google.com
This Post will be updated any time a trade is...
BITSTAMP:BTCUSD
The only reason why me and you go long.
In the next few days will go down at 8450 and shortly will SUPER-pump over 10k in just 10 days.
Hello Traders,
I have been watching Litecoin for a while now. You might have seen my previous 2 Litecoin charts which have been monitoring the retrace (below).
From what I am seeing in the chart It would seem LTC has finished its retrace and from here I am expecting sideways price action and then a bull run forming to complete wave 5 of its main cycle. Litecoin...
There are many factors trying to push this pair up right now. I like the zone that it is at right now for a reversal move, keep in mind there is news for the AUD at 8:30 pm eastern time. This pair also just took out liquidity.
The market has formed a liquidity pool above current price. Im waiting for a manipulation phase where the market will rise to and I will place a sell at the blue dotted lines. send me a message if you have questions.
HTF's are suggesting continued momentum to the upside. Let's see how the market will play out these next few days to see if we can get that push to the upside. Stay patient.
Hello Traders!, I was looking at the daily chart to get a bigger view on where Bitcoin may be going in the next few days. I just noticed that there is some bullish divergence on the daily chart. You can see the price action where I marked yellow on the chart is making lower lows, and on the RSI also marked in yellow is making higher lows. I'm starting to believe...
The Idea:
-Contrary to trending trade ideas, I believe Bitcoin is a buy.
The Reason:
-My conclusion has been reached solely upon its recent impulsive behavior, followed by a precise Fibonacci correction, which if it holds in the highlighted zone and breaks to the upside, should generally be followed by an impulsive wave to recent highs.
The Technical...
Looks good to turn around after dropping a full price-cycle. RSI is near oversold and turning upward (RSI never falls below oversold line, so this is almost the extreme for this timeframe). Overall uptrend. Price above 200MA.
