This is an update of a chart I made 10 days ago (check linked ideas). I've added some inner waves and some corrections. Yesterday's drop to $276 could have ended the (5) wave of C. You can zoom a bit to see the decomposition between (4) and potential (5). Long-term support, lowest-point after burst ($275), first level of fibonacci retracement are all pointing to...
Last night I had posted a BAC channel that may be testing resistance. However, this chart has more accurate resistance levels and indicates a move higher. There are 4 possibilities, 3 of which are very close to one another at around 16.50. The one closer to 17 may work (3 touches) but there is no valid parallel support. The red line was my previous resistance...
entry at 101.50 , 2nd target hit today for +230pips Get your FREE $50 GIFT CARD etoro.tw
ALTHOUGH I HAVE BEEN EXACT IN MY PROJECTIONS WHEN IT COMES TO THE STOCK TESTING ITS 52 WEEK HIGH, I AM STILL BULLISH HOWEVER, I WOULD MOVE YOUR STOP LOSS TO A TIGHT ONE IF YOU BOOKED THE PROFITS WE HAVE SEEN IN THE LAST FEW DAYS I WOULD PLACE THIS AT APX. 17.62 WHICH IS WHERE I WOULD EXPECT TO SEE A REVERSAL IN PRICE IN THE EVENT MY INDICATOR FOLLOWS SUIT IF IT...
Not a lot of volume the past few days leaves Bitcoin in a CONGESTION phase until June 27 to June 30 just fluctuating without any clear direction. TA cannot be very helpful in such a immature market but a forecast can still be done. The congestion range is mainly between 582 to 621. My opinion is: (1) technically the chances of seeing 550 is unfortunately...