Trade setup on BTC ( Bitcoin ) this is going to be your last big buy op before wave 4 of 3 is completed and we start on wave 5 of 3 targeting between 36k to 74k GBP (I know that’s a huge range but that’s what the trend based fibs line up to), each one of the 4 price points highlighted can be the end of the down Trent (wave 4 of 3) unless it turns into a double...
trade idea
Trade setup on BTC (Bitcoin) this is going to be your last big buy op before wave 4 of 3 is completed and we start on wave 5 of 3 targeting between 36k to 74k GBP (I know that’s a huge range but that’s what the trend based fibs line up to), each one of the 4 price points highlighted can be the end of the down Trent (wave 4 of 3) i would prefer for the...
As we can see, the price has reached the bottom of a tested and tried support zone, we are seeing a loss in momentum of the downtrend move and on market cipher on the 4HR there is a buy signal formed.
On the other hand if we see a break of this support zone it will do one of 2 things, Wik out and therefore reject the support zone or it will close below this...
Option 1) Long Bull trend. 1D Chart.
Market currently appears to show a bear trend in Elliot wave 4 of 5.
We are looking to enter on a confirmation bar moving higher from a wave 5 bottom.
This may or may not be lower than the previous wave 3 low, signalling either exhaustion or a shift in momentum to the up side. Either way, we would expect movement toward the...
I'm holding until this area in the large BTC triangle, when things might make a move.
But which way. Lets pray moon, but will get out if opposite.
This could be a substantial movement?
Bitcoin has been in a not so unexpected rally since past September with its rise accelerating rapidly during the first days of 2021 reaching an ATH of $41K last week. In fact, the dedicated crypto community was looking forward to such an occurrence for a long time.
Suddenly, we are witnessing an almost free fall of the price down to $32K at the time of writing....
