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AresTrades

entery 7953

AresTrades Updated 

entry: 8095.5 SL: 8182

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Let Us Make Bitcoin Great Again.exe

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Target 258. SL 166. thats a 3.5 RR

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0.38 fib on daily wasnt breached before drop, indicating healthy correction. This leads to believe 0.618 would hold as a good spot to long. Reasons it would hold: - Tenkan sitting - 0.618 fib level - end of moderate correction fib of 2.6 target: 8k-8.2k - 0.38fib not breached yet - lots of incentive/liquidity there. Note: if 0.7 fib/6422$ gets breached, this...

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As we can see, the 5.8k level held and so bulls are eager to enter into positions (displayed by the parabolic 1H). a great place to hedge long/long at this point would be 6k-6.1k with target of 6.7k-7k.  why 6k-6.1k as support to hedge:  - 0.618 - 0.78 fib levels  - previous support before liquidity pool  why 6.7k-7k as target:  - 0.618 fib level  - 1D...

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As mentioned in previous post, 7.3k to 6.7k was the liquidity pool which meant that break of 7.2k would send us immediately to 6.8-6.6k. This last line of defence for the short term would be 6.7k for the following reasons. - 0.38/0.61 fib ret. levels - sell off cooled down/retrace time(upwards) - liquidity used up for shorters (at 6.7k that is)/trend pauses &...

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THIS IS IT. INSIDER NEWS. SATOSHI EXPOSED. AHAHAHAHAA

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If you shorted 8.5k you should be looking to hedge your shorts near 7.1-7.3k region to stay on the safe side. If you were flat, its also a good micro RR/scalp if target was 8.7k and SL at 7k= 8/1 RR. Why 7.1k-7.3k will hold: - 1D tenkan - 1D kijun - 3D kijun - 0.5 fib ret. - Rsi reset Note: If 7.1-7.3k region doesn't hold, 6.8k is the other side of liquidity,...

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Given the liquidity pool created for another move up, we can target 8.6k-8.9k as the next block of resistance and reversal. Expecting stop loss hunting for a few more days until big bids are wicked. why 8.8k as resistance: - 3D kijun sitting - 1W tenkan - 0.6 fib retrace has held in the past why short: - once liquidity is used up, trend pauses - and once...

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As heavy volume came in with a lot of leveraged shorts underwater from sub 6.8k, the nonstop stop haunt has made bitcoin rally to these new levels. Some might have insisted and probably added more leveraged shorts, creating more and more liquidity for a higher push. This phenomena is called continual short squeeze. These continual short squeezes end up with high...

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As forcasted here : and here: We have reached 7.4k and based on elastic theory we should retrace to prev fib ext. (6.8k region) level of 1.6. Then a retest high of 7.4k might happen to create a double top similar to 12k in February 2018. Thus, consolidating for 2 weeks before heading to our next target of 4.7k and 3.5k. why 7.4k-7.5k region is the top: -...

AresTrades Updated 

I am rethinking my strategy and targets ( ) as volume has been disappointing. we can see that 6300$ is a very tough resistance to break. We had 2 wicks through it but never closed above it. why 6300 region is tough barrier to break: - Tenkan 1D - Kijun 12H - 0.5 fib retrace why 6300 might break: - have been poked 5 times in 1H, which makes it weaker - 12H...

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Given my Bitcoin Analysis, in the next few days when bitcoin visits 6.3k, it would be a good idea to accumulate some ADA in 2k-2.1k sat range. Note: only accumulate if and when bitcoin does visit 6.3k and holds. A potential 34% gain over BTC seems reasonable.

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Bitcoin inverse chart tells us that we are still in a bear market until we close near 4.7k--which also means that there might be a flush daily candle with wicks in lower 4k. based on the information provided, 6.9 and 7.4k are the bull targets for now. Reasons: - Guppy stretched - reversal daily candle - fib ext. 0.78 confluence with fib retrace 0.3 -->6.9k - fib...

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Looking at the choppy legs up, the RSI shows it is overbought, retracement to around fib level of 0.3-0.5 or 6.3k is expected. although a final leg towards higher 6.7k might happen before the dump. As for fib targets if we break 6.7k (1.6) resistance, there is 7.4k at 2.6 level or 7.8k at 3.6(lower possibility). Tenkan is acting as support at 4H TF until it...

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When Bitcoin falls to 6.3k as my forecast, EOS would be a great buy at those levels . 6-7 lines are congesting, signaling volatility. So a long wick at the support is expected after the flush of panics. spread limit orders as needed.

AresTrades Updated 

Here we have IXIC closing above Fib Guppy and Tenkan, showing strength and upward momentum to be expected. there is a heavy resistance at 7.6k that if not broken will signal lower lows for the month--will will be a great short opportunity. weekly close within or below fib guppy will signal downward continuation with Tenkan and kijun sitting at 7.3k and 6.9k as...