CryptoFricksGusti

CryptoFricksGusti

We are in a rising wedge which means that by the book we should break it to the downside. Rising wedge is a bearish pattern and even other indicators shows us that we need slowly a retracement. Also we have a bearish divergence on 1h, 4, and daily timeframe. I think that max possible tarket is 10k, then correction expected.

CryptoFricksGusti Updated 

MACD on daily is crossing to the downside. I expect some corrections on btc, first target is abot 8850. Than we will see what it will show for the next step. I think that is good setup for at least 3.5% gains.

CryptoFricksGusti

As always there are 2 possible ways for BTC . If we complete the wave 3 than it's time to retrace back to at least 0.382 fib zone, maybe even more. But if we are in a bull market, as the daily and weekly MACD is showing us then it is possible that we don't retrace a lot an just break to the upside. I think that is nice setup for a swing trade.

CryptoFricksGusti

I think that we finished 5 elliot waves and now we are making A to the downside. I think that in the range from 7800 to 7500 it's good setup for going long.

CryptoFricksGusti Updated 

We are in the golden pochet and we have strong bearish divergence. Nice opportunity to short it. SL on the previous top.

CryptoFricksGusti

We have 2 different elliot counts for BTC. In my opinion it doesn't matter in which way we will go, we can earn in both scenarios.

CryptoFricksGusti

We are finishing the last 5th wave in the wedge. It's a bearish pattern and i assume that we will break to the downside. Good for swing trade, i recommend stop loss at 9200.

CryptoFricksGusti

We are in the wedge pattern and we have the bearish divergence. I expect to retest the support line on the picture.

CryptoFricksGusti

On a weekly chart MACD shows a possible cross to the upside in about 2 weeks. We are also in a bull flag and have hidden bullish divergence. In my opinion we won't be retracing more than 7500. For more TA and signals join our Telegram group CryptoFricks EN.