Entry point at 0.5-0.618 fib retracement. Stoploss above last high. T1: 1:1 fib ext confluence with previous low. T2: 1:16 fib ext confluence with ATL Risk/reward: T2 almost 3 10x leverage STILL BEAR TREND
Entry point at 0.5-0.618 fib retracement. Stoploss above last high. T1: 1:1 fib ext confluence with previous low. T2: 1:16 fib ext confluence with ATL Risk/reward: T2 almost 3 10x leverage STILL BEAR TREND
1. Trend resistance lines every 6 degrees and acting as support afterwards 2. Confluence on Deth2018 (1 year after ATH 1.17% ) of EMA , big support trend line from previous bull time and 6degrees trend lines . Just an idea, beautiful for me.
In my opinion, ending ABC of first wave impulse, with a 0.786 retracement and 0.786-1:1 of A-C RSI oversold and forming bullish divergence Needs one more dip to catch the bottom, buy order at triangle.
Falling wedge as 5 wave of C of ABC correction. Pattern which ends at support trend line 6.8-7.1 Indicators show data that reversal is near (RSI and MACD). IF 6.8-7.1 fails, last hope is 6K.
Look at the chart, explanations there
Look at the boxes at the chart
Ascending triangle trying to beat 1374-1400$ Look at the chart to details of targets and elliott wave count. ------------------------------------------------------------------------------------------------------------------------ Triángulo ascendente para tratar de vencer la resistencia de 1400$ Atentos a la gráfica para detalles de objetivos y cuenta de...
MACD, RSI, OBV and chart patterns indicate a high probability of breaking down to 7.6 area, look at the chart. If bear trap, breaking up to 8.4, highly unlikely, but, do you know about TA, nobody is 100%...
1. Most likely reach 8.6-8.8 area and after, correction to 7.5K 2. If we get volume and RSI gets higher hight, maybe beating 9K with penetration and end big bear trend (unlikely but possible).
Analysis with indicators, patterns and elliott wave, looking for ending of impulse wave and supports of the next corrective waves.
I post two options in the daily chart, looking for the end of the bear market since 22DEC. Big bear trap the day before yesterday, nice to keep in mind situations like that to be careful next time. Details of the options in the charts....
"D" has completed and we are at "E" (last wave of the triangle). Usually bull traps at D, big candle rejected by the bears. Always wait for confirmation. Same situation for the bears, if BTC breaks support of the triangle, wait for confirmation/penetration, because could we a bear trap, although is very unlikely a reversal. After breaking support with E wave,...
Is formed a bear flag pattern, continuing trend, and probably breaking the support, heading 6-5.7K Unlikely, this is a reversal pattern and goes to the roof to the big bear simmetrical triangle, ending the last E wave, probably not beating the resistance and going back again to break the support to 5.7-6.0K BOTH OPTIONS - BEAR I can't see reversal and begining...
Simmetrical triangle in a bear trend, inside big simmetrical triangle. Target, Support line of big triangle
Weekly chart is so important in analysis of the big picture, the principal trend. In the chart I explain the trend lines, figures and EMAs that i have put. Using this and looking at the indicators, i try to predict three possible bottoms. My choice, 5.7K. El análisis semanal es muy importante para la tendencia principal y la dirección general del mercado. En...
Still in the bear trend. Looking for the 5th wave and, likely, the end of bear trend.
Hi everybody: This is one possible count. BTC could be in last wave down to 6.0-5.7, and could be now bouncing in 4th subwave, with roof at 7.3 or maybe 7.8. I don't believe bear market is over because: 1. Volume is still super low. 2. RSI in 4h hour reaching overbought area 3. MACD in bull area but losing volume and in negative area 4. Important resistance at...