Matt10Clarke10

Matt10Clarke10

Looking bullish off the low and indicators are showing signs of strength. Still holding from $0.3 and no plans to sell yet. Notable resistance ahead but clearing $2.40 should lead us to price discovery. Targeting the $6 region. Thanks :)

Matt10Clarke10

Hi all, Finally after all the choppiness we had a nice impulse! I am now looking at 2 possible scenarios, of which I prefer the bullish. Bullish scenario: I am looking to enter a new position at the 50% and 61.8% fibs of this impulsive move. If we have just printed a wave 1 leading out of the four, we will be seeking new highs. There's heavy resistance at 11k...

Matt10Clarke10

Just a quick one, and very risky. Shorting VET here as it looks like we may just have a blow off top. Hit a 0.618, lets see how it reacts. Only using a small positon size, but will pay off if this goes to plan!

Matt10Clarke10

Hi all, Been revising my count recently and the setup is looking very bullish to me. Sorry for the messy chart but as you can see the wave structure I'm following will take us up somewhere to the 10k region, at the top of our larger triangle. So far the channel we are in has held very well and looks like it could serve as support and resistance for the upcoming...

Matt10Clarke10 Updated 

Hi all, Opening a long position here as appears we have quite a nice setup. Looking to close this in the region of 7400. Thanks!

Matt10Clarke10 Updated 

Hi all, From the 3.6k low I count a five-wave leading diagonal which appears to me as a wave one. I'm currently short from 7190, trading the C wave down to complete a wave 2. Looking for the wave 2 to end somewhere in the region of 5.5-6k, we'll get a clearer picture of this as the move develops though. Thanks :)

Matt10Clarke10

Hi all, From the reaction we got at 3.5k it looks like we may be forming a corrective triangle, suggesting we're in the 4th wave of Bitcoin's super cycle. As suggested by the chart, I am currently expecting a double top up at 10.5k, followed by a final corrective E wave. Remember E waves can be somewhat unpredictable until we can see how they are forming, so we...

Matt10Clarke10 Updated 

Hi all, Been a while since my last update but I've just really been waiting for a further low to kick in. We're currently sitting at the top of a triangle that has been in play since 14k, so I'm looking to add a short here. Extension is possible up to the 9k region but I'll place a stop loss beyond this. Multiple targets within the 5700-5500 zone, in addition...

Matt10Clarke10

Hi all, Following on from my last post, we have finally broken down the 0.618 support, stop loss hit and now I'm evaluating how low we might go. Back in July I highlighted the importance of that chunky green support line we have on the log chart, it appears Bitcoin has broke this and hit the same line as resistance, suggesting we are still correcting. Currently...

Matt10Clarke10

Hi all, We've finally reached my retrace target comprising of four support zones shown within the green box on the 4H chart, with RSI divergence present. Although we have not yet seen reversal volume present there is declining volume on the daily since the rise from 7.4k suggesting we are nearing breakout in either direction. In this case I am bullish . We are...

Matt10Clarke10 Updated 

Hi all, A little miserable as I missed my retrace target for those extra sats, but happy that we're finally seeing some interesting movements in the market. Under my analysis we currently have two targets sitting at 8.5k, that is an also target at the -0.236, in addition to the 0.618 of this current impulse up. A retrace between the 0.5 and 0.618 is common for...

Matt10Clarke10

Hi all, A couple of days ago I posted a chart that suggested we're currently in the process of forming a second wave of a larger third. Targets for wave 2 lay between 8500 and 8900. I expect to see a small 2% rise back to the top of our resistance line at around 9200-9300 before further drop. I'm looking to add longs within my buy zone as this is where I...

Matt10Clarke10

Hi all, Today we saw a strong reversal from BTC after aligning perfectly in our 7000 - 7400 zone. We've hit 8.8k finding resistance at the top of our prior wave 4, suggesting this could be a corrective A wave. I am currently looking to long the 8100 - 7800 zone, and shall be placing orders accordingly in this area. If successful, I hope to close my long...

Matt10Clarke10

Hi all, Targets from our last short weren't quite met, however we did get a nice 10%+ short ride from 8.8k. We've observed a five-wave structure down to create a fifth that hasn't created a lower low, alongside divergence in both RSI and EW oscillator. A correction target around the 0.382 would take us to 9k, however there is heavy resistance ahead at...

Matt10Clarke10 Updated 

Hi all, Quick update on my last post - again sorry for the messy chart, I seem to work better this way. Anyway, still eyeing the 7.2k zone. My previous analysis had 7k - 7.4k as an areas of interest. Looking as if we now have now pushed in to a wave three of the larger five, I'm looking to see the price hit 1.618 - 1.75 which would take us to the 7.5k area. A...

Matt10Clarke10

Apologies for the messy chart just posting this as reference for myself. Multiple targets within the 7400-7000 zone. Assuming a typical five wave down structure bottom will be between 7300-7400. Golden zone from 3k-14k lays between 7000-7200 so also a possible target with an extended fifth wave. There's some heavy support here, I'll be going long in this zone...

Matt10Clarke10 Updated 

Corresponding with my update posted in July, Bitcoin has seen a prolonged downtrend over the past months following a strong rally to 13k . At this moment in time we are approaching my second buy target of 7.2k, hopefully forming a key pivot and reversing at this point. A breakdown below 7k would see the trend line we rode from 2015-2017 broken, with...

Matt10Clarke10 Updated 

Resistance has broken on volume, looking to gain support again here. If support holds looking to push up the pitchfork to two target regions. Target zone one: 204-206 Target zone two: 219-221 Should BTC reverse at 9k prior to ETH hitting either targets I'll close this trade.