see chart short based on daily long based on 30 mins
price should follow arrows considering bull and bear strength in momentum and projection should pullback into 0.618 significant area Long if: shows bullish rotation around area If 0.618 broken and closes even deeper, potential overall reversal of trend and will look for shorts instead Pray that the 0.618 holds.
I'm sorry to say this, but BTC needs a retrace. BAT formation on the HTF while LTF shows an ABCD completion Looking at a target of B though there are a few other areas of demand which might slow down the descend. Furthermore, look at that RSI, divergence as clear as day.
Another higher low with bullish engulfing? RSI divergence with what looks to be a double bottom? Looking like a completion of ABCD downwards without a close below the 0.786? LONG IT!
Too much up, now needs a bit of correction. Last minor swing up retraced 100% thus now we're looking at forming a lower high and lower low at least in the LTF situation. 1.27 extension for a short at least.
just a short update to last week's long suggestion. If you're not planning to read the analysis, my overall opinion on next week's move is "Bullish", but in the end, i may be wrong too. Long biased targeting 12850-13050 (blue zone) . Further action? Price comes back to retest 12000-12200. so btc outperformed expectations. Was initially expecting targets of...
Hi guys, another update on btc. Seems like the last update didn't play out so well so i've went back to the textbooks to study about what went wrong as well as to incorporate other elements into my strategy to make it more accurate. Let's start A general weekly view: Seems to be forming a bull flag with the decreasing volume. Daily view: We just bounced off...
2nd update with targets at green lines. This chart fits the bullish gartley pattern with further confirmation if weekly chart closes as a doji at demand area. Would be a good area to long with a nice R:R. Furthermore, this might be the weekly higher low for ltcbtc which mean an uptrend is in place if this bounce is successful with formation of a higher high (this...
Long biased. Just a quick explanation point-based explanation as to why Why? 1) Bounced on demand block 2) Bullish gartley pattern seems to be playing out 3) Bullish engulfing on the daily. However there's still a lot of resistances/supply zones above and that this is a major downtrend so do take note and trade safety.
I'll start trying to update btc every week if there's anything interesting. Seems like btc played out as per the previous update, bouncing off the zones and now doing it's 3rd (and most probably final) test of the supply zone . Highly probable chance of breaking out considering that it's the 3rd test and the rejection from the prior test is pretty weak....