harryface

harryface

There is a formation of a Falling Wedge on the H4 time frame and price is currently above a major resistance. I will be taking a leveraged trade on the breakout of this wedge with my TP 1 at 9.9 and TP 2 at ATH.

harryface

Symmetrical triangle formation on support zone Mini divergence on H4 Williams %R on a good level I think its a good entry point.

harryface

There is an ascending triangle formation on waves, as displayed on the chart, if and when it breaks and closes above $28, i will be opening a leveraged long till Tp's.

harryface

From my basic knowledge of Elliot Wave, i believe BTC would form an ABC patter that should touch 42k. The Fibonacci levels are also at a great range. The 5th wave formed an ending diagonal, which is complete. Above all, this is not a financial advice.

harryface Updated 

Though i am more optimistic it would go up, but a downward movement is a possibility too.

harryface

I believe it will break the resistance, retest and then make a new ATH.

harryface

There is a bullish divergence on 1W, coupled with the fact that it is currently sitting on a major support. I am in for a long position.

harryface

Gold consolidated between 1870 and 1830 and eventually broke 1870, i believe it would retest the 1870 region and then go up to touch the resistance zone around 1900 which also houses the 1.618 Fibonacci level. Its worthy of note that this is an analysis, and can as well act otherwise.

harryface

On the monthly time frame, its forming a symmetrical triangle but that is not what fueled this sell. On 4hr chart we have an ascending channel which has an intersect with a trendline , which can be seen clearly on the monthly chart. I believe it will sell, and touch the next support at 1.14717. If you are a risk taker, you can ride it down to 1.09.

harryface

For now i cannot say the direction to which BTC will be breaking the pennant. If it breaks upward, we will be possibly passing $10,607 and if it breaks downward we will be passing $8,232. It is worthy of note that there is also an existing channel on the Daily time chart; and the question is if we will break it or visit the $6,000 region.