This number is just not a random number, there are many indicators that are leading us to this number. 1/ In the previous bear market. Bitcoin's price retraced precisely to the 0.887 level (88% retracement) from the previous all the time. If in the current bear market, if Bitcoin also retraces to 0.887 level, it'll lead the price to the 2400$ area. 2/ In the...
Indicators: 1/ The price starts to move below of the triangle. 2/ Weekly RSI still have lots of space to drop. 3/ 0.786 fib level does not seem to hold pretty well, the reason is there is no clear support on the chart at this level. 0.887 is a much more significant support because that price is overlapped with the previous strong resistance (0.7cents -...
Let's look at some indicators: On the weekly chart, Cardano is not oversold yet, it still has some more room to go down. On the daily chart, the bullish divergence is forming but it's not quite clear at this time, the divergence will look more significant when Cardano falls to 635 Sats area On Ichimoku, Cardano is still sitting under the cloud, the cloud has been...
As you look at the chart, there's already a clear sign of bullish divergence on the daily chart and it also almost oversold on the weekly chart. Which indicates that a big bounce is quite ready. However, I do believe that Stratis hasn't found the support yet, the volume is still fairly low and looking at the chart we can easily see that the biggest support is...
Theoretically, Bitcoin is almost at the end of wave 3, it is might still trying to complete some sub waves to complete the whole structure, after that we will see a bounce (wave 4) to above 5k, I'm confident that this is a relatively strong bounce because we already had a very shallow wave 2. According to EW theory, if wave 2 is shallow then 4 will be sharp,...
Impulsive or corrective wave does not matter, it's more than likely that Icon(ICX) will have another push with the length of the previous wave (A wave) Buy in now: < 9000Sat Take profit: 14000Sat. Stop loss: 8200Sat.
Context: The last drop stopped perfectly at the golden zone ( 0.618 of the previous impulsive wave ), which indicates that there's potentially another impulsive wave (Either a C wave or a 3rd), this is a highly profitable trade yet pretty safe. Buy in: 1550 Take profit 1: 2200 Take profit 2: 2500 Stop loss: 1400 Profit/loss ratio : 850/150 or 6/1
Go long now, 7400 - 7800 is the target. My mom can even trade this :) Remember to close at ~ 7400 because I still firmly believe that it will eventually fall to 4800 or even lower, I believed this since day one, and I still believe it now. You'r welcome.
To make it short ( as I'm not a talker ). 7150 will be BTC's definite support for a couple of days. I assure you guys that Bitcoin won't break that this week. Bitcoin will have a bounce there and I'm not quite sure how big is the bounce but it worths opening a long, to clarify, this trade is just for day traders, long term I still believe Bitcoin will go 4k5 or...
I know many traders are yielding for Bull now but it's hard for me to take Bitcoin seriously with this amount of volume. Using ElliotWave & fibonacci count, I also notice that we've just had a perfect A-B-C correction from the 1st wave, wave C will very likely to hit the golden zone ( 9300$ - 9400$ ) So the play right here is fairly simple, short above 9300,...
Yes we had a bulltrap and I am one fucking hundred percent sure ( 100% sure )!!! As you can see on my chart, we've just had a perfect A-B-C corrective wave ( started at 6500 and ended at 9700, 1:1 extension), you can also see that the bull trap (X wave ) was stopped perfectly at 0.618 of the W wave. So what's that mean ? That means we'll have the last Y wave down...
......For a rise or a drop, I have no fucking idea. Basically there are 2 levels to watch, breaks the blue line = 10k+ . Breaks the red line = 8k5. We're at neutral zone now so don't open any trade just yet. Wait for the confirmation at the lines I drew. To be honest, even though it might break the blue line, I won't open any Long on Bitcoin or any other crypto...
It's very highly likely that ADA has just finished it's 5th subwave and the pullback is ahead, this is a very profitable trade with a tight stop loss above 0.65 fib level ( 0.000004127 BTC) Target 1: 0.000002889 Target 2: 0.000002597 Regards
0.618 retrace, catch the 3th wave ( or C wave depends on which trend we're on), very profitable with a slight stop loss above 0.65 level. ======== Short: 9417USD Stoploss: 9497USD First target: 8867USD Second target: 8600USD Risk reward ratio: 80/600 ( 1/8 )
Ending diagonal ( some calls it ABCDE ), a typical structure of subwave C. I promise you guys that Bitcoin will have 1 last push up to ~ 9650 before break down. Be ready, short above 9600, stoploss 9750 , we won't see BTC at this price for a while.
Look at the red arrows, you can clearly see the pullbacks at the FIB levels: 0.382, 0.5 and the biggest pullback was at 0.618, the golden area. And if you draw a fib line from line A -> B , then you'll see C ended at 1:1 perfectly, What else can it be but a corrective wave? I don't know why many ElliottWave trader is calling the last rally "impulsive", how do you...
The chart says it all, I'm not a blogger so I don't wanna say much here. Most of the time, I'll put the talk in the chart. So: Short above: 9590 Stoploss: 9700 Target 8500 ( 0.328 retrace ) 110/ 1100 risk reward ratio.