lucian136

lucian136

BTC is at a deciding point. We see a 5 waves complete of the impulse. However it is not yet dumping, we may have an extended wave 5. The top chart is the bull case, if we break the ascending triangle now. next resistance 51 000 - 54 000USD for exit. The middle chart is bearish case, if we dont break this high, we are going for a 1 week of short term...

lucian136 Updated 

We go down - careful longing I see bigger 5 wave is done.

lucian136

The price of btc has been up and downs in the 40 000 USD range for the last few days. There is no doubt that this cumulates to a bigger move coming up this week. Here are our analysis on the potential Bull and Bear cases. My strategy is in the critical point paragraph below. Bearish case On the top chart, we have our bearish case. We broke down the raising...

lucian136 Updated 

My bias is still bearish short term. I counted a five wave up and personally waiting for this correction down before another leg up to 48 000USD. However the price shows resilience that it doesnt want to dump yet. On the short there might be a potential break first to the 38200 level, I shorted the break of the symmetrical triangle above with small capital. Play...

lucian136 Updated 

If you are confused about the chart today, this is where you want to be. We were doing well and breaking the resistances and why did we dump now and where we are going next? The summary is, Short-term - I am bearish to 35 000USD level Med-term - I am bullish to 48 000USD Long-term - Bull market On the top chart, this chart didnt change from our previous analysis...

lucian136 Updated 

Looking at the top chart, we have completed 12345 impulse wave down to 30 000USD level. We bounced to 40 700USD yesterday and we are sitting at a critical point today that will determine the med-long term trend. Looking at a bearish case, we have completed ABC wave going up to 40 700USD level and we will go down impulsively to 20 000USD. The other case we all...

lucian136 Updated 

We are at the top of the resistance level. The top is 39800USD. Otherwise we break 40 000USD and moon. Shorted with SL. LZ

lucian136

Looking at the chart on the top, we have a bigger picture with confirmation of where we at right now. The top and bottom resistance and support are clearly layed out on chart. We have a side way channel with multiple confirmation including the low 29200 yesterday that works as further confirmation of the resistance and support. So where are we possibly heading?...

lucian136 Updated 

The strategy is to buy after breaking up the concluding triangle or build portoflio at wave E. SL is below E area below 30 000USD. The price can fall as low as 28 000USD but need a bounce up quickly if it does.

lucian136 Updated 

The price has been going side ways for 2-3 months now. For long term trend investing/trading Bullish - we break 42000USD on the daily, we will go to 48 000USD. Bearish - we break 29000USD on the daily, we will go down to 20 000USD (Previous ATH). For short term outlook - referring to the chart posted, we have a bullish set up for a falling wedge with ABCDE wave...

lucian136 Updated 

If I were to tell you we are bullish after today's dump. Do you think I am crazy lol. I am not a financial advisor, but here is the analysis. The answer is we will bullishly going up unless 32 000USD is broken down. We are in the leading diagonal going up for ABCDE in a much bigger timeframe. This timeframe is much bigger than the previous analysis posted. But...

lucian136 Updated 

Taking a look at the chart on the right. BTC currently is ranging between 30 000 and 42 000 USD. Here are the possible cases for BTC. Ultra bullish case (20% chance) 1. We had a wave 1 of the impulse wave, for the past week, it was the wave 2 and now we will have a wave 3 breaking this raising channel and 42 000USD. As mentioned, this is unlikely to be the...

lucian136 Updated 

Looking at the chart after the dump from 65 000USD, we can clearly see the price moving between the 30 000USD - 42 000USD range. The price just broke upwards of the falling channel shown on the chart. This was an indication of bulls coming back, we had a 9% pump ever since this channel was broken. However we have not yet broken through the 42 000USD level. Here...

lucian136

On the left chart we have this downward channel which has been around for a month since the dump to 30 000USD. As we can see, we are trying to break this channel. The successful break will lead us to the bull case we were talking about in the previous analysis. We can see on the right chart the EWT count I did on the BTC analysis. We can an ABCDE symmetrical...

lucian136

On the left chart we have this downward channel which has been around for a month since the dump to 30 000USD. As we can see, we are trying to break this channel. The successful break will lead us to the bull case we were talking about in the previous analysis. We can see on the right chart the EWT count I did on the BTC analysis. We can an ABCDE symmetrical...

lucian136 Updated 

The chart on the left shows we have a descending triangle where is it trying to break above the downward trendline. The chart on the right shows on a 15mins timeframe that we are trying hard to break this level. Bullish case - we break here to 37 000USD and retest this trendline in the daily timeframe. This retest will be a good opportunity to buy as we will be...

lucian136 Updated 

The chart on the right is the bullish case. We are having a contracting triangle in ABCDE completed. We are currently retracing to the levels on the chart. We should bounce before 30 000USD is reach. Adding in this range would be a good long term bag. The chart on the left is the bearish case. In this case we are in the bear market where we had an ABC correction...

lucian136 Updated 

From what we can see from the chart, BTC broke the symmetrical triangle after all this dump to 30 000USD two weeks ago. We can see from the chart on the right that the break out occurred and retested the trendline and bounced up for a confirmation of the breakout. However as soon as the daily chart closed at UTC time, when we have a full confirmation of the...