philtime

philtime

We can observe completion of the latest ABCDE Descending Corrective Wedge and can now expect the next bullish impulsive upward thrust . 1st Target Price = 48,000 2nd Target Price = 58,000 See Weekly Chart below for Higher Time Frame (HTF) Analysis. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> SIMPLE RULES...

philtime

Update on my previous idea - see Link to Related Ideas below. As predicted BTC has had a strong impulsive upward move to $42k region followed by a healthy retracement which did break market structure which posed some concern. However (1) restrained selling volume together with the (2) extreme steepness of the impulsive moves upward trend line and (3) the RSI...

philtime Updated 

Re-accumulation as per the Wyckoff Methodology is nearing completion as indicated by the appearance of an Impulsive Break of the major descending trendline. Two scenarios can possibly playout that being whether the Impulsive Break of the trendline extends to break the last significant structural Level before retesting this level and advancing higher OR whether...

philtime Updated 

35 period MDRP Down signals a BITSTAMP:BTCUSD short sell or profit taking on existing long positions. The Bears are completely in control as the "Continuity of Bearish Thought" continues its domination, this being indicated by the following points:- (1) Presence of multiple Bullish Divergences; (2) RSI rally high to under 60 level on Hourly Chart under 40...