wolfewave

wolfewave

BITSTAMP:BTCUSD lets be "Neutral" for a second and look at whats going on in the 10H chart. There has been 2 breakout attempts, one almost made it with a resistance turned support retest and bounce near 69k but then failed miserably. On the bearish side we had, 4 bounce off the support BUT it seem that its possible the 5th time will be the charm. The trading...

wolfewave

Let’s short this thing now and let’s ride down. From technical perspective it’s very simple, but mostly it’s around fundamentals and political pressure and uncertainty

wolfewave

What a piece of beauty the wolfewave is, spotted at TOP and came down to low of month, love it

wolfewave Updated 

This is finally shaping so well, we might see a touch of upper line inside the wedge near 70k, but not always. The move down to near 60k will be explosive, the pattern is invalid only above 73k

wolfewave

It is possible that we are making a larger wolfewave , we are nearing point 4 that means a impulse wave up to supply zone need to happen.. that can take us to ATH near 80k and shortly after that dump to near 50k

wolfewave

Everything in chart and we tracking the previous wave still active

wolfewave

Read more about wolfewave here www.wolfewave.com Note: Not my invention, but such profitable tool.

wolfewave Updated 

Target is so deep you can’t even picture, it won’t happen over night but “we are never going under 50k” would be crying. This is going to be long term trend change, bitcoin was never in Bearish trend, but here that changes

wolfewave Updated 

We broke down under the trend line few days back, the pattern is classic Bull trap where the liquidity is around 71-73k Unless we close straight up for 2 days above the broken trend line, keep selling for much greater profits.

wolfewave

Trade within the range marked, sell too near 71500 and buy near 65000 Stop loss is just 1000 point above or below the range, if broken out of range go long above, or short below, the breakout/down will be in nearly 10k range

wolfewave

Touch and go? #BULLTRAP #btcusd Is it happening? Failed to penetrate back into channel

wolfewave

Everything is in the chart but lets review my take. Leaving wolfewave pattern aside, we were in an ascending triangle which broke down, uncommon but not rare sighting. Bulls were hoping it to break out but if I have learned anything from Bitcoin, it works against all odds. So we broke down and now bulls are trying really hard to get back inside it, which will...

wolfewave Updated 

66k is such important mark that it could make or break the complete trend of Bitcoin. This trend line has been tested 3 times in past and price have risen 24%, 45%, 18% respectively. This time even if its to rise 18% from now, it will bring the price back to ATH. I am tracking a Bearish WW pattern also in 4HR/Daily charts which points to touching near 55-58k on...

wolfewave Updated 

I think this price action was very ridiculous. Not enough volume for me to believe this was a true bear move. It feel more like a bull trap was setup around 71k few days back, and bulls taking revenge by setting bear trap by closing under 66k Extending the bottom / stop to 65k and going long at 65500 now

wolfewave

Similar to few days back, we are back onto a asymmetrical triangle pattern and last time the break out did not lasted long, so maybe the bears will get it this time given that 66k has become new 69k I am opening shorts as risk reward is great. Short at 66, Stop at 69, TP at 60

wolfewave

Is it possible ??? Correction: IT IS possible !!! We may correct all the way to 45-50 before we go up to 150k

wolfewave

If bulls have upper hand at preserving 66k then we are very much likely to keep the move up to 85k in coming days.

wolfewave

Everything on chart but basically a very strong Wolfewave after a short consolidation and triple top. Here are driving force behind this explosive move * Options expiry, weekly, monthly, quarterly * Triple top in Hourly * H&S in 4HR * Wolfewave in daily * Distribution above 70k the bounce back from under 60 shall be quick, so I have my Profit taking near 60k and...