Long

MY MINIMALIST CHART ANALYSIS FOR $BTC

Updated

JUST WAITING FOR A GOOD ENTRY AFTER A CORRECTION OR WAITING FOR AN ABCD COMPLETION.
GOOD, IF IT PUSHES FURTHER DOWN. GOOD IF IT BOUNCES UP AND STARTS TO RALLY UP STARTING TODAY AND ON MONDAY.

1) I CAN MAKE TWO LIMIT ORDERS NOW ON CORRECTIONS AND HAVE A TIGHT STOP-LOSS ON EACH.
2) OR, SIMPLY SIT AND WATCH THE ACTION FOR MANUAL MARKET ORDERS.

Trade active

LLOKING AT AN ABC PATTERN (CONTINUATION/REVERSAL)

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Trade active

having a hard time at resistance re-test. FUD setting in I presume. All cryptos will be affected. It looks like buyers are at the lower support re-tests levels.

Just trade cautiously as FEAR is setting in.

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INTERESTING 4HR CHART

Trade active

We are looking at a correction of 0.618 and it seems to be holding on to it.
Probability for it to go further down is by breaking a major key support level. As you can see, it has been rejected several times recently and back during its bull run.
Having this in mind, also has not corrected to its fullest of 0.618 from its lowest price to the highest made. So we can expect several bull traps and bear traps to happen.
If it does, we are looking at 27k down to 15k levels. a Second entry or third can be in place at this levels if it has broken through your stop loss levels.
I am not worried since my strategy has 3 entries . Happy trading!

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what about an inverse head and shoulder?

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Momentum is slowing down as it nears key level of support.

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KEY STRUCTURES

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ADJUSTMENTS TO AREA OF VALUE.

FUD SETTING IN, AND EXPECTING BUYERS COMING IN AT 30K ZONE a KEY SUPPORT AREA OF A GAP.

IF FUD CONTINUES EVEN AT THIS LEVEL, WE CAN EXPECT SUPPORT to 28K as these are resistance turning support levels as well as 1.618 fib level.

THIS CAN BE GOOD OR BAD NEWS FOR INVESTORS, SO TRADE WITH CAUTION, WATCH PRICE ACTION AND DO RESEARCH.

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MADE AN ENTRY

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ABCDE ELLIOT WAVE

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ADJUSTED LEVELS AND AREA OF VALUE ACCORDING TO MARKET MOVEMENT

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FROM A WEEKLY POINT OF VIEW
Candles look awful but would be a good entry to lower levels

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LOOKING AT IT ON A MONTHLY
We are still good

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So far so good, another 15%

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WOW!

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4hr

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nice entry at us31k, exit close to 40k trading ranges.

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If it cannot break resistance, 20k we go

The_Crypto_Samurai

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MY MINIMALIST CHART ANALYSIS FOR $BTC

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