Bullish on Bitcoin
Updated
Been spending more and more time looking at all possible scenario's.
Although there is still logic for both Bullish and Bearish, I am a reactive trader - currently waiting for my confirmation on the long term entry.
I have shared several video's lately on the two types of scenario's and here's some additional info;
Here we have a weekly view (software generated Elliott count.
Here's the daily;
If the Daily proves correct - this is what the cycle wave should look like;
Fibonacci levels kinda make sense;
A 38% Pullback would be inline with the previous resistance;
Look at this all the way back from the 26th of March (see the date)
The image above was from this post:
And this is the current view;
Same goes for the rocket post (going back to the 18th of March) - what is interesting here, is the key levels are now Support & Resistance.
Play this scenario forward;
========================================================================================================================
So what is your take? are we going to the moon or just another high before the bigger drop?
Comments below.
Have a Great Week!!!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Although there is still logic for both Bullish and Bearish, I am a reactive trader - currently waiting for my confirmation on the long term entry.
I have shared several video's lately on the two types of scenario's and here's some additional info;
Here we have a weekly view (software generated Elliott count.
Here's the daily;
If the Daily proves correct - this is what the cycle wave should look like;
Fibonacci levels kinda make sense;
A 38% Pullback would be inline with the previous resistance;
Look at this all the way back from the 26th of March (see the date)
The image above was from this post:
And this is the current view;
Same goes for the rocket post (going back to the 18th of March) - what is interesting here, is the key levels are now Support & Resistance.
Play this scenario forward;
========================================================================================================================
So what is your take? are we going to the moon or just another high before the bigger drop?
Comments below.
Have a Great Week!!!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Note
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