Bitcoin Market update
Updated
Hello guys,
We had a tremendous move today which surpass many people expectation and only few people were lucky to be on the ship because majority believe BTC will sink before rising.
Let get to it, this is quick market update as we can see the momentum is still very much in play for BTC which may likely make retracement to be difficult at the moment but my expectation for now is to see the price stable and stabilize on 4840$-4900$, this level should be the end of our sub wave iii of Big wave C.
If the above happen then looking down towards the type of retracement we had on sub wave i move shows possible expansion with price holding at 61.8% fibonanci, this implies that sub-wave iv will definitely be contraction with max of 50% fib retracement,.
Our trading idea should be looking to long BTC at the following fib levels of sub wave iii moves:
level 1= 23.6% @ 4578$
Level 2= 38.2% @ 4406$
Level 3= 50% @ 4266$.
This call stop loss should be little below 4000$ range.
BUT, if price fail to retrace this mean we will have possible continuation towards the provided target around 5150$-5225$.
Thank you for reading my updates.
Do know that I appreciate you taking the time to read my posts and Please leave a LIKE and FOLLOW us for more updates.
Thank you
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
We had a tremendous move today which surpass many people expectation and only few people were lucky to be on the ship because majority believe BTC will sink before rising.
Let get to it, this is quick market update as we can see the momentum is still very much in play for BTC which may likely make retracement to be difficult at the moment but my expectation for now is to see the price stable and stabilize on 4840$-4900$, this level should be the end of our sub wave iii of Big wave C.
If the above happen then looking down towards the type of retracement we had on sub wave i move shows possible expansion with price holding at 61.8% fibonanci, this implies that sub-wave iv will definitely be contraction with max of 50% fib retracement,.
Our trading idea should be looking to long BTC at the following fib levels of sub wave iii moves:
level 1= 23.6% @ 4578$
Level 2= 38.2% @ 4406$
Level 3= 50% @ 4266$.
This call stop loss should be little below 4000$ range.
BUT, if price fail to retrace this mean we will have possible continuation towards the provided target around 5150$-5225$.
Thank you for reading my updates.
Do know that I appreciate you taking the time to read my posts and Please leave a LIKE and FOLLOW us for more updates.
Thank you
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Trade active
Hey guys let keep an eyes on these trendline resistance zone, they are the core enemy of the BULL Market. Fingers crossed to see how market will behave on them. I tagged them TRENDLINE RESISTANCE (1,2,3)Trade active
Present BTC movement look like potential crab pattern with targets towards 5125-5400$Trade active
Trade active
Strong signal coming from the angle of ETHUSDT as it hitting strong top again and price get seriously rejected.
Trade active
hey guys SKYCOIN look to be extremely bottomed out, I see this as a quick BTC multiplier for those that wish to grow their BTC. Do check it out
Trade active
spotted the first bearish divergence with possible hidden SHS pattern, it look like the time for correction is getting nearer. Trade active
Hmmmm, what a hell, BTC just rally and hitting all targets, CRAB Harmonic pattern is reached. Price touched 5125 next is 5417$
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