Hi everyone, The price of bitcoin has formed a wave (a). We expect the completion of the upward correction in the wave (b) and the next dump in the wave (c) to the levels of limit purchases at 4840-4700, where you should be considering purchases with a target of price increase to the level of 6750.
We expect the completion of the ascending wedge model at 4200 and the beginning of the correction to 4000 and below. We recommend to sell from 4200 with stop loss at 4280.
The bull market model still remains promising. However, over time there is a risk of triggering an alternative scenario. Locally relevant buying from the level of 3930, 3830 with a stop loss at 3760. If buy position closes with a stop loss, the alternative scenario will become the main one.
Price moved up. We expect a further increase in the value of Bitcoin in a bull market model. The main level of change in the general market trend and wave marking is 3870. Priority purchases from supports.
Within the local scenario, you can buy with a target of 4600 and stop loss 3890. 3890 - the level of change in market sentiment (can used for short sell with a target of 3600). 3600 - the level for the purchase of an alternative scenario with a stop-loss of 3400 and a target of 4600.
Locally, you can buy from the level of 3500(bitst)|3600(bitf). Stop loss - 3300(bitst)|3400(bitf). Good luck to everyone!
hello colleagues last week was complicated and depressed. The critical point for buyers is $ 3750. On wave analysis at this price, wave c = 0.786 wave a: Also, if we pay attention to the horizontal volumes, then we came to the liquid zone, where it is possible at least a rebound. if you look at the 12h timeframe, then we see a clear local level of $ 3900. This is...
After a long consolidation, which began in late 2018, sellers were able to break the triangle down. The sharp drop was due to the fact that: 1) Stop-loss of buyers and their positions began to close at the market price 2) sellers after a long systematic closing of marginal positions began to actively open them: After the start of the fall, the buyers initially...
as we saw here Now we see reversed head and shoulders pattern we will move fast to 50000 You can buy now and wait :) Good luck guys
Btc is currently testing a very important support level around 7.5k is really important to hold for bulls or it's looking like another wave down to around 4.8k. Watch what btc does the next few days and enter a longer term trade. This support is from all way back in jan 2018 so it's very important. If we break bellow it tells us that a high chance the breakout was...
btcusd is bout to pass support line for second time , i think this time is will pass and go to next level. - event worldcup this month in russia is also a good opportunity for bitcoin and other alt coin to followb ( hotel and some place will accept btc as currency)
We will see...I think the influx of btc will help waves push through this slump. Timing looks good. May 3rd. A lot more than 2000 people signed up for the airdop. All with BTC waiting to be spent. See you on the other side
Waves bottom reached or one more leg down before a reversal? We need to pass the EMA 50 resistance line (orange line) in the 4HR chart to break the falling wedge, but I think the bears will take Waves one more leg down to the bottem line of the falling wedge before we will see a pottential reversal. RSI and Stoch RSI indicators are telling me we take one more...
Looks like, we are now in wave three of this correction up start of BTC with more waves to come. Wether it is a correction or a new bull market, is hard to tell. So wether we just make an A-B-C up correction or a new set of 5 main waves, to new highs shall be seen. In any event, if we can hold above that 9.8k mark and hopefully blow through it, like a 3rd wave...
Just another follow up on waves, sold out again will buy back if we break resistance, feel we need to pull back to horizontal trend line so playing safe and enjoying profits, total of 38% up safely!
BTC / Waves - Watching if it follows support.