Adjusted circlesMarket very much the same, some minor adjustments on our curves in relation to last idea
Fibcircle
Gray regionAfter failure to go further up, BTCUSD got a massive correction. Market is now on a gray region between previous low and previous high. So we are monitoring both bulls and bears as always any circle break would trigger more action. Possible targets for both directions on chart, just look for the green flag !
Bear TimingToday update we are going back to the daily TF where the bigger picture is folding. Our Bear target is the same for the last month, also mostly our bull ones. This perspective provides reasonable and usually very precise timing to take decisions on your risk management.
If you can't really understand all the curves, just look at the green flags holding possible bear and bull targets with expected timing.
Side note, look how we are about to cross the big green curve holding the bulls, but failing to do so will hammer it down to the bear target very fast !
Margin trade updateThis is an update to our experimental charting on margins market. Our previous chart showed very precise insights. Let's see how this unfold, every curve is possible support or resistence. By crossing the margin behavior with spot market you can figure out what is going on. Currently margin market is showing correction from a very bullish position. The dominant market is still bearish while it is below 9K while margin is still very bullish.
Adjusting timmingTime has passed and our previous study failed some of the timing targets, that's part of this methodology as there is a lot of harmonics market can stick with. This is a new one, with market still on a gray area below 9k.
New perspectiveBulls and Bears are always around, never forget to spot both perspectives. I manage to find new perspective featuring both so we can always handle it with risk management. Targets for both on green flags.
Just another analysis updateThis is just another boring analysis about WTI, after our previous analysis got invalid this one shows a bigger picture.
Where are we in the correction? BTC 28 JUN UPDATETL;DR
I am expecting a slight pump (motive) wave inside the correction that we are in right now.
(see 'c' to 'd' purple line).
This MAJOR correction started when BTC fell from 10k and it *COULD* end at $4.7-5k over the next coming weeks. But we shall talk about this point when we reach it.
Right now, we are in a 3rd subwave of correction which should be followed by a 4th motive wave of rising prices.
But first, I'd like it to hit $5.5-5.8k so it would finish the current "mini" wave of correction.
At $5.6k it would also hit the 0.236 Fibonacci Retracement which means it should've expanded it's downwards energy.
At the moment RSI & MACD don't tell me too much - they look neutral at the moment, even on short candles like 2h. I'd rather wait and see what happens next.
StochRSI says "oversold" - but this is just one indicator out of many, and the rest are not so positive.
BTC price struggles to breach MA(100) on 2h candles in the last few days - i will not that put that on the chart because it will look even more heavy.
I'll be waiting at that $5500-5800 level for an entry
OR
Having a buy-stop at 6200 ish and expecting to sell it fast or with a trailing stop loss.
Also, I'm watching that resistance at 50 RSI for any signs of breaking towards bull territory.
If you like this chart & analysis, please make sure to upvote - It really helps.
Harmonic analysis since ATHMarket reached an interesting harmonic on Fibonacci levels where several key important milestones lead market to hit a new lower low at 0.0 Fib. The market can always go to other harmonics but this idea is provide perspectives on risk management operations you might consider for a long position.
Bear target updateThis is our updated analysis for the bear target as the previous deadline expired. I have found other harmonic where thing can happen on the bear side. For those bearish the target remain the same provided we don't get another lower low. Some support curves got broken and Market is close to another one. Market is accumulating for it's next big move and here I am providing perspectives for those who can get some inspiration to setup their risk management.
Market updateMarket has another break down and is heading to our target at 5.2K but there is still lots of harmonics curves on the way to keep an eye. The previous curve could now be resistence while I have charted new ones from another harmonic highlighted with dashes.
Another bearish perspectiveThis is for those bearish on EOS as the previous bear view got invalidated this one brings another harmonic into place. As you see it failed 3 times to break up the 1.618 blue circle fib and it suggests where it is going if this bearish scenario continues.
Bigger Picture updateThis is basically the same analysis of "Back to the bigger picture". With all inner small TF bullish scenarios getting broken one by one, always on the right circle fib harmonic so we are tracking the market so far with perfection. There is no place for bulls now despite the daily timeframe where a double bottom is on place and with leverages almost equal for bulls and bears market can go anywhere from here. So this is not about forecast the market but provide ways to setup high ratios on risk management. The bear path is looking very strong and unstoppable so far. If you couple this idea together with margin trade idea I think your judgement will be a lot enlightened. If you are able to make good use of my charts click on the "Agree" button to show your support !
Updated Margin tradeThis is update for my daily TF margin analysis. I am using some experimental fib circles on it. Margin and Market are not always in sync, so it create a lot of opportunities !
Inner updateThis is another update to help you guys figure out what and when to look out as a point of attention. The daily 1.0 Circle fib got broken together with the double bottom but since market is filled with inner harmonics those are very good points to consider. Back to 4H TF we got another harmonic where the last brake down stopped and it's circle curve is the new support where things can go even further down in the bear path to it's target at 5.2K. In case market reverts suddently from here the first bull target is 9K.
Bullish perspective revisited Market is not that good for bulls for a while and, with lots of harmonics everywhere, this is a perspective for those hardcore Bulls over there. There is some cases where Market revert on the 1.0 Circle fib and this is the most optimist bullish perspective you can get right now. It is also an exercise against biased thinking and some reference for bear setups which can get broken.
Missing Bearish viewThis is the pending bearish perspective for BTC from the last Big picture idea. The dashed curve circle could hold this pattern and remains bullish, in case it get broken market will make his path further down with inner target at green flag.
3rd waveThis bullish perspective is about a possible 3rd wave for EOS, not Elliot waves, just 3rd of 5 waves. There is several harmonics on EOS right now and charting all of them would make the chart a mess so I charted just one I think is strong. Still it is unclear the target so I just put 2 targets on chart. I will try to chart a bearish chart too soon.
Inner Bull perspectiveBoth bulls and bears still equal but this is about the bulls scenario. For bulls to remains in evidence market should not go more downside, at least not lower than previous local minimum. Possible middle targets on green flags, on chart !
I will make a separate bear perspective on another idea.
Big picture updateThis is an update of the previous back to bigger picture idea. Market got to the target and now can either go bullish or resume bearish, both options on chart and soon market will pick one side. Targets on chart with possible timing !
Back to the bigger pictureBtc is forming a big triangulation for the next move. We could go into panic mode below 5.2K or a more stable longer bloodbath. On the other side, the bull, we can just go back to ATH with this being the 2nd wave on 5 going ahead.
Dual perspectiveThis is pretty much the same previous analysis updated as there is a strong harmonics here, an inner 1.618 circle fib, when and if it got break bear target will get filled, if not the bull target remains the same with updated inner target at 0.5 fib. Let's see how this unfold.
