Moneymovers
More Sell setups... But not for long!Bitcoin has been slowly playing right into our hands.. I see more Downside and I'm looking for a few places to trade short term. I believe we are in an impulse move to the downside. currently in a wave 3 on a smaller degree. im looking for the corrective structure to complete and for price to break out signifying more downside.
Short Term BUY SETUP! $$$Check this out! We should have a short term buy setup on the 15 min. dont hold for long... maybe a few hours... if we get a pullback with a 3 corrective pattern we are in on the break of the structure!!!
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Where will Bitcoin Stop! Top secret Analysis !LOLIm a stickler for big titles..lol this is my approach to looking at the potential reversal zone or completion zone for BTC.
the fib Extension of the previous C wave of the 1st Corrective Structure is what I am using. I believe that if we are indeed in a C Wave of a correction,,, then it should retrace to at least the 127. Extension of the previous C leg. As we stand aside and count the waves 1 by 1 we will know more as time progresses if we will go even further. Get you surfboard ready to ride the fears of others as we slide down to 7K
Bitcoin Headed for the Fall!! Get On Board 240M Wave Outlookhello ... as I am still trying to learn this software.. I have marked up a potential outlook for Bitcoin.
check the waves out for yourself and see what you think.
Harmonic Pattern in Wave 2 As I am plotting out possible senarios to this complex correction on the 240M Chart, I am having to get into the lower time frames to help me sort out these movements.
I see on the higher time frame (240M) :
-Impulse completed.---Then price makes a wicked irregular Flat, breaking the top of wave 5 and falling pretty far.
-Price then rose to the 61.8% fib of the complete initial fall. This happen over a series of complex correction combinations.
-Inside this correction seems to be a harmonic pattern (gartley?) I used the wave C of the first irregular flat as the impulse wave. (see Gartley? post)
This puts the end of harmonic pattern at B of a higher degree. Which means wave C is coming..
ON 15 MIN TF
- we have completed 5 wave move down in a lower degree.
-an ABC correction up and I am looking to complete another harmonic pattern in the same degree.
Note I am learning. I use this as a means to excersise my analysis skills. I can be wrong and invite input.
COULD BITCOIN BE IN WAVE 3? IF SO HOLD ON TIGHT?BTC IS GROWING STRONG. I SEE THAT THE ABC CORRECTION HAS SEEMED TO BE COMPLETED AND WE ARE NOW LOOKING FOR THE START OF A TREND. WHAT DO YOU THINK? WE COULD BE IN X WAVE SO BE CAREFUL.
