COINBASE:BTCUSD looks to take another run at breaking out. The last idea notified of a breakout after a primary wave and correction sequence completed. We got a 3% pop in price-action but price-action quickly broke down (probably due to network hash manipulation and/or exchange manipulation (BSV v. BCHABC). Now, we have a primary wave sequence with a complex...
Part of what I'm thinking it could be right now... the correction began in 3 waves up in 4th wave, which we can conclude we are heading for a flat correction (3,3,5), it is also very common in 4th wave... an extended flat of regular flat occurring most of the time in 4th wave... also triangles. In this video, I let you go inside my head... the way I'm thinking ...
Although it took a bit longer than i expected, bitcoin's C wave down has started. It should bounce around here for a few days below $8600 in wave 2. The next event in bitcoin will be a collapse to the 5000 area and then a Wave 2 retrace, rinse repeat until all the weak hands are washed out. Crypto winter is here.
mid term possible scenario for qtmbtc wait for c wave in flat pattern. do not forget about your SL
Price is approaching 618 fib level. Other confluences lie in that area. Will be looking for a short term sell back to the double bottom region.
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Similar idea to my Dow US 30 post. Sand P is statistically a stronger model, from larger numbers. NB: This model is imperfect as the XD spread should be 1.27, but we got a real nice 0.62 Fibo AB retrace of the XA leg up. Note the perfect double top Fibo = 1 (was within a few pips, a 99.9% retrace). Real life is like that, we take what the market gives us. The...
MOVED TO 66% NET LONG TODAY IN PREMARKET THE LAST GASP IS JUST AHEAD
I HAVE JUST MOVED INTO TQQQ AS THE QQQ HAS GREAT SUPPORT BASED ON FIB AND WAVE STRUCTURE AT 184.76 TO 185.10
Something in the chart has been signaling that BTC is going down in spite of the hype. It seemed reasonable that it might bounce back, at least to 9K. Now the outlook doesn't even look that good. On the one hand, it would be nice for the promoters to exit on a bounce. To go short from higher up. But there is no need to mislead everyone. Halving, news, indicators,...
EURJPY is showing potential for some upside movement into my daily order block, with my target being the EQ. I will be waiting for a small retracement in price to around 117.90 before entering this trade. Once price has reached my target, then I will be looking for potential long term short set ups back down to 115.00 region and maybe further.
I. Downtrend channel approaching support zone to push n breakout into uptrend. Watching trend lines closely
The bears clearly outweigh the bulls in the daily chart. Currently seeing prices moving in channel towards the trend line where it is expected to do a pullback and continue falling. If interested in the upward movement towards trend line, take profit at 1.27013 with stop loss at 1.20388 (minimum risk) if interested in downward trend wait until price hits the...
Volume lessens on rising prices, increases on downdrafts. RSI divergent. Small caps have reached .50 Fibo retrace off September's lower high. SP500 and Dow have a gap to fill down to the 0.50 Fibo. Three-day rally feels like a B wave, chaotic and widely fluctuant. If so, expect C wave down to the gapfill at the breakout point from Cup near 26300/SandP 2942. A...
Risk is terrific for both longs and shorts at this juncture; I am sidelined, patiently and prudently waiting. In a previous idea I hypothesized a double bottom possibly in October. It is possible the markets are grinding out a near-term bottom at this consolidation zone now. Markets hold tenaciously to this consolidation zone beneath ATH. The September pullback...
Hi traders.. on the short term level I think that we are correcting in a WXY pattern and then we shall resume to the upside. How much up have to be seen: on a macro level we might have completed only a wave 1 and after that new time high ! On the other side, we might forming a bigger ABC correction from the 20k top that will bring us up, firstly, to 16500 or...