Adongdong

Adongdong Updated 

DXY Formed strong pivot @ current price level DXY - Dragon Pattern Entry #1 (Aggressive) 94.67 Entry #2 94.94 TP #1 95.23 TP #2 96.2

Adongdong Updated 

- Structural support with fib confluence shall lift the copper from current price level. - Trend is likely to continue as copper is yet to hit major resistance level. Entry: Now. TP1: 2.71824 TP2: 2.74798 SL: 2.67450

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(1) On 30 minute chart, dollar has Dollar has retested its support level, forming short-term Structural Support. (2) On both support level, engulfing candles have been formed, showing buyers are in control short term. (3) First group of sellers will come in psycological resistance level, where there's fib level confluence - and, of course along with major...

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Let me just clarify that I am not a bitcoin believer. I am a market technician, and I trade based on what I see. Please understand that I DO NOT take future value of bitcoin/block chain technology into consideration when I am trading, therefore, fundamental aspect of bitcoin is completely irrelevant to my trading decision. Enough about myself, let's dive into...

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- Structural Short position - Cypher / Eliott Wave Confluence - Trend based trading with strong possibility

Adongdong Updated 

My peer traders have informed me that the price action is currently following the chart on FXBTCJPY. (Which explains oddly-off S&R Levels) (1) This is an assumption that we are currently in a ABC correction to previous downward motivewave. (2) From smaller cycle, I am convinced that we have reached out Wave 5(Up trend) and we are seeing ending(or leading)...

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- Momentum still indicates that we are on uptrend. - Based on Fib extensions, EW count follows as shown on chart. 5th Wave has potential to be Wave Extensionl. - Possible Shark based on XABC - DXY has been cooling off after FED announcement

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- After huge bounce from 7200 range, we are seeing some crazy rally in all crypto market. - Bitcoin could be overextending its price a little bit and we might see some significant correction - We are seeing potential bearish hidden divergence - Bitcoin is forming almost a perfect shark pattern. If we see price move up over night, fed rate may trigger...

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As seen in the chart, We have (3) Area where we have major areas of confluence. First Scenario, is that we keep the uptrend. In this case, we will see a bounce from 10600-10700 line and will spear through the neck line all the way upto 12300-12500 level. Second case scenario would be that we see some uncertainties from buyers and that the price will break...

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Possible Bearish Butterfly Pattern

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It looks like we will likely to see either hanging man or evening doji star. Following the signal, double top pattern may happen and this is perhaps the worst case scenario you could think of BTC. Here are why - (1) We are seeing hidden divergence on RSI (2) Possible bearish crab pattern (3) We have not yet passed major downtrend on log chart (4) Also on...

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- We have pretty strong confluence at 0.618 level and the reasons are as follows: 1. BTC has consistently bounced off 0.382 line since 6000. 2. Fair to Good Divergence Signal (Based on 4 hour chart) 3. While BTC has beeen consistently rejected at major trend line started at $20k, this time the fall hasn't been as bad as last two times that it has been...

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This is not price prediction, rather, more of case analysis. You could utilize the support and resistance marked on the chart.

Adongdong Updated 

*We still have some room to shoot for higher high, but overall I still think that we are in bear market. *Make your own investment decision *I would personally avoid taking any *short or bullish until we see clear direction in price movement.

Adongdong Updated 

* At the time of publishing this post, I do not have any position with BTC 7.94% . If you're a long term trader, or alike, I would advise against taking any position at this time. I'd recommend taking position at: (1) 6292, 0.618 Trend Based Fib, with tight stop loss at $6000 (2) Upon seeing significant reaction (strength of the movement) at the yellow...

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You will be able to find my comments on the chart :)

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