Allenvik

Allenvik Apr 25, 2018

This is a scenario that attempt to explain how the market feeds big shorts during price action, without the big position being formed move the market before it can be completely filled. If big money attempted to fill their position otherwise, the market would run away from their target point. This action has being explained few times and can be found here for...

Allenvik Apr 25, 2018

It is clear IMO why BTC is due for a pullback... BTC has reached the 200ma now acting as a resistance, there will be profit taking now as well, so it is very likely that we will be going for a pull back now... perhaps to bounce in the 50ma which could act as a support? My speculation here is that we can go as deep as a 61.8% retrancement IMO. Other indicators...

Allenvik Apr 25, 2018

It is clear IMO why BTC is due for a pullback... BTC has reached the 200ma now acting as a resistance, there will be profit taking now as well, so it is very likely that we will be going for a pull back now... perhaps to bounce in the 50ma which could act as a support? around the 38.2% fib seems the best area IMO. Other indicators showing an eminent pull...

Allenvik Apr 21, 2018

BTC looking for a entrancement here IMO, except if a lot of capital comes in to change direction, with the double top I see it revisiting a 61.8% or even a 78.6% fib from the last take off point. Just my personal speculation on the price action. We will be bouncing between the volume profile edges.

Allenvik Apr 21, 2018

I think BTC will be coiling for couple weeks, with lower highs and higher lows, until we will take a more define direction in the end of the wedge, I favor a bullish outcome.

Allenvik Mar 27, 2018

There is a strong support for BTC here