Play your fibs across all timeframes... an essential aspect to trading that's regularly underlooked.,. I mentioned the 74ish zone of mid-play, bears now have favorable conditions after that support and trend line broke. .. This weekends trade ranges. Be patient with your buys and sells. RSI is the gutter, DMI moving into a short consolidation area. I wouldn't long...
Bulls lost their momentum. Failed to get through the .78 fib retracement from A T H and the .382 resistance from the sub 10k pullback. 84 proved too tough to close through with a double top at 8390. Bulls need to easily push above 7950 area and hold it, then consolidate within a small percent range if investor faith is to remain. 84 is a target to break if bulls...
Analyzing BTC price movements from the top as corrective waves A,B,C,D,E. The small red box is where I anticipate our higher low to end up. I believe the next few days are crucial in determining overall game plans and hoping for the higher low scenario to play out, as opposed to a new low... If downward E slope breaks through the positive support slope then it...
Trying again. For the last weeks, BTC has been moving within this overall range creating this larger channel(green). I'm still bullish for the shorter term. I believe we will reach the top part of the channel in the near future before finishing this particular wave of the overall correction phase. I expect today's ranges to stay within the lower half of the...
Remaining fairly consistent throughout the last couple of weeks. I'm still rather bullish in the short term. I believe a push towards the top of the large channel(green) will help complete this particular wave of the overall correction cycle in the near future. I expect today's ranges to stay within the lower half of the overall channel, staying near the low...