Hi all, today I am going to give my opinion on Bitcoin. First of all lets take a look at the chart. In the daily chart we can all see a falling wedge Bitcoin has been respecting through the entire year. In general terms, we have been in a bearish trend for the past 11 months. Right now, although we have broken the falling wedge, I am not confident on a trend...
Hi all, I've got a new swing trade for you. Tell me guys what you think. The movement started today with a big 17% run up, but we have still more room to go higher. In the 4h chart, a short correction can proceed. This can be the last chance for us to catch the rocket. In daily charts we are clearly surfing the 5th elliot wave of a huge movement. The charts...
What do you think? Will the weekly P hold against the pattern I'm drawing? We are going long in higher time frames, but for the moment I'm betting here. Cheers
Tell me guys what you think. The closer we get to the 0.786 fib zone, the higher the reversal options become. Keep an eye on it ;)
Hi guys, last day we had a rebound in storm that gave us a 6% profit approximately. We were expecting that rebound at the 140 satoshi level, and it happen at 141. As the correction continues, the price is moving inside a falling wedge. Volume is decreasing so I am expecting an explosion in Storm during the nexts days. Also the fib levels we are at is a likely...
We'll have to see what happens during this weekend. At the moment, the movement is following Elliot waves pattern perfectly. We can expect a rebound in the 0.5 fibo zone. If the support level at 140 Satoshis holds strong, this could be the start of the third wave of a greater Elliot cycle. If 140 level is broken with volume confirmation there's nothing to do...
Looks like Cardano ADA/USD price is moving inside a falling wedge. Next levels to look up to are fibonacci retracements 0.618 and 0.786. The 0.786 level matches the S1 of the week as well). Watch out for the rebound at this levels, it wouldn't be a surprise. With all of that taken into account we could very well be in the second wave of an Elliot cycle. The third...