Ian_Carsen

Ian_Carsen

BTC is 'gathering strength' it seems to move towards the strong resistance. Looks like we are currently on wave 4/5 of an Elliott impulse (this being wave 1 of wave 5 of cycle degree). Currently expecting the moves indicated. That's a pretty complicated and comprehensive forecast, let's see how I do!

Ian_Carsen

Assuming that one more impulse to the upside occurs from this corrective phase, this would be an excellent entry with great risk:reward and reasonable target!

Ian_Carsen

Entry is a good risk:reward balance. Possible price hits target before fill, in that case, cancel the order!

Ian_Carsen

In the case of a fill, this is a very volatile coin, could have a nice trade!

Ian_Carsen

It is possible price doesn't reach the 'definite short zone', however a trade should be taken here (not financial advise). Overall, however, BTC has made significant progress and it is likely new ATH are in the near future, but by the same token this BTC bull market is probably over this year.

Ian_Carsen

Ethereum seems to be a very good long at these levels, with potential targets much higher than those indicated. May not come down to the entry.

Ian_Carsen

A somewhat risky trade, probably should be able to exit in profit if using the more conservative stop loss. Possible will not reach indicated target.

Ian_Carsen

Price may stop at the indicated daily SOR. Likely. A safer entry is provided however. There is good risk:reward for either trade!

Ian_Carsen

Last week I provided a less likely breakout up scenario--this is what occurred. My personal emotional feeling is absolutely disbelief -- cue the various emotional cycle charts. The speed of the advance (after relatively vicious decline)... The fact is, this is a rally with at least some staying power. If there is a significant retracement in the rally from the...

Ian_Carsen

Should be a trade here in the near future if price doesn't continue moving up

Ian_Carsen

Ray is currently moving up longer-term. A trade could be caught on the zones shown

Ian_Carsen

Looks like has strong support at the indicated range. Target will change based on price action which has elapsed by the time the entry is hit.

Ian_Carsen

We hit the larger, upper resistance, and have created a more local resistance, it's likely BTC makes a new low from one or the other, with at least a bounce from the indicated support--although this support could hold the move. If BTC manages to break above the current resistances I would not expect a new low.

Ian_Carsen

If price comes back to the indicated zone the indicated target is the MINIMUM price can be expected to move up, should go higher.

Ian_Carsen

Bitcoin is likely to continue lower off of the current range to strong support just below the current area. If price does happen to get above the current range--which is possible due to hitting a type of polarity on the bottom, the next resistance indicated should be the immediate target. It should be noted that upon hitting the very strong support, a significant...

Ian_Carsen

Good possibility of bouncing off the indicated range to one of the indicated targets

Ian_Carsen

A break above this resistance zone and especially the second higher would show 'the bulls are back in control' so to speak. Still tentatively targeting the lower, very strong support, however, the case to get there will get weaker unless a significant rejection is experienced at this current zone.

Ian_Carsen

2.2 RR is the minimum this trade can be expected to return if it reaches the entry point. Theoretically price could eventually reach much higher, making a new high