MrC-CHF

MrC-CHF Updated 

With the current falling wedge patterns it's tempting to go long BTC now but I think it's much more likely IF the ETF gets approved. Additional regulators should also be clarifying their position on cryptocurrency in the coming weeks/months, so some negative overhang should come off the market. I'm going to respect this trend resistance (tight stops on the top...

MrC-CHF Updated 

Price has yet to break out of triangle (purple lines, switch to log scale) and find strong confirmation. Almost happened yesterday but G20 news saved the day. I expect the price to continue down to about the C point. The end of the correction wave is a bit hard to call but I'm looking for support around $7400-7600 before price moves down to $6500. Could see...

MrC-CHF

I will like like to buy @ 41431 sats then set sale targets from 47016 sats @ 13.5% profit then SL @ 5% below entry

MrC-CHF Updated 

Very rudimentary wave analysis done a few weeks ago has been pretty accurate.... BTC -5.25% has moved below long-term support line (on log scale), so turnaround much less likely now. BTC -5.25% also close to making a death cross, which hasn't happened in years and came before several months of decline / sideways movement. First target is $5800-6500. Second target...

MrC-CHF

Reversal since Senate hearing has been good but downtrend has yet to break. Where will current run-up end? No one knows but the pace has slowed since a couple of days ago, which was inevitable. With prior FUD still in the air, the major demand drivers are still missing. Hopefully this Tether issue can be put to rest, to enable the bull-run to continue, but...