At the moment we are seeing the price pressure on the strong level. In such situations, expirienced traders recommend entering the trade because the stop-loss in this situation is minimal, and the reward is high. Buy 7700 Stop 7640 Take profit 8200 Wish you luck and trust only your self. It's not financial advice. Just newbie idea.
All on chart. Last wave up before we fall to the bottom
As you can see IOTUSD forming gramophone pattern which is quite unpredictable and dangerous for trading but I think that here could be only 2 scenarios. Firstly bullish, if we break through bisector (green line) of this triangle (gramophone pattern) it's will be very bullish and we will see 3$+ with high possibility. Secondly we dont break this resistance and go...
As you can see price is currently inside big triangle (look at fibo retracement, it's perfect) that have a volume confirmation. Short term target 8500-8800. Global target of this pattern is terrible 800-1000 range that will be reached by the early or mid 2019 in my opinion if this scenario is valid. Also I recommend you look at btcusdlongs and btcusdshorts that...
I think bearish market is still in play. I will open short position from ~8.6 levels. Comments are welcome!
I think we already complete wave 2. If Im right we'll see 6k soon. It's newbie's analysis dont be sure about that. Comments are WELCOME!
Possible btc scenario. It's newbie's analysis dont be sure about that
If we will see volume divergence its probably double bottom and then will be abc correction... ~targets 7200-7500. It's newbie analysis dont be sure about that =)
possible target 6500. ~timeline 2 weeks
Volume divirgence and market situation tell us that it's still bearish market. If im right rebuy ~200-250s
tp1:350 tp2:400 tp3:450 stop 290
BTC's in consolidation abcde or 12345 impulse wave. Time will tell. It's newbie's analysis dont be sure about that =)