Storm_Crypto

Storm_Crypto

We have a falling wedge on BTC. Not rushing in. Waiting to see how it plays out Twitter --> Crypto_Cactuar - @_Cactuar

Storm_Crypto

BTC looking good on the short time frames. But needs to regain 57500 area

Storm_Crypto

(0) I spotted that we have an ascending wedge. This is bearish pattern in trading. Usually ascending wedges are bearish. (Google ascending wedge if you want to know more) (1) we broke the immediate trend line. I told everyone if this happenes all setups are invalid. This was another reason why I was a bit more cautious. Usually after we break out, BTC should FLY....

Storm_Crypto

BTC is still zero interesting to trade. It is slowly going down and being very choppy. We broke down from the ascending wedge and we have found some support at the yellow box (0.618 fib retrace). If we go below the yellow box (yellow box) then we can go lower. If we go there (45k - 42k area), I will be interested in adding some more positions there.

Storm_Crypto

BNB Daily Chart - Price went to the 2.618 Fib by the dollar. If we can get a retrace to the GP ($400 area), it would be a good entry. 👍

Storm_Crypto

SNX Daily Chart. Still looking good. We need to go above the RZ for continuation. Look at how the RZ has acted as resistance multiple times.

Storm_Crypto

FIL 4hr Chart. Looking good. If we can go above the orange box (RZ). It can go. Look at how the RZ has acted as resistance 3 times so far.

Storm_Crypto Updated 

BTC failed to regain and close above the 52k Area. If we go below the small yellow box (0.618 of the current move) then we can expect a future retrace to 40-42k. I will be looking to buy more BTC between 40-42k. It is the 0.618 retrace of the last big move.

Storm_Crypto

All analysis is done based off fibs which BTC loves to respect. BTC hit the golden pocket perfectly as it usually does (yellow box). The last 1 hr candle after midday showed a lot of strength. An ascending triangle is in the making. If we break the yellow box, we can go 1.618 of the move down to white box. A breakout will take us to 1.618 of the move up....

Storm_Crypto

After going 2.618 fib from the breakout BTC is consolidating. On the hourly we just hit the local golden pocket (yellow box). If we breakout of this pennant we can go 1.618 (blue box) and if we fail we can short to 1618 (white box)