Pretty tricky but I don't think we are done yet. Looking like we have at least another wave down to the downside. Could potentially open a long position and dollar cost average the way down. Personally I am not going long until confirmation of reversal. Risk/Reward isn't quite there yet.
Could be finished. Hard to tell though... extremely dumpy and trying to fit 3 waves in A is a bit of a gamble. I'm still short waiting for signs of reversal. Safe trading out there personally I would not and am not going long right now.
Still short taking profit at A and opening again at b Going long at C for 5 waves up (5-3-5)
Looking to take profit and possibly open a long around $7000
If continued rejection at the micro 1.618, likely will result in a 3 wave correction. Potential short entries: $7,850 and $8,000 If long be prepared to begin damage control Invalidation: $8,100-$8,150
Potential short entry at $8000. Although a break through the upper trendline would facilate another 5 count higher Posting a Bullish count next
1,2,1,2 Breakout of the upper trendline should catapult us straight through the $8,000s
Late night pump Possibility extended 5th then looking for a short entry
Bitcoin longterm analysis. Bitcoin had experienced what appeared to be parabolic gains coming strong out of the last Bear Market, but has lost a staggering amount of momentum along the way. These past few months have been saturated with sensationalistic headlines/media coverage across the internet and having more and more coverage delegated from the mainstream,...
Possible short entry at $7,518 Possible long entry at $7,300
Either a continuation of the 5-3-5 (Post yesterday) Or Flat to bring us back to $6,800 Safe trading Possible update later
Potential flat with downside to come. Invalidation: $7770
BTC approaching oversold conditions on the weekly. Last time it was oversold was November 2018 Price: $4,000-$5,000 Higher highs yet again for BTC. Big bounce coming *A Moment Like This casually playing in the background*
Solid short yesterday: If you didn't open a position last night, DON'T open one today. BTC is 3 waving portfolios to death today(You WILL get liquidated). Wait for pullback for entry. Expect strong bounce at 40 RSI on the weekly.($6500) Then it's on like Donkey Kong to the upside. Safe trading.
Risky trade zone but short term correction likely. However, failure to hold $7000 could result in a further move to $6400