UnknownUnicorn1615905
Contrary to many's expectation, bitcoin's parabola began from 3330 as bottom and not 3121. On that basis, the latest dip to 6300, or 7000s on many exchanges form base 4 of this parabola with the blow-off top which we currently are in, set between 9200-9600. The ideal play in the coming days should be, to use low leverage longs and ride the blow off. Entry:...
Self explanatory chart. In the short-term, ideal is to let btc drop below 3300, and load longs in two layers 1) 3230-3265 2) 3140-3160 Stop loss: 2999 PS: Not a financial advice. Do your due diligence.
That's some serious pump squeezing shorts. Like most, i too believe we would see 6400 range at least once before we can push beyond 7000. Meantime, i've observed this interesting fractal, and the typical bitcoin price movement after these so called sudden pumps. If we observe the patterns, these pumps appear well timed and are more frequent, while syncing...
Forming a nice bull pennant. Flipped previous resistance into support. Buy.
Self explanatory repeating fractals
Scalp LONG / A3; R/R: 3.91(good) Entry: +/- $15 from the yellow line Take profits: any price above green line SL: Red line
On 4H, 0x still needs a bit of a drop owing to bearish divergence. Good entry would be ~0.236fib. Daily looks good and bullish with all the coinbase rumors
The price point indicated in red(resistance) is the max price i think we could see in this fake out. I have to confess, i had second thoughts regarding btc going to 6800 range again after getting stuck in the chop zone for 3 days, and as it appeared to be partially breaking down of the rising wedge already. Hence, i had to lower the entry zone for shorts. Guess...