A bitcoin forcast idea building on 3 other models and Elliot wave, Big shout out to... Ken @ Crypto trading KS Jordan and CTM team White Russian. The idea I think we have two more waves in this cycle as we have only had one Hodl wave so far...so to create the next two waves I have taken three fractals from previous cycles and arranged them to form the...
Bounced off daily down trend line Re testing 55.86 Bounced off 8/8 Murrey math line on the 5 min for entry. Happy with the risk reward
Bounced off upper edge of triangle on the 4 hr Confirmed downward move on Hourly. Entry : 0.99198 SL 0.99320 TP: 0.98680
Falling wedge pattern on the daily charts . Looking closely to find a long position.
2600 resistance level may hold out, and price is ranging towards up trend + 2600 cross. Going to wait to see if price goes up to 2628 level and then drops back back below 2601 and place trade.
- Short at 78% Fib extension, hoping to profit on the 3rd wave of movement starting at 133.125. Entry 124.339 Confirmations 1) Below Ich Cloud 2) Conversion & base crossed 3) Lagging Span well below cloud 4) Price closed below All Moving averages (15,50,200) 5) Counted 2 movements 6) MACD increased momentum (blue line) 7) Long wick candle at 118.575 ...