Don't use it for trading. This is just for my personal documentation
They said that Whales Are Watching and trade against plebs.. SHORT DA BEAST!
Don't get yourself in trouble trying to figure out which correction type in play. Let it play and wait until in finished
trade at your own risk.. this is for short-time-trade-only..
Good news is that down trend resistance has been violated. Bad news is that as this TA posted pinbar (almost a doji) candle is forming. Those two facts present a mixed signal. If you don’t have much time to read, mixed signal means stay where you are, if you are long stay long, if you are short stay short. This TA is one of scenarios I’m watching closely, where...
I'm long term bullish on BTC. But I understand the situation is testing my premises based on Elliott Wave count. Chart with notes should explain itself. More complex corrective wave, the deeper we'd go.
This is new TA to continue previous one.
No, we are not doom. Our bubble not popped yet. Instead, we are going to a healthy correction in a bigger wave.. For me, $9100 - $9750 is very attractive supply zone.. If you follow my previous TA, you should know that I shorted at $11600 area. Now.. I'm about to close my short at 9K area.
If you follow my previous TA , you should've took partial profit at the level where planned as end of Wave 3. Depends on your style, you probably just hold remain coins bought previously or add more during Wave 4 correction. As for now, we suspect that Wave 4 correction has ended and we are heading to final Wave 5 before major correction. Target is around $45 - $46
submitted my TAs few days ago privately to my friends only.. 1. Telling them how I jumped in to the train 2. Telling them how I sold first pullback 3. Telling them I missed the train and patiently awaiting another retracement to be jumped in next train.. here we are now..
Publish it just for my personal documentation. It's not recommendation or advice. DO NOT USE IT
Revisiting my old TA (posted almost a month ago), seems the wave count is validated. You can see it at Now... assuming I did perfect wave count, then we are at Wave 4 correction, isn't it? yeah.. bears are happy now, while bulls not completely out of woods. I'm not trying to be ahead of anything, it's just some possibilities.. Again.. assuming we're at Wave 4...
at the end of ABC Correction, touched MA 200, touched support level. if we zoom into 4H chart, there's potential bullish divergence formed. Bounce now or die! because if this level is not held, weak hands will bring it down lower to sub 6K or even 5400.
we are entering bear market.. brace yourself
As you can see, RSI managed swing higher and closed slightly higher than before (Oscillator Higher High), while $BTC price made Lower Highs (LH). It's an indication that market signalled price decline will continue. But remember, it's just a signal. We will need to wait for confirmation. in this case wait for RSI goes to bearish sentiment (below median 50)....
I hope my wave count on $BTC is invalidated by the bulls..
If the market decided Wave 4 correction is completed, then we are at Wave 5 with target $1730