toptrader101

toptrader101

Just for fun bitcoin current 4 year trends. Taken each high and low point of each wave, measured the distance. pretty much 47 months on both. Then measured the difference in the height and calculated them forward considering the same reduction.

toptrader101

As you can see both these moves are almost identical. If $39k can hold this could be used as a platform to move upwards (essentially $52k down to $39k would have been the correction leg). However if we lose $39k then we should see $29k. If so take a look at the chart 'Year to date' (YTD). You'll notice it would have cleared formed a lower high (assuming we lose...

toptrader101

There's still a possibility that we go higher in to Wyckoff resistance, although I doubt it. After that Im expecting small support on the support (sow zone) followed by another lower high. Which will scare off all new investors. With little bitcoin growth the sell off will begin. Once the current sow zone becomes resistance then it could be years until the next...

toptrader101

Trend lines based on daily close prices. Hope these help. Been showing good support resistance

toptrader101

Hope these channels can help some of you, a continuation from my last channel. These divide or multiply exactly to 4 hr close.

toptrader101

Based on 4hr close, No coincidence that both lower tops are exactly 50% of the high from the descending support line. I'll be honest i'm already in a short, far to tasty looking. Check out my other 2 charts that are also bearish based on the daily perspective. Don't just follow blindly all trading ideas need to make sense to you. Nothing is written in stone. All the best

toptrader101

The displayed chart seems almost certain to play out in my opinion. Please check yesterdays chart also. The bigger question for me... Is this just a correction or is this a reversal in long term trend?? Until we lose the 99EMA it's partly guess work. I'm sure we will get a big bounce there. But looking closer at other indicators there does seem to be a huge amount...

toptrader101

Looking at daily and weekly timeframe, bitcoin looks likely to dump hard soon. Few areas of resistance to focus. Not to miss out, my order is lower than all these.

toptrader101

Decent looking trading range. Will be attempting to trade this myself, before a break down (looks more likely)

toptrader101

looking at a iH&S. Still got some down side to complete the right shoulder 1st. This should also take us up near the btc halving. Definitely expecting some downside.

toptrader101

So i'm long from 8750 targeting next area of 9950. You can use these fib levels to predict future support resistance levels

toptrader101

Used the RSI to do Elliot Wave count (It does work). Potential of 50% pull back on leg (4) of EW same as happened on leg (2). I'm long since 7200 and still bullish. However I do see the potential of a pull back here. It don't affect me, just be careful opening a long here. Wait for a pull back to the 55RSI on the daily chart, before considering going long. I also...

toptrader101

Previous resistance levels, behind us

toptrader101

Alternative play to bitcoin, before correction

toptrader101

I don't trade short term personally. However, Just drawn out what looks like an obvious play at present.

toptrader101

Bitcoin still indecisive. At the moment RSI has flipped support. But, seems more and more likely that $5500 could come in to play

toptrader101

Time for my golden lines update. Time to long they suggest

toptrader101

My entry target. This is tradig against trend though, so trade with caution