It lacks a lot of development in indicator Short on completion of symmetry in HCH. Short at 2220;2260 SL: 2310 R/B=3 Although the indicator has a positive slope, we will look for divergence before thinking about a real bullish move
Bearish continuation HCH. To cancel this figure it will have to break the 35000usd line. In 4hs we have bearish strength. Until we have bullish strength all TM trades below 4hs should be taken for shorts only.
We are in front of a bearish resolution wedge. It is not clear to me if there is one more push before a break in the trend or if it will fall during the following weeks((-24% approx.). Indicators indicate a fall. Buyback zone 178 Usd
Waiting for retracement to zone approx 11usd Fibonacci Pivot (Annual) HCH pattern Poc volume profile Must NOT lose 9 usd.
Great resistance in MELI. For my part I see it more bearish during the week. Drop of 10-15% to generate some convincing pattern to think a continuation in the trend.
Pullback or false break?. If we do not recover the neck line we are facing a BIG fall of btc.
Possible SHS formation. Maybe there is an 8% bullish bounce to form the symmetry of the right shoulder and then
While we witnessed a bounce, I expect a reversal SHS. So I expect a scenario like the following. I put it this way because at this point I don't see any clear reversal pattern finalized as to enter long.
having met the cup with handle target, we are going with the SHS formation. Possible resistance at 36500 Stoploss approx. at 34320.
cup with handle. It is perforPming a pullback, in case of breaking the pullback line this structure would be cancelled.
Possible HCH with neckline retest. It must be broken to cancel the figure. Otherwise we will see a very violent fall of the price.
This BTC move has me confused. What do you think?
Same idea and consideration taken in my previous post. Still can't get back into this long term channel. If it continues like this we will see a drop to the base of the marked channel. Tip: Stay away from the market until at least we are back inside the lost channel.
Yesterday I uploaded a view on BTC. This is what happened. It tried to recover the price but ran into the base of the triangle and rectangle marked on yesterday's chart. I bring you the enlarged image for better appreciation. To summarize. The most sensible thing to do is to wait until we are in a safe zone to trade. At this moment it is very dangerous. be...
It is very important to break the 61.8% retracement zone to remain bullish.
BTC - Elliot - volume profile analysis.
At this moment there is a great bearish possibility, to disable this HCH it will have to break the yellow zone. MEASURE YOUR RISK! The loss you assume in case of failure should NEVER exceed 2% of your total capital. NEVER. We invite you to share your vision in the comments. Thank you