BTC (Prj.Y19.P5.E3).Version2.AB=CD in play

1 thg 10, 2019

Just keeping it short.

Refer to my previous post for commentary plus key fib.levels on the chart.
Note: I am still looking for 6800 for my majority of $$ to go long (entry) and some $$ left for over performance for price below this mark.

1 thg 10, 2019

Ghi chú

The reversal point also has a bullish pattern (anticipated in my last post)
Before>

After>

1 thg 10, 2019

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Keeping an eye out for the next step\stage

2 thg 10, 2019

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2 thg 10, 2019

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Anticipated bigger picture

2 thg 10, 2019

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An inverted view, looks more bearish than I thought.

2 thg 10, 2019

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next up-leg to support the above formation

2 thg 10, 2019

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Current situation is a ranging channel with a height of $780. I now don't any fast movements as the 8500 resistance slowed the momentum. Its neutral and the movement for now is sideways.

2 thg 10, 2019

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Micro level...slow but with reason and staying the coarse

3 thg 10, 2019

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Keeping my stop loss very tight as the chart is not looking bullish. Ascending triangle has more % going down than up.

3 thg 10, 2019

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4 thg 10, 2019

Đóng lệnh: dừng lỗ

After much thinking about what's going on. I could be wrong but I have concluded that the AB=CD pattern has reached its peak at 8500. When I look across the ALTs , I see bearish flag formations and this channel is no different, its a continuation of a down trend. I thought there might be a stronger bounce but that's not going to happen (my opinion).
The psychology I think I'm seeing is this. The previous top that was defended was the 10K and anything below that was seen as a bargain, the last 4 digits we will see for BTC forever and as we can see, not true.
The new 10K is now 8k and anything below it is seen to be an opportunity, until it isn't. So we see this accumulation around the 8k range.
My guess is this will continue until 6K range and it will be defended and it will be a drawn out boring time. The over extention will happen to the high 5 K range like we see at 7700. But inevitably the price would range around the 6K mark.

For this current situation, short opportunities,

6 thg 10, 2019

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6 thg 10, 2019

Ghi chú