on inverted daily
Bình luận:
Closer look at our consolidation on the shorter timeframe. Possible diamond formation here like earlier. Those usually mean continuation of the trend which is down in this situation but opposite direction breakouts happen too its better to wait for it to show us
Bình luận:
bearish consolidation in progress
Bình luận:
Tested green EMA in this place on the way up. Should test it here in similar manner
Bình luận:
Bình luận:
looks ready to fly
Bình luận:
Bình luận:
Should test at least the green EMA
Bình luận:
Daily EMA 100 is tested as expected. Closing dalily above it might suggest test of higher EMA 200 but for now according to the plan it should retrace to the triangle again
Bình luận:
Ok, EMA 200 was rejected as expected. At least for now. The sharp drop we just had, when I see such formations it always tells me its a possible diamond formation. I'm not sure about the EW count here but it might be something like this
Bình luận:
Update for my followers. I circled bitcoin phases on inverted daily chart and the phase we are in now is probably the purple one. Thing to consider when taking long-term trades
Bình luận:
Not impossible to get such retrace. Symetrical triangles are hard to guess but main trend still remains bearish on higher time frames. Bears stil control this sideways trend for now. Bulls need to break through 4400 and defend it to start thinking about changing the trend. Until then the plan remains the same which is bearish biased trading as long as weekly and monthly won't show some bullish signs of life or bulls break some important levels
Bình luận:
still staying in the sideways scalping zone of boringness. Need to break through red or green to get moving faster. Daily rejection around here might
be a good short because that would mean we will most likely test down of the triangle again. It will smash through and squeeze one of the sides
be a good short because that would mean we will most likely test down of the triangle again. It will smash through and squeeze one of the sides
Bình luận:
Bulls just broke through resistance which was my long trigger. Target probably around ~5k. EMA 200(another strong resistance is around ~4800)
Bình luận:
Oh and funny thing. Move starting again with fibbonaci time zone. Such surprise..
Bình luận:
sry for bad link
Bình luận:
Hmm dont know why its not working
Bình luận:
our resistance from the past is where this action leads
Bình luận:
Wow got there really fast and it looks just like a "micro" 3rd wave. Might pullback here and take sideways before going up again
Bình luận:
I want to see what candle will this monthly be in May. It looks very interesting now
Bình luận:
We should build some flag here. My guess
Bình luận:
Strong bull wave but there is bear div forming already. If it form some good bear candle somewhere in the circle it will surely perform some pullback
Bình luận:
It may easy form a triangle here
Bình luận:
my plan for now. Not sure if triangle will be formed but looking good so far
Bình luận:
A triple top could be option too for this wave so better watch closely
Bình luận:
as long as they don't fall down from this channel but here is possible move I smell right now
Bình luận:
Bình luận:
It has potential for a continuation still but pattern needs time to reveal itself in full glory
Bình luận:
Bình luận:
Bình luận:
So it wasn't a triangle and It seems we are in this big wedge now. Ending third wave at the moment
Bình luận:
Short term wave not done yet
Bình luận:
Obvious wave so it has to fail right. Think some whales had to launch the order 66. Or maybe it was just the time as you can see below we entered another fib time zone. Its very precise lately. Anyway this big elliot is still my play. As long as it won't leave the trendline I will follow. Possible play
