I have decided to post this as a separate idea to keep track of the candle formations in the future.
- This is a 15 min chart. - In my opinion, we are ready for wave 5 down - Fib target is $7300
How are you guys/girls counting this if using EWP? What do you guys/girls think if we don't apply EWP? Where do you guys/girls think we are in the bigger picture?
Are you guys/girls bullish or bearish for the days to come??
Share your thoughts :)
**Repost with indicators removed
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If btc close above $8600 I will remove all short positions and stay cash until the market shows me a clear direction.
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If we reach 7.3K I will add more capital to my long term portfolio - via coinbase.
This will be the buy and forget portion of my portfolio and I will not care if it drops to 5K. I will simply buy more at that time.
*Again, I am not talking about my day trading positions. This buy will be for long term.
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4 & 6 hr chart closed with bullish dogi. we can potentially long considering 8k resistance of short was met. we can now long with the trend with a tight sl should the 8k resistance cannot be broken.
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8K did not hold. Post came to fruition.
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Will update future thoughts on btc as a separate post. At $7300, I am market neutral.
I am not bearish. Nor am I bullish. I will sit on cash and wait for trend confirmation.
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Should 7K not hold I don't see support until .786 ret @ 5K
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Next few hours is very important. This is a 30 mins chart and we have an inverted hammer forming.
Stay on the sideline and wait for confirmations. Or else you're gambling on luck, which is an awful strategy.
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Closed red
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Closed with another red. leaning towards 5K now. Still want clearer confirmation before I enter any positions.
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Please refer to this post
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I am still not trading until I see a clear trend.
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shooting star forming as we approach EMA50 on 30 minute chart. I see no reason to rush in the market. Still waiting for a clear confirmation.
@AlexCh, Oh no, I know, laughing because everyone is freaking out due to the massive/sudden dip. I buy when everyone turns sellers. Sadly the only thing I can do is go long. No shorting option on Binance :( :(. Would love to short this market while its in bear mode. Hopefully we'll bounce soon and I'll watch closely to see if we turn sideways again for another lower low. Keep up the great work man, follower here