Here is a shorting opportunity for those that want some targets.
It is possible that Bitcoin -0.89% finishes this triangle and breaks south. If you think that it will complete this triangle, then option 1 is for you. If you are so bearish that you don't think it will break this white resistance, then option 2 is likely for you.
We're just targeting the top of the support zone here, so it could go lower, or it could fall just a tad shy. But $9,300 is where we are aiming.
This is also a long-setup play! Not only do the bears target this range, but the bulls target long positions for this area as well! This play could benefit both.
I will not activate any trade here as I can't even short, but I figure this would be a nice post for what is possible to happen in the short term.
I also want to note that this looks like a termination triangle. A 3-3-3-3-3, which is usually a bullish indication of the end of the downwards correction. Though we may fall from this triangle, I count a 1-2-3 ABC combo in each wave so far, I don't think the velocity of the next drop (if we do have one) will be very strong.
It is possible that Bitcoin -0.89% finishes this triangle and breaks south. If you think that it will complete this triangle, then option 1 is for you. If you are so bearish that you don't think it will break this white resistance, then option 2 is likely for you.
We're just targeting the top of the support zone here, so it could go lower, or it could fall just a tad shy. But $9,300 is where we are aiming.
This is also a long-setup play! Not only do the bears target this range, but the bulls target long positions for this area as well! This play could benefit both.
I will not activate any trade here as I can't even short, but I figure this would be a nice post for what is possible to happen in the short term.
I also want to note that this looks like a termination triangle. A 3-3-3-3-3, which is usually a bullish indication of the end of the downwards correction. Though we may fall from this triangle, I count a 1-2-3 ABC combo in each wave so far, I don't think the velocity of the next drop (if we do have one) will be very strong.
Đóng lệnh: đạt mục tiêu:
BOOOM!!! Just got back from morning workouts and PT to see my target was hit! I've been on a cold streak during this correctional phase, so it's about time a nail one. Buy order was surely enough filled at $1308.
BUT, keep in mind that the indicators show that we can still go lower (Maybe $9200 range). Here are two long position plays that you all can target from here in the short-term (1-3 Days).
Congrats if you shorted the sucker. Now its time for the Bulls to make a little money too!
BOOOM!!! Just got back from morning workouts and PT to see my target was hit! I've been on a cold streak during this correctional phase, so it's about time a nail one. Buy order was surely enough filled at $1308.
BUT, keep in mind that the indicators show that we can still go lower (Maybe $9200 range). Here are two long position plays that you all can target from here in the short-term (1-3 Days).
Congrats if you shorted the sucker. Now its time for the Bulls to make a little money too!
Giao dịch đang hoạt động:
Quick Note. There are big buy walls at 9k, assuming this is across the market, along with indicators and noticing these big blocks in the candle sticks, I can't see it going much lower. If it does go lower, maybe we could shoot for 8.7k? But I like long positions right now, pressure is rising and some people are panic selling.
Bình luận:
FUN FACT:
Since 2015, Bitcoin has not seen a daily RSI of below 30. Right now we are at 32. Is this where we bounce? Does a target of 8k bring us to 30 RSI? Do we break from that trend support and become oversold??? NEXT TIME ON CRYPTO XZ.
No but really guys, these next few days will be very interesting, get your cash out, something big will happen.
Another note: I have 2 exams at 1:30 and 3pm and I have yet to study for them. Cryptos are taking my attention away. In a week, I will let you all know how I do.
FUN FACT:
Since 2015, Bitcoin has not seen a daily RSI of below 30. Right now we are at 32. Is this where we bounce? Does a target of 8k bring us to 30 RSI? Do we break from that trend support and become oversold??? NEXT TIME ON CRYPTO XZ.
No but really guys, these next few days will be very interesting, get your cash out, something big will happen.
Another note: I have 2 exams at 1:30 and 3pm and I have yet to study for them. Cryptos are taking my attention away. In a week, I will let you all know how I do.
Bình luận:
Buy walls are moving back! Unfortunately i’m only in between class about to take an exam, so i can’t analyze the situation as i want or manage my position. But be prepared for a quick down turn to the 8k level! I’d expect a quick rejection since we haven’t seen one yet. Panic sellers will pick up since we’ve shortly broken 9k. Don’t be afraid of taking a quick loss for a little repositioning. I’m a little forced to hold here.
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Alright guys. No idea how i did on my exams, I either failed or Aced them, no in-between.
Anyways, Bulls! My friends! Let's analyze this situation very quickly. We're pushing up nicely here! But is this the end of the bear run? Maybe not! What I'm going to do is target $9650. We may not hit it on this A wave, but I would expect it to be hit on the next C wave. I may double dip here.
But what this is likely to be is a dead cat bounce. So i'm looking to take advantage of this short-term bounce with another buy the next time this falls. We're still facing this white resistance, and I don't think we break it just yet. So I'm looking for profit around that level and re-entry back in that green zone. Or more specifically $9086.
For these trades, I will (TRY TO - Which means I may forget to) activate and close them when I enter and exit. During these correctional phases I hate leaving my money in the market, I've only lost when I've done that (when I sleep).
Now, if you are a bear and REALLY want to see Bitcoin hit the bottom of 8k, i drew that red line just for you. Personally, I don't think that is likely, so I'm focused on the yellow line for now. The bull targets previously posted at 10k and above may have to wait. I'm here to game the system and make an unnecessary amount of money.
Alright guys. No idea how i did on my exams, I either failed or Aced them, no in-between.
Anyways, Bulls! My friends! Let's analyze this situation very quickly. We're pushing up nicely here! But is this the end of the bear run? Maybe not! What I'm going to do is target $9650. We may not hit it on this A wave, but I would expect it to be hit on the next C wave. I may double dip here.
But what this is likely to be is a dead cat bounce. So i'm looking to take advantage of this short-term bounce with another buy the next time this falls. We're still facing this white resistance, and I don't think we break it just yet. So I'm looking for profit around that level and re-entry back in that green zone. Or more specifically $9086.
For these trades, I will (TRY TO - Which means I may forget to) activate and close them when I enter and exit. During these correctional phases I hate leaving my money in the market, I've only lost when I've done that (when I sleep).
Now, if you are a bear and REALLY want to see Bitcoin hit the bottom of 8k, i drew that red line just for you. Personally, I don't think that is likely, so I'm focused on the yellow line for now. The bull targets previously posted at 10k and above may have to wait. I'm here to game the system and make an unnecessary amount of money.
Bình luận:
Looks like we hit a short-term cat bounce. Pretty damn sure we still pop up from here. Short-term target remains the same.
Looks like we hit a short-term cat bounce. Pretty damn sure we still pop up from here. Short-term target remains the same.
Bình luận:
NOOOO my bear scenario came true!!! (2nd update above this one).
Well, if you were a bull like me, congratulations. You played yourself. Anyways, indicators and wave count tell me that that was likely the bottom and we should be getting a double bottom right in that buy box. OR, we could even go lower than that (still possible).
This update is pretty busy, so I tried to remove the waves so you don't mix them up with the resistances. We have MANY levels of resistance lol, so its going to take some volume and conviction for Bitcoin to move up from here. I have 2 base targets that I think we can get to. BUT, it is still possible that we never break that second resistance and we head back down to re-test this area once again. The red arrows show possible levels of resistance where we see rejection. I'm actually pretty intrigued in the second option where we reach the 10k level and head back down to the upper 7k area. I think that's a very possible scenario.
My long-term scenarios still stand. Once again, my dumbass left my money in the market overnight and was bit in the tail for it. However, I'm just going to hold onto my positions from 9.1k and go into investor mode. For once, i'm not really interested in getting a lower price on this position just yet. It's the simplest and most secure way of playing these unpredictable corrections. Good luck guys! Hope this helps!
NOOOO my bear scenario came true!!! (2nd update above this one).
Well, if you were a bull like me, congratulations. You played yourself. Anyways, indicators and wave count tell me that that was likely the bottom and we should be getting a double bottom right in that buy box. OR, we could even go lower than that (still possible).
This update is pretty busy, so I tried to remove the waves so you don't mix them up with the resistances. We have MANY levels of resistance lol, so its going to take some volume and conviction for Bitcoin to move up from here. I have 2 base targets that I think we can get to. BUT, it is still possible that we never break that second resistance and we head back down to re-test this area once again. The red arrows show possible levels of resistance where we see rejection. I'm actually pretty intrigued in the second option where we reach the 10k level and head back down to the upper 7k area. I think that's a very possible scenario.
My long-term scenarios still stand. Once again, my dumbass left my money in the market overnight and was bit in the tail for it. However, I'm just going to hold onto my positions from 9.1k and go into investor mode. For once, i'm not really interested in getting a lower price on this position just yet. It's the simplest and most secure way of playing these unpredictable corrections. Good luck guys! Hope this helps!
Bình luận:
BOOM!! Just like that. First target is hit (even though that just breaks us even from entry LOL). But I think this may have a little more upside to $9.4k. We'll see how this plays out, but it should rotate around this level for the next day before it drops back down again.
BOOM!! Just like that. First target is hit (even though that just breaks us even from entry LOL). But I think this may have a little more upside to $9.4k. We'll see how this plays out, but it should rotate around this level for the next day before it drops back down again.
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Day Trader's Warning! Small drop coming on Bitcoin.
Day Trader's Warning! Small drop coming on Bitcoin.
Bình luận:
BOOOOM!!! There it is guys! It hit our $9200 target, dropped back into our buy box and is headed up to our next target! We're gonna target the $9940 to $10360 range for this motive wave!
Sorry for the late notices, I'm having fun this weekend.
BOOOOM!!! There it is guys! It hit our $9200 target, dropped back into our buy box and is headed up to our next target! We're gonna target the $9940 to $10360 range for this motive wave!
Sorry for the late notices, I'm having fun this weekend.
Bình luận:
Guys, I just want to make this announcement to say I do not think Bitcoin is done correcting. I expect another drop to the 7k level after this we reach 10k target. Do not lose your guard just yet, more correcting to come in my opinion. I like the bear scenario from 4 updates above.
Bình luận:
7k level came sooner that I thought! Sorry I haven't been here to update, I've taken some time off just to have fun and focus on a few other things. We didn't quite reach the 10k target, we fell a little short, but it's still in play. This drop to the lower bottom of this descending wedge should be coming to a close here, the question is if we get another double at this level after motives towards 10k, or if we continue upwards. I believe that we fall back down and complete this ABCDE formation, but it is also possible that this wave count is just wrong. So let's continue to use our indicators to help figure out where we may be headed. We have a lot of support at this level and should move upwards regardless of what happens next.
After a possible continuation of this correction, it's hard to say what will happen with the E wave, because typically it will do what you don't expect it to do. It either falls short of the target, or overshoots it. If it overshoots it, we have a nice secondary support zone. The funny thing about this analysis is that it actually matches up very nicely with the Chinese New Years, lol. And that wasn't done on purpose. So we'll keep our guard up and our eyes open to help move along this correction. Hope you all are doing well!
7k level came sooner that I thought! Sorry I haven't been here to update, I've taken some time off just to have fun and focus on a few other things. We didn't quite reach the 10k target, we fell a little short, but it's still in play. This drop to the lower bottom of this descending wedge should be coming to a close here, the question is if we get another double at this level after motives towards 10k, or if we continue upwards. I believe that we fall back down and complete this ABCDE formation, but it is also possible that this wave count is just wrong. So let's continue to use our indicators to help figure out where we may be headed. We have a lot of support at this level and should move upwards regardless of what happens next.
After a possible continuation of this correction, it's hard to say what will happen with the E wave, because typically it will do what you don't expect it to do. It either falls short of the target, or overshoots it. If it overshoots it, we have a nice secondary support zone. The funny thing about this analysis is that it actually matches up very nicely with the Chinese New Years, lol. And that wasn't done on purpose. So we'll keep our guard up and our eyes open to help move along this correction. Hope you all are doing well!
Finishing the top side of this triangle. It may lolly gag around this level for the next few hours before making a decision. Volume is very low, this looks like a bull trap to me. It could still find support at the bottom triangle as well, so it would be wise to break up your shorts rather than doing one large one.