Trading Edge
BTC UPDATE We didn't reach golden fib and bounced to .5 level with hidden div. Looks like Wave 2 is in.
BTC UPDATE
Golden ratio wave 3 and 4. Everybody is solving for wave 5 down. we are the only one solving for wave 5 up and bullish.
Golden ratio wave 3 and 4. Everybody is solving for wave 5 down. we are the only one solving for wave 5 up and bullish.
Trading Edge
BTC UPDATE This is what i see now. looks like we already have candidate for wave A. I just got out from my scalp short and will enter again once i see a clear ABC for this wave 2
We now have wave A and wave B and waiting for our wave C of 2. I'm scalping short this one
Trading Edge
We now have wave A and wave B and waiting for our wave C of 2. I'm scalping short this one
BTC Update
The count is more clear now and my scalp short were stopped out at break even. Updated wave 2 as wave 4 and we are heading to final leg to wave 5 of 5. Longing here is risky because we may or may not reach our target level for wave 5 due to multiple bear divergence in lower time frame and bulls is showing sign of exhaustion.
The count is more clear now and my scalp short were stopped out at break even. Updated wave 2 as wave 4 and we are heading to final leg to wave 5 of 5. Longing here is risky because we may or may not reach our target level for wave 5 due to multiple bear divergence in lower time frame and bulls is showing sign of exhaustion.
Trading Edge
BTC Update The count is more clear now and my scalp short were stopped out at break even. Updated wave 2 as wave 4 and we are heading to final leg to wave 5 of 5. Longing here is risky because we may or may not reach our target level for wave 5 due to multiple…
BTC Update 3-27-20
We are still inside the channel so count is still valid. updated micro wave 4 of 5 as triangle. Clean breakdown of our channel would confirm the top is in and a major pullback from our 11 days impulsive move is expected to around 6700-6500 assuming our top is 7700-7800
We are still inside the channel so count is still valid. updated micro wave 4 of 5 as triangle. Clean breakdown of our channel would confirm the top is in and a major pullback from our 11 days impulsive move is expected to around 6700-6500 assuming our top is 7700-7800
If we continue to sideways until next week then this will be a Triangle wave B. lets see how the bearish boys will count this one if they see a triangle since this is their wave 2 and triangle is not valid in wave 2.
Notice that we only have one macro bias here. I will only entertain bearish macro count once my bullish macro gets invalidated. BTC @ 4390 to be specific.
People had a chance to buy sub 4k, sub 5k, and now sub 6k. Next round of fomo buying might happen near 7k.
BTCUSD
Micro wave C. Bounce to fib 382 and a rejection to downslope trendline is our pullback zone for wave 4 before heading to Golden Ratio fib for our wave 5 that will lead us in forming bullish divergence. A strong bounce from those level is a good sign for long.
Plan your trade ahead of time and execute it properly according to your plan if you want to survive this market.
Micro wave C. Bounce to fib 382 and a rejection to downslope trendline is our pullback zone for wave 4 before heading to Golden Ratio fib for our wave 5 that will lead us in forming bullish divergence. A strong bounce from those level is a good sign for long.
Plan your trade ahead of time and execute it properly according to your plan if you want to survive this market.
Bitcoin market update
Pivot - I don't like the monthly pivot range. It looks ugly. BTC needs to reclaim and stay above monthly pivot to remain bullish otherwise expect new lows.
Volume - Increasing price and decreasing volume indicates lack of interest and a sign of reversal. In order for the market to rise we should see a rising volume because buyers require increasing numbers and increasing enthusiasm in order to keep pushing prices higher.
Trend - Higher time frame Ma's / Ema pointing down clearly indicates a downtrend market.
Pivot - I don't like the monthly pivot range. It looks ugly. BTC needs to reclaim and stay above monthly pivot to remain bullish otherwise expect new lows.
Volume - Increasing price and decreasing volume indicates lack of interest and a sign of reversal. In order for the market to rise we should see a rising volume because buyers require increasing numbers and increasing enthusiasm in order to keep pushing prices higher.
Trend - Higher time frame Ma's / Ema pointing down clearly indicates a downtrend market.
Trading Edge
BTCUSD Micro wave C. Bounce to fib 382 and a rejection to downslope trendline is our pullback zone for wave 4 before heading to Golden Ratio fib for our wave 5 that will lead us in forming bullish divergence. A strong bounce from those level is a good sign…
Pullback for micro 4 of c and last push to 5th wave of C . Rejection to trendline and mini bear div will confirm our wave 4
https://www.tradingview.com/x/UXUDHafP/
https://www.tradingview.com/x/UXUDHafP/
Trading Edge
Pullback for micro 4 of c and last push to 5th wave of C . Rejection to trendline and mini bear div will confirm our wave 4 https://www.tradingview.com/x/UXUDHafP/
Pullback and rejection to trendline with mini bear div. BTC respecting our counts so far. looking for 5 waves down now.
https://www.tradingview.com/x/9ZUR4jtD/
https://www.tradingview.com/x/9ZUR4jtD/
Trading Edge
Pullback and rejection to trendline with mini bear div. BTC respecting our counts so far. looking for 5 waves down now. https://www.tradingview.com/x/9ZUR4jtD/
We should see something like this. Micro fib relations respecting our Macro fib relations. Lets just wait and let the market decide if he follows our count.
https://www.tradingview.com/x/0Tu7q5LA/
https://www.tradingview.com/x/0Tu7q5LA/