If you see this link, you'll know what I mean!
Steady....Hold...Hold....Hold...Now!
Braveheart, it's a great movie!
www.youtube.com/watch?v=iDVuQi4g...
Steady....Hold...Hold....Hold...Now!
Braveheart, it's a great movie!
www.youtube.com/watch?v=iDVuQi4g...
코멘트:
When that blue resistance line is confirmed as support, we go to the next level...otherwise down and try again.
코멘트:
Take note: We are now moving between 2 important Fib trend lines (grey area) once support is confirmed we will move to test the next and the picture becomes clearer... I suspect a tasty bullish pennant of sorts, time will tell....look above!
코멘트:
There is more than one way to skin a cat...you decide.
코멘트:
I'm not buying or selling here, just watching 'n waiting... this could fail and we revisit the previous idea 'Are you feeling lucky' , re-trace lower and then head higher.
코멘트:
Possibilities are endless...just sayin.... have an open mind..
코멘트:
Be prepared to see a double top with hard reversal.....or nice big 'ol bullish continuation...then Moon.
코멘트:
코멘트:
Bull flag within a bull flag..... things are about to take shape..
코멘트:
This is a no trade zone here, I am still waiting for this to take shape. We need that RSI to come down before launching this up. I suspect it will take a while. Looking at BTC, there is a lot of overhead resistance. Market lacks direction, and is indecisive, it will take a long time for this to develop.
Little bull flags turn morph into triple tops and slide out of ascending wedges, blue lines, then to bull flags and before you know it we're in a giant bull pennant and it's too late...... Hold...Hold...for now.
Little bull flags turn morph into triple tops and slide out of ascending wedges, blue lines, then to bull flags and before you know it we're in a giant bull pennant and it's too late...... Hold...Hold...for now.
코멘트:
Watch it very carefully take shape, a wedge within a wedge, within a wedge...such is life!
Something tells me this is going to be a slow fight, for now... a grind higher to re-establish that horizontal blue Fib line as support perhaps.
Something tells me this is going to be a slow fight, for now... a grind higher to re-establish that horizontal blue Fib line as support perhaps.
코멘트:
Or a bear flag and we tank....I think I'll keep my mouth shut now....my excuse is I'm really old, smell like cabbage...everyones dead (WW1) and I have no friends!
코멘트:
Failure here at this Fib level (blue horizontal line) means we go lower.
This is a good thing, we'll get to see what's taking shape and if it will end up being something we can trade.
This is a good thing, we'll get to see what's taking shape and if it will end up being something we can trade.
코멘트:
Before advancing a successful strategy, we must first explore all possibilities...you decide.
코멘트:
It may look bad, but will provide an amazing opportunity.
Tom Ford, Private Blend Neroli Portofino, not cabbage...WW3 not WW1!
Tom Ford, Private Blend Neroli Portofino, not cabbage...WW3 not WW1!
코멘트:
Keep an eye on that RSI, going down nicely...maybe expect a drop, confirm the bullish divergence, then a pop.
I suspect traders have all set their stops and they will be taken down like building 7!
We jus looking for opportunities folks...stay nimble.
I suspect traders have all set their stops and they will be taken down like building 7!
We jus looking for opportunities folks...stay nimble.
코멘트:
As I mentioned before, in order to create an effective strategy we must, (emphasis on must), prepare for all eventualities...like a good Colonel..we got to take care of the troops. He would hate it if they all found themselves huddled together on the top of a giant pole with no flag!
Just think of the carnage!
Just think of the carnage!
코멘트:
Remember, never drink from the cup of Hubris....it's a poison...and can be fatal!
코멘트:
One with less drama.
코멘트:
'Possible' bullish 5 wave pattern setting up..
코멘트:
I think I'll this one out and see how it develops...all very tentative and could go either way.
코멘트:
The auto spell check on this site sucks!
코멘트:
Please be aware of a possible double top formation... I would be more comfortable getting into position when we confirm this as a flag, pennant or top...
코멘트:
C wave could extend higher as traders might see this as a breakout....we'll see.
코멘트:
코멘트:
This scenario takes place considering if BTC is in a double top formation.
코멘트:
I wouldn't be buying this....wait it out and see what pattern we get..
I'd expect some people will be panicking here... strong bearish divergence.
I'd expect some people will be panicking here... strong bearish divergence.
코멘트:
Crucial moment here for BCH...much bearish divergence, heavy overhead resistance and no momentum, so expect a decline.
Lets wait 'n see how this takes shape before jumping in.
Lets wait 'n see how this takes shape before jumping in.
코멘트:
Things are looking dismal for BCH right now, I seriously doubt we'll print a bull flag here at all...
코멘트:
If that's a bear flag...it's a pretty big bear flag!
코멘트:
A broader look.. the RSI is coming down, it is possible that we see major bullish divergence in the next day or two, then a big move up.
I get the feeling me may shake the tree here for a final pull back before moving up.
If this was the top, I think there would have been a harder sell off than we saw last night, so it's still up for grabs. Just remember this is going to be quick if it goes up and you don't want to be hodling at the top.
I get the feeling me may shake the tree here for a final pull back before moving up.
If this was the top, I think there would have been a harder sell off than we saw last night, so it's still up for grabs. Just remember this is going to be quick if it goes up and you don't want to be hodling at the top.
코멘트:
I know I've been back and forth on this one for some time. I'm just working through all the options as we move along into new territory. If we print a bull flag, we will have one last wave up before retracing all the way back to the support line later.
If the flag is confirmed then we will make a monster move as I can see bitcoin consolidating in the same manner.
Still waiting on the side for that confirmation.
If the flag is confirmed then we will make a monster move as I can see bitcoin consolidating in the same manner.
Still waiting on the side for that confirmation.
코멘트:
This will be the mother of all FOMO's...then all the way back down before you can say.....'pull it'.
코멘트:
Here is a look at the previous $1600 high from February... Remember this thing could just quietly fade all the away to the support trend-line while no one is even watching. Look to Bitcoin for confirmation that it has moved over the log down trend.
Caution advised.
Caution advised.
Just looking closely at how this develops will give us an indication of what to expect next...