Dear Reader,
Like many of you, I follow the top analysts on TV. Right now, everyone is getting it wrong!
First they say up, then down or both! .. and we all think ... are you long or short? Pick already!
The truth is that it's very difficult to analyze faster charts at the moment. Everyone is trying their best and pretty much waiting for a clear signal to emerge.
So, let's not be too judgemental of the authors.
I follow the longer term trend from the daily and weekly charts. My interpretation is that we need to see a big correction soon. It's completion will usher in major investment and send BTC + alts to the moon and beyond. I know that some disagree with my view and are of the opinion that we've already seen the bottom of the market. Only time will tell.
Today, I offer the possibility that BTC is traversing an ending diagonal.
Let's see how it turns out.
Happy Trading!
Like many of you, I follow the top analysts on TV. Right now, everyone is getting it wrong!
First they say up, then down or both! .. and we all think ... are you long or short? Pick already!
The truth is that it's very difficult to analyze faster charts at the moment. Everyone is trying their best and pretty much waiting for a clear signal to emerge.
So, let's not be too judgemental of the authors.
I follow the longer term trend from the daily and weekly charts. My interpretation is that we need to see a big correction soon. It's completion will usher in major investment and send BTC + alts to the moon and beyond. I know that some disagree with my view and are of the opinion that we've already seen the bottom of the market. Only time will tell.
Today, I offer the possibility that BTC is traversing an ending diagonal.
Let's see how it turns out.
Happy Trading!
코멘트:
Dear Reader,
BTC approaches the lower bound of the diagonal. Quax737 has made a valid argument in that we may breakdown from the diagonal at this point. However, I have reason to suspect that we have one more leg to go in traversing this pattern. It could go either way.
BTC approaches the lower bound of the diagonal. Quax737 has made a valid argument in that we may breakdown from the diagonal at this point. However, I have reason to suspect that we have one more leg to go in traversing this pattern. It could go either way.
코멘트:
The 15 minute chart looks quite promising for a move towards the top diagonal bound.
코멘트:
It's amazing to see so much happening at once ..
1.
1.
코멘트:
1. Inverted H & S
2. Breakout from a triangle
3. Breakout from descending channel
2. Breakout from a triangle
3. Breakout from descending channel
코멘트:
Exact same fractal pattern appears on the hourly !
코멘트:
A small breakdown towards the trendline and then we should be on our way to the next consolidation area @ $9400
코멘트:
Apologies .. I'm comparing the 15m to the hourly for reference.
코멘트:
I expected this consolidation a bit closer to $9400. It is critical to close above $9300 to continue the advance.
코멘트:
Curve ball !!!
I agree with Quax737 and revise my idea to an impulse wave set and my target to $ 9650. Teamwork is awesome ! Very well done dude !!
I agree with Quax737 and revise my idea to an impulse wave set and my target to $ 9650. Teamwork is awesome ! Very well done dude !!
코멘트:
Looks like we may break down from the channel and commence the descent to the wave 2 target.
코멘트:
I'm aiming for $9140 ...
코멘트:
I'm rolling the proverbial dice by saying this, but I do expect a deeper fall shortly ...
코멘트:
It's over ! BTC did not make the anticipated rise and we have progressed to the next step - a fall to about the $ 8600 region. Thanks for watching folks. See you soon at the next idea!
We can get quite close to the upper bound of the diagonal and this pattern will remain valid.