btc update we have closed the bearish trade as price got to our projected target of 18950-20
now that price showed a fake breakdown and closed within the range of channel
seems like btc forming inverted head and shoulder
trade setup
buy above 19325
stop loss below the right shoulder (not exactly stated as price still below the buy price )
target 19750 - 19800
Btc-bitcoin
Bitcoin Elliot wave analysisBitcoin BTCUSD trend is now up, then down
Bitcoin is overall preparing to back set go towards south zones on bigger picture's Elliot wave counts,
but currently we are expecting very little counter pull back rally towards north near 22500 zones, there after we are assuming good fall again towards south directions.
all the possible degree wave counts are shared in snap shots below
Possible wave counts on weekly time frame
Possible wave counts on daily time frame
Possible wave counts on 4 hourly time frame
positive divergence in both macd and rsi
RSI double breakout on hourly chart.
MACD positive crossover on hourly chart
MACD positive crossover on daily chart
Lower Bollinger also uptick
Trigger point is breakout this black resistance trendline
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However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
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BTC Blood Path !!! But where is the BOTTOM ???Good day to everyone!
BTC enters the BOTTOM zone which is between 16-22k. Best buy zone is 16-18k .
We may rally to the resistance zone 48-50k after few months of bottom consolidation (July - October), and then continues the Bull Run breaking ATH.
Get ready for the next Bull Cycle..
~RPS
Update: BTC broke $ 20000, what' next?so BTC followed the projected path! there seems to be one more small push down before some relief is seen.
the relief could be a wave (iv) in blue or alternatively a bigger bounce (which remains to be seen that its a bullish reversal or a wave 2 rally only to fail and continue the decline down later).
Trade safe!
Solana is ETH2.0, Always has been.There is a decent chance we might be here
We are in the process of bottoming yes, but when shit hits the fan this hard, this often can be that process.
NFA. Wud love it, if this post marks the bottom across the board. Never go full redard #SOL #ETH
I am saving my dry powder.
BTCUSD Trading Plan - 20/May/2022Hello Traders,
Hope you all are doing good!!
I expect BTC to go up on short term after finishing this correction.
Short term Buy.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea