By all means ignore this idea. I have 0 TA experience, just my thoughts and some numbers that I put together that just so happened to fall on the B2X fork date.
I noticed quite a few bounces from previous ATH.
ATH X .61 always seem to be a key correction #.
First we went from $775 to to $470.
775 x 471 = $472.75
Another $2960 to $1830
2960 x .61 = $1805
Then we went to $4980 to $3000
4980 x .61 = $3037
And now we are going from $3,000 to what I believe $8200 as
8200 x .61 = $5000
Ignore the wave counts. New with charting tools.
Thanks for viewing!
I noticed quite a few bounces from previous ATH.
ATH X .61 always seem to be a key correction #.
First we went from $775 to to $470.
775 x 471 = $472.75
Another $2960 to $1830
2960 x .61 = $1805
Then we went to $4980 to $3000
4980 x .61 = $3037
And now we are going from $3,000 to what I believe $8200 as
8200 x .61 = $5000
Ignore the wave counts. New with charting tools.
Thanks for viewing!
Kommentar:
Looks like we will top off scratching the surface of $7500 (may trigger stop losses so wick me extend to $7550) before the next leg down.... Atleast I hope. I will be shorting soon and placing a buy order at $7010... May go as low as $6850..... or hell we can just go completely downhill from there. But so far so good, no changes made to the graph.
Kommentar:
Bouncing off perfectly... I wish I would've followed my own TA.
If it breaks above $7600 and closes.... Who knows where it's going.
Bounced perfectly off the previous green buy zone.
If it breaks above $7600 and closes.... Who knows where it's going.
Bounced perfectly off the previous green buy zone.
Kommentar:
What I'm seeing.
Kommentar:
Not enough momentum to close out onto of the resistance line.
we may be bouncing off on a downtrend for a few days. We may not retrace much if any. So trade at your own risk.
we may be bouncing off on a downtrend for a few days. We may not retrace much if any. So trade at your own risk.
Kommentar:
Going down. I have a BTC order at $7109.
If it fails we may go down to the $6800-6900 area.
If it fails we may go down to the $6800-6900 area.
Kommentar:
Perfect bounce off the trend line. Dropped down a little faster than expected but my order got filled on the wick :)
Kommentar:
If sell pressure continues we may visit the $6800's area.
Kommentar:
If we break below the yellow support line we are headed to the 6100-6200 level. Which I'm sure that's where the whales will like to accumulate more BTC for it's last run up to the $8k level
Watching both zones closely. Hopefully I can get to night trade some of the downfall.
Watching both zones closely. Hopefully I can get to night trade some of the downfall.
Kommentar:
We wont correct as much in my opinion. Not until the fork at least.
Still bullish to the $8k+ mark.
Still bullish to the $8k+ mark.
Kommentar:
Nothing has changed. I still believe BTC is not done going up yet. I'm sitting in FIAT as I type this. May go in with a little more confirmation.
Kommentar:
Peaked $7900. Volatility lost due to B2X cancellation and BCash FUD.
Kommentar:
Still headed for it's $82-8300 mark. Nothing has changed besides the crazy volatility.