This lines on bitfinex. Maybe go bullish for more 1 month.
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......before make another pullback
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1st bulltrend
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2nd bulltrend
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3rd bulltrend
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The first 3 bullruns are the 5 fractal waves of the 1st main wave, with 5 years duration (2009 to end 2013) .
After that we had a boring low (2014/2015) - the second big wave.
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Since 2015 started the 3rd main wave, with lots of fractal waves and a big bull trend
Now we are in a high parabolic, there is no exact target to define a sale, however the line for purchase is in 90º, so from now on, any purchase is high risk.
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The second great wave I mentioned above
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Making some adjustments on the line .. It's insanely 90oº
Nao da uma sensação que deveria corregir ali nos 10499 para poder subir até o 14297? Eu estou muito intrigado com esse canal tambem.
No d1 esta bastante visivel.
felipecms14
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@diego.sfreitas2014, ficou o dia inteiro entre 10400 e 10700, pra que voltar agora de novo para 10500?
Minha sensação é que o preço irá subir sem muitas correções, não sabemos até onde, e a hora que iniciar a queda, será para uma reversão de tendencia, já que a linha de baixo deste "envelope" está quase há 90º. A próxima baixa de preço provavelmente não será uma compra boa para longo prazo (meses/anos seguintes). Swing ou daytrade terão diversas oportunidades de compra e venda como sempre.
cryptoneur
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So are we due for a pullback?
felipecms14
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@cryptoneur, I just drew this to follow based on the study that came from the link above.
Based on the graph study above the stop for a reversal of a movement of the weekly chart should stay in the break of the bottom line, close to 8000 at the moment.
I would not say to sell right now on the touch of the top line, as this changes from one exchange to another (print in comments), there are still targets for region of 13000.
Personally, I'm running a stop in the region of 9000 for myself, protecting a correction of the daily chart.
And another stop in the region of 10,100 for an intraday move.
The ideal, always, is to believe in the trend and manage a stop well.
No d1 esta bastante visivel.