BITFINEX:BTCUSD   Bitcoin / Dollar
329 1
I am still very neutral, with a small bias toward a bearish outcome, unless my "Invalidation" line is breached. If we look at the past and current "bull runs" (prior to a major sell off), we can see that the "impulses" look very 3 wave-ish. This is typically indicative of a corrective phase, not an impulsive move up. Unless the current move breaches the invalidation line, we can only conclude that it's also still in a possible state of correction, as it has failed to make a "5 wave" move up thus far. The daily volume also continues to descend and has taken on the appearance of a bearish flag .

We can also see that there is conflunece for the . 618 retracement for the larger degree Wave 3 and .618 ext. of the smaller degree Wave C (relative to Wave A).

Another thing to note is that the current move up looks like very similar to the major one prior to this. They could very well be fractals.

For me to switch to full bull mode, we need to breach my Invalidation line and volume needs to pick up. Otherwise, I am anticipating a possible major sell off.

Here is also a nice set of potential fractals that my buddy pointed out.
Fractals, in my experience, almost always come in sets of 3. Small, medium, and large. This set of fractals would adehre to said guidelines perfectly.
Trade ist aktiv:

Scaling up my shorts til $10,000. Stop loss is set around $10,300.

Each bulltrap has had a similar # of point increase before the major sell off. This case is no different.

Closer look at a possible subwave pathway.
Order storniert: Count invalidated.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden