Dear Traders and Hopeaholics alike,
as the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short) I give you BTC 16K annnddd NEW ALL TIME HIGH of 21K :).
Right now they are going to be reading this post and shouting HA HA HA HA HA everywhere I go. But as the President and Founder of HOPEAHOLICS ANONYMOUS , don't let me be the...
If we look at the Bitcoin chart with the closing price, we see such an Elliott pattern. The price appears to be at the end of wave 2 or B (in a triangle pattern). If this pattern is approved then I expect the price to reach around $ 50,000. Of course at least!!!
Stop loss: 46000
Target range: 34000-3500
Time Frame: 2-4 wks
Possible gain: 20%
Possible loss:5 %
Position size: 5% of trading capital
You can see the most important support(green line) and resistance (red line) levels.
Dr. Moshkelgosha M.D
I’m not a certified financial planner/advisor, a certified...
BTC now can complete this extension pattern , as far as I mentioned on this Idea we can not name a harmonic before it appears , but we can talk about probability ...
So in this case we go up to 42k , there we have a strong resistance , after a while , price can violate this resistance and grows up to 46k. And then I will update this Idea.
This in NFA and be...
Bitcoin could get rejected soon..!
I believe the recent surge in crypto could be because of Russians converting their Russian Ruble to crypto ..!
The U.S. Treasury Department’s sanctions cop, the Office of Foreign Assets Control, will likely go after crypto exchanges and other digital currency platforms that violate bans against transactions with blacklisted...
This accumulation range feels like it needs a big capitulation move before any meaningful upside. Best case scenario is a move below last year's support to grab insane amount of liquidity, establish bottom, and run it up turbo. NFA DYOR
Currently #bitcoin is building a giant weekly PA range of ~$12,000.
Weekly candle looks awful with price action at the bottom of it. 33K retest looks much more probably then 45K at this point.
I have stop sells below red & stop buys above upper red.
Stay safe $btc family.
Bitcoin looks as if it will continued to push down. AO vs PA divergence and about to break through the retest of support. Coupled with AO turning black on the daily. Nasdaq & Bitcoin are attached at the hip.
Bitcoin is virtually unpredictable at this point. In order to benefit from crypto you have to be prepared for downside movement. let the trades come to you and buy the dips. When there is max FEAR in the markets that is opportunity. Once you buy and we relief bounce let the FOMO retailers buy on top of your bags and then dumb on them!
i dont think we're nearly done with this bear cycle. This bearish PA has fooled a lot of bulls because of the perceived change in market structure. I think this is a second bull trap before the real dump. Seems like there was quite a bit of liquidity hunting in this range. I expect a resumption to the downside soon,
Following the price action since my last post on the macro outlook ( ), this is now my primary count. Currently waiting for a minor abc up which will be the B wave of a final abc down. This would be a macro 5,3,3 wave four correction. Doesn't mean to say that the other counts I had laid out can't...