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Braveheart!
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If you see this link, you'll know what I mean!
Steady....Hold...Hold....Hold...Now!
Braveheart, it's a great movie!
youtube.com/watch?v=iDVuQi4gdtk
Steady....Hold...Hold....Hold...Now!
Braveheart, it's a great movie!
youtube.com/watch?v=iDVuQi4gdtk
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We all create our own destiny in life..... decisions decisions...Just looking closely at how this develops will give us an indication of what to expect next...
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When that blue resistance line is confirmed as support, we go to the next level...otherwise down and try again.ملاحظة
Take note: We are now moving between 2 important Fib trend lines (grey area) once support is confirmed we will move to test the next and the picture becomes clearer... I suspect a tasty bullish pennant of sorts, time will tell....look above!ملاحظة
There is more than one way to skin a cat...you decide.ملاحظة
I'm not buying or selling here, just watching 'n waiting... this could fail and we revisit the previous idea 'Are you feeling lucky' , re-trace lower and then head higher.ملاحظة
Possibilities are endless...just sayin.... have an open mind..ملاحظة
Be prepared to see a double top with hard reversal.....or nice big 'ol bullish continuation...then Moon.ملاحظة
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Bull flag within a bull flag..... things are about to take shape..ملاحظة
This is a no trade zone here, I am still waiting for this to take shape. We need that RSI to come down before launching this up. I suspect it will take a while. Looking at BTC, there is a lot of overhead resistance. Market lacks direction, and is indecisive, it will take a long time for this to develop. Little bull flags turn morph into triple tops and slide out of ascending wedges, blue lines, then to bull flags and before you know it we're in a giant bull pennant and it's too late...... Hold...Hold...for now.
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Watch it very carefully take shape, a wedge within a wedge, within a wedge...such is life!Something tells me this is going to be a slow fight, for now... a grind higher to re-establish that horizontal blue Fib line as support perhaps.
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Or a bear flag and we tank....I think I'll keep my mouth shut now....my excuse is I'm really old, smell like cabbage...everyones dead (WW1) and I have no friends!ملاحظة
Failure here at this Fib level (blue horizontal line) means we go lower.This is a good thing, we'll get to see what's taking shape and if it will end up being something we can trade.
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Before advancing a successful strategy, we must first explore all possibilities...you decide.ملاحظة
It may look bad, but will provide an amazing opportunity.Tom Ford, Private Blend Neroli Portofino, not cabbage...WW3 not WW1!
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Keep an eye on that RSI, going down nicely...maybe expect a drop, confirm the bullish divergence, then a pop.I suspect traders have all set their stops and they will be taken down like building 7!
We jus looking for opportunities folks...stay nimble.
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As I mentioned before, in order to create an effective strategy we must, (emphasis on must), prepare for all eventualities...like a good Colonel..we got to take care of the troops. He would hate it if they all found themselves huddled together on the top of a giant pole with no flag!Just think of the carnage!
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Remember, never drink from the cup of Hubris....it's a poison...and can be fatal!ملاحظة
One with less drama.ملاحظة
'Possible' bullish 5 wave pattern setting up..ملاحظة
I think I'll this one out and see how it develops...all very tentative and could go either way.ملاحظة
The auto spell check on this site sucks!ملاحظة
Please be aware of a possible double top formation... I would be more comfortable getting into position when we confirm this as a flag, pennant or top...ملاحظة
C wave could extend higher as traders might see this as a breakout....we'll see.ملاحظة
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This scenario takes place considering if BTC is in a double top formation.ملاحظة
I wouldn't be buying this....wait it out and see what pattern we get..I'd expect some people will be panicking here... strong bearish divergence.
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Crucial moment here for BCH...much bearish divergence, heavy overhead resistance and no momentum, so expect a decline.Lets wait 'n see how this takes shape before jumping in.
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Things are looking dismal for BCH right now, I seriously doubt we'll print a bull flag here at all...ملاحظة
If that's a bear flag...it's a pretty big bear flag!ملاحظة
A broader look.. the RSI is coming down, it is possible that we see major bullish divergence in the next day or two, then a big move up.I get the feeling me may shake the tree here for a final pull back before moving up.
If this was the top, I think there would have been a harder sell off than we saw last night, so it's still up for grabs. Just remember this is going to be quick if it goes up and you don't want to be hodling at the top.
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I know I've been back and forth on this one for some time. I'm just working through all the options as we move along into new territory. If we print a bull flag, we will have one last wave up before retracing all the way back to the support line later.If the flag is confirmed then we will make a monster move as I can see bitcoin consolidating in the same manner.
Still waiting on the side for that confirmation.
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This will be the mother of all FOMO's...then all the way back down before you can say.....'pull it'.ملاحظة
Here is a look at the previous $1600 high from February... Remember this thing could just quietly fade all the away to the support trend-line while no one is even watching. Look to Bitcoin for confirmation that it has moved over the log down trend.Caution advised.
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