In my previous post, said I'd only consider re-entering BTC/Alts "if it pulled back to ~8150 first" (before getting to 8315 target).
It did exactly that, shot up after retracing to 8150.
I just didn't expect overshoot to 8400.
I will update with proper wave count and next targets after this settles a bit.
It did exactly that, shot up after retracing to 8150.
I just didn't expect overshoot to 8400.
I will update with proper wave count and next targets after this settles a bit.
Comentário:
I prefer having more data before setting next targets, especially after a sudden BTC pump like this, however I'd like to be away & catch up on work, so I'll set some rough estimate for now.
Bitcoin may correct something like this to ~8150 & may want to attempt another move up after.
Bitcoin may correct something like this to ~8150 & may want to attempt another move up after.
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Bitcoin is stalling to correct normally as it finds support on an intersection of support lines. Possibility of it attempting another move up to 8500-8600 range, if it doesn't correct normally soon.
Comentário:
Bitcoin could make a decision soon. I updated my mark to the 8220 line for the past 2 hours, interested to see how it reacted at that point.
Price could break either way with enough forces from either side, but I'm leaning towards Bullish/Up for now. Weak/odd correction so far.
Price could break either way with enough forces from either side, but I'm leaning towards Bullish/Up for now. Weak/odd correction so far.
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Still just getting some #Altcoin buy orders filled around this point.
Bitcoin moving very slowly here as the market is trying to make a decision. I think it shouldn't take too much longer before some real movement takes place.
BTC support zone listed below and resistances marked above.
Bitcoin moving very slowly here as the market is trying to make a decision. I think it shouldn't take too much longer before some real movement takes place.
BTC support zone listed below and resistances marked above.
Comentário:
Bitcoin still moving according to plan & targets so far.
Notice we are stalling (small correction) in the same resistance area I pointed out in my last update (~8300 range).
Several upside targets marked, you'll have to observe real-time momentum/volume to determine where it may hit.
I'm unsure at the moment if Bitcoin is on a large subwave-1 (which I am hoping), or already completed 3 small subwaves.
The size of this correction area should give us clues.
If only completed subW-1, then naturally, upside targets are higher.
Notice we are stalling (small correction) in the same resistance area I pointed out in my last update (~8300 range).
Several upside targets marked, you'll have to observe real-time momentum/volume to determine where it may hit.
I'm unsure at the moment if Bitcoin is on a large subwave-1 (which I am hoping), or already completed 3 small subwaves.
The size of this correction area should give us clues.
If only completed subW-1, then naturally, upside targets are higher.
Comentário:
Please also remember it's a good idea to set stop-losses. Since I (and hopefully most of you) bought around the bottom here (8200), I can place my stop-losses in a safe position of profit, relax & wait to see how high price gets.
Can't lose on this trade either way, rise or fall.
Can't lose on this trade either way, rise or fall.
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Bitcoin price pumped and hit right to my 8530 mark so far.
It was the higher end next-wave target in case of sudden volume.
We'll have to observe if buyers are going to attempt to break past this right away, or cool down a bit; was definitely a target/resistance level I saw.
It was the higher end next-wave target in case of sudden volume.
We'll have to observe if buyers are going to attempt to break past this right away, or cool down a bit; was definitely a target/resistance level I saw.
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Just sharing that Tron / TRX is doing very well recently. It was my largest portfolio buy last night & up ~14% since. I temporarily sold at the top (0.77) and will be observing to likely get back in soon. Do note that volatile coins can also fall/lose value as quickly.
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My next Bitcoin target is Buy @ ~8420 range. Caution as this correction so far is sluggish & hard to interpret.
Upside target ~8650.
Upside target ~8650.
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Posted on Twitter that I believe price may get lower.
Update coming.
Update coming.
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(New updates will be placed in my new post - Lined to the bottom)
My updated thoughts on how the next 24hrs play out for Bitcoin.
If price doesn't jump here soon (which I now less likely believe will happen), we should have a lot more correction to complete (down to ~8350), before another wave up to ~8650.
My thoughts on how the next 24hrs play out for Bitcoin.
If price doesn't jump here soon (which I now less likely believe will happen), we should have a lot more correction to complete (down to ~8350), before another wave up to ~8650.
I update more frequently on Twitter than on TradingView.
Twitter: @AndrewEDavis
twitter.com/AndrewEDavis
New Post:
My updated thoughts on how the next 24hrs play out for Bitcoin.
If price doesn't jump here soon (which I now less likely believe will happen), we should have a lot more correction to complete (down to ~8350), before another wave up to ~8650.
My thoughts on how the next 24hrs play out for Bitcoin.
If price doesn't jump here soon (which I now less likely believe will happen), we should have a lot more correction to complete (down to ~8350), before another wave up to ~8650.
I update more frequently on Twitter than on TradingView.
Twitter: @AndrewEDavis
twitter.com/AndrewEDavis
New Post:
"Potential count where Bitcoin attempts a Bull Flag for a small push to ~8320.
I'll sit this one out as I believe if it does reach there, it will correct after, & the risk to reward isn't good.
Would only slightly consider if it pulled back to ~8150 first.
Support below @ ~8050."