Btc-short
One last pullback before the MASSIVE #Bitcoin | $BTC Breakout!?!One last pullback before the MASSIVE #Bitcoin | $BTC Breakout!?!
We think so. Elliott wave and fibonacci usually don't lie, so we hope
that you've opened a HUGE SHORT position at these overbought price
levels. As always, use STOP-LOSS or STOP-LIMIT orders to protect
gains, as well as limit potential losses on your trades!
Decisive moment for BTC After this small run from BTC up to 3950 we hit a major resistance level. Also, we are very high on the RSI which might indicate BTC will go on its way down again. However, if BTC manages to close above the yellow resistance line on the weekly chart, we will most likely retest this yellow line to see if it holds as support. If so, this might be the end of the BTC bear market and a great opportunity to invest.
XBT BTC More Drop incoming!!!continuing on my prior published idea the same way our bear-flag continues to form.
Short Entry 3350+ (stagger short limit orders -x5- from 3350-3550 to catch a possible small leg up before decent to 3200 or below)
Leverage : 5x 10x (SL at 3600)
T1: 3250
T2: 3150
SL: 3700
First short target reached. Second target - (3350 - 3480) on BTCAfter completing Wave B of ABC corrective formation, we've had a massive impulse downwards, indicating a beginning of a strong C wave, confirming our bearish bias.
We've been able to hit the first short target on 3630 - 3700 level and now we'll be looking on entering another short position on pullback with a solid R:R setup.
Check out the linked idea for more explanation about current wave formation and as always,
thanks for checking out this idea, comments and likes are greatly appreciated.
eURGBP double top completionEurGBP has made a nice double top and is currently catching some buyers at the base. Im expecting this pair to breakthrough the neckline, retest the new ceiling and then drop to lows near .84 to complete the pattern. The real watch will be to see whether it will consolidate around its current levels, or immediately make the breakdown because of the strong bears.
Great set-up for a short-term TRX shortTargeting 0.618 which coincides with uptrend diagonal support