Cryptobob4

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Hey there guys, Its been a while since I last charted... Im going to share a strategy i like to use for trading early in the week. First we need to wait until Monday's range is established, preferably days with a wide range such as todays range (OCT 10th) As of now, the Monday lows are holding and the H1 candles are painting a nice local bottom formation. Also...

Cryptobob4

Hey guys, If any one has Santa's number please give him a call and tell him to bring me this. Enough jokes time for ideas. Lets start by saying that Im 50-50 in the MTF. This is my Bullish scenario: 1. We hold diagonal trendline acting as support and make a move out of the meme triangle (Don't discard triangle as its a big part of my bear thesis which I will...

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After looking at the charts and analysing the recent drops in price, i noticed that the price has reached an area where the A wave of the corrective move down (zig zag - 5,3,5) could culminate. This would be the .618 fib levels of the 1-4 waves and the 1:1 extension of wave 1 from wave 4 (guideline of wave equality). If my analysis is correct, then we are due to...

Cryptobob4

After the last couple of lethagic days with what many desribed as horrendous PA (myself included), we have finally seen some action. The way that the price is resolving would indicate that we have put in waves 1-3 of this first impulse since the correction from ATH. if this plays out then we are currently setting up for the fifth wave of this first impulse that...

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What up guys? Haven't charted in a while. Got a quicky here for you. Bitcoin making an impulse, currently finishing wave four. Simple as that... Wave 3 hit most likely target at 1.618 fib of wave 1, and wave 4 has made an adequate retrace. Could go a bit lower, invalidation is at 55,400 Initial targets for wave 5 would be 59.500 to 60.000 area. Then we may...

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After recent ATH and lethargic PA over the last 24 hours, I have decided to open a nice short position with good R:R at the Golden Zone of the last move down. My stop is above the .707 and targets are as follows: T1 = 60421 T2 = 59100 T3 = 57700 Stop = 63900 R:R = 8.28 at T1

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Hi there Fam , hope you guys are all good. So we started to move after the big dump we had these last few days, moonboys coming out of the woodworks calling 200k by 2021, as usual after a big dump. I personally don't make predictions like that, i play the chart and i suggest you all do the same. Contrary to popular believe that this correction is over I am...

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Hi guys, After analyzing yesterday's and today's Price Action I have my doubts about its continued rise. I think the move up is a corrective move and we are putting in a B wave of a larger zig zag with a 5 wave move down from ATH. Putting together my analysis and some fib extension to likely targets I am aiming for the .618 (54700) as first target and the 1...

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After Jerome Powell's comments, we have seen a big move in crypto as whole. BNB has not been left behind. As you can see in the chart there may be an impulse in play with the 1-2 finished and currently putting in the third wave. Possible targets fro the end of the third wave would be near 275-280 area. After price has reached this area I expect it to retrace for...

Cryptobob4

Check out the lack of volume expansion on the breakout of the "neckline" and be weary of the death cross 50/200 ma at the 1 hour chart. I would not bet the house on this IHS given that they tend to be memes and this one is too easy.

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I like to play corrections. I think we have a good opportunity to ride a short on BTC/USD from the ATH put in over the weekend. With a CME gap near 58k and the area of the breakthrough without a test, I am expecting price to return to that area soon before continuing its bullish push. As you can see on the chart the levels im looking at are: 1) The golden zone...

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IMO we have entered a new bear market, weather its short lived or multiyear we will see. However we must make a mention to one of the biggest pumps of the last month. Im talking about Binance Coin. As you can see in the chart we are currently correcting inside a bearish channel, Fib retracement and common algo targets give us confluence near the 190-200 area,...