Bitcoin is going back to 9k? I thought the bulls were gone!
I will state the facts as I am preferring to keep my analysis shorter now purely for timing reasons.
Support at 8k
~We've seen the support here before and this is where I believe it will act and continue to retrace to for the time being before continuation.
Elliot Impulse
~Very strong formation of Elliot impulse as show in light blue. Not the most reliable measurement for analysis but in this situation it could be very probably tied in with the extension facts.
Fib Extension
~Looking at a really good place to retrace back to 100% from swing high to swing low from support after crossing the 78.
Buy Volume
~Buy volume on the increase again.
Potential Gains
~This will render you about a 12-13% gain if you enter and exit perfectly from 8k to 9k ride.
~My recommendation is to set stoplosses at 7750 range if you get in at 8000, and then sell between 8.4k and 9k taking profits where the supports lie.
If you made money on my 3 winning calls I posted yesterday a follow would be appreciated!
I'm not a financial advisor and nothing I say is a fact, any losses made through these decisions do not hold me accountable.
If you liked this short post, be sure to follow and like.
~Xander
I will state the facts as I am preferring to keep my analysis shorter now purely for timing reasons.
Support at 8k
~We've seen the support here before and this is where I believe it will act and continue to retrace to for the time being before continuation.
Elliot Impulse
~Very strong formation of Elliot impulse as show in light blue. Not the most reliable measurement for analysis but in this situation it could be very probably tied in with the extension facts.
Fib Extension
~Looking at a really good place to retrace back to 100% from swing high to swing low from support after crossing the 78.
Buy Volume
~Buy volume on the increase again.
Potential Gains
~This will render you about a 12-13% gain if you enter and exit perfectly from 8k to 9k ride.
~My recommendation is to set stoplosses at 7750 range if you get in at 8000, and then sell between 8.4k and 9k taking profits where the supports lie.
If you made money on my 3 winning calls I posted yesterday a follow would be appreciated!
I'm not a financial advisor and nothing I say is a fact, any losses made through these decisions do not hold me accountable.
If you liked this short post, be sure to follow and like.
~Xander
Comentarios:
I did the elliot impulse wrong, it's meant to be a tad higher but it doesn't affect too much :)