Ftradorex

Chart reached 70.25k and went bearish, staying in a state of sideways. This sideways form a triangle which broke below. Watching USD strength, there's a great chance that bitcoin will get even weaker making a bearish trend, but for safety, I don't recommend on selling. D1 timeframe shows that tuesday haves high chance to finish bullish, so if bearish happens, it may only be a bearish shadow and candle may transform to bullish at the end of the day. Hope to recieve boost! This follows up my D1 plan, fifth wave of Elliot Wave. Trade wise 👍.I said that bitcoin becomes weaker, but the correct way is "stronger", because dollar is now strong but bitcoin becomes stronger to make the bearish.

Elliot Wave on recent bearish trend finished. High volume candles where left behind. Waiting for volume correction. Chart bounced on 300% E.W. fibo. . Fibo is between 2 and 4 peaks of E.W. Expecting to reach at least, cloose to the top of closest H volume candle.The chart of Bitfinex shows a gap that needs to be fulfilled. Chart may go up, but since is weekend, will it stay bullish? There's a chance that will just touch with shadows and then do a bearish trend. I recommend to stay sharp and prepare to sell when gap is touched. SL on profit, always do it. Trade wise 👍.This pattern has happen before where chart keeps it one direction and makes a big candle toward the same direction. Bitcoin is weak now, probably because is weekend. A lot of wave divergence is happening. Following that bitcoin had the lead over dollar at the start of the week, this seems to be part of the pair balance. Maybe monday will tell.Prediction successful. Chart actually bounced just in the gap line, went bearish, and then, go bullish and almost reach volume correction. I still think it can go higher. E.W. has been settled and 300% fibo. is right in the purple line. Still, since big divergence has happen, a great bearish movement is bound to happen. Bitcoin is weak, same as previous week. Not only that, dollar is weak, but bitcoin is weaker. This shows that Bitcoin will take the lead over dollar in this market. We can expect same scenarios of previous monday. Since it's like this: dollar should take lead on wednesday or thursday. Keeping all this in mind, I'll stay out for a while to see what happens. If chart reaches complete volume correction, we can sell directly toward half or lower of bullish trend with a SL at 400% - 461% of fibo..

Elliot Wave has been settled in D1 time frame. Waiting for fifth wave to finish on 300% of E.W. fibonacci. Fibonacci is between 2 and 4 peak of E.W. USD should become strong or BTC become weak, which, I believe it's what's going to happen. SL behind 1 peak. there's a chance that wednesday finish bearish. Note: Trade wise 👍 think cold.

Chart finished a bearish Elliot Wave and now can u-turn. Since it didn't complete full volume correction, it can go directly to 338% of E.W. fibonacci. Fibonacci is between 2 and 4 of E.W. The boxes are from an hour that was five times repited from a previous HH (or LL). Retest can finish without hitting the box. Sidenote: I have two boxes and don't know which on chart will go, but it will still go up so there shouldn't be any problem.Simple hit and bounce right in the first box. I put SL on profit, always remember this; trade secured. Now that retest was successful, chart may return and do a retest on the second (higher) box on friday. Still, I don't have a confirmation, so buying now is risky. Since bearish trend is starting, there's a higher chance that chart keep going bearish until 66.231K. Good luck!Didn't touch 300% of candle box and LL. Chart went bearish but, like I said, Friday is better to trade. If you want to take the risk, BTC is following EURUSD lead as bearish, meaning that on bullish we could see a divergence and I believe EURUSD will keep it doji (bearish first, then bullish) while BTC should take advantage and go green engulfing (bullish). If both go engulfing, then it would be better and easier to predict. This candlestick (hour 1:00) is the fifth, in other words, it haves potential of going full bearish. I recommend to wait until this hour pass so then take action.I'll take action now. There's a risk so, trade wise.Since it turned out like this: BTC didn't pump when EURUSD did, giving open doors for BTC for a great bullish movement. But if it doesn't do it by today, then it will wait for monday. This recent bearishtrend was a divergence, I don't see why it will keep going bearish, but, since is a divergence, trading will be of high risk. I'll buy again because of the two sets of ae. waves. This trade is of high risk so trade wise.Prediction was successful. E.W. has been settled; todays goal would be 300% of fibo. *fibonacci is between 2 and 4 peak of E.W. Move SL to profit. 👍Profit should be taken. Now we can await an bearish movement. Still, if you want to hold, TP is still on 70k or higher.The bearish movement should take all saturday. It can finish with just shadows.This is the plan. Since it turned sideways, bearish movement should happen later. *Box has been identified. It works as retest, but it may wait until chart go a little away from it. *I truly recommend not letting the trading open in sundays.New week, new start, new pump. In the comments I writted that chart will do a double bottom and, instead of reaching an already bottom peak, it created one in saturday (half day) and the other one in sunday building in itself a double bottom. Now that monday EURUSD market is on the move, we can see that there is a great divergence ocurring where chart is going full bullish even when in EURUSD, USD currency is not showing same strength. In other words, bitcoin has lost a lot of strength. Since USD has been alright, there is actually no need for it to become stronger, but when bitcoin does, it will surely make USD drop. Today's goal would be the upper box. The USD drop may happen tomorrow, so stay tune. *If EURUSD becomes bullish, breaking new high, it will drag BTC with it. But seeing how things are, EURUSD may drop first and then BTC second. This can be use for confirmation.New urgent analysis: The USD drop will make market stay sideways. But if USD weakens to much, this may produce a huge volatility effect. On high volatility, SL may get hunted. Since chart is on the bearish now, it doesn't necessary mean it will stay that way. Chart is reacting to the box as retest but is unclear the direction since it is a high volatility effect. Patience would be the wise answer until we have a good analysis of the current chart movements and to see how EURUSD will go.I'll start from here. It should be of great chance since USD will drop sooner or later.Aditionally, minor E.W. has been setled. SL should be behind 1 peak and TP should be on 300% of fibonacci. Trade wise 👍Cloose SL on profit.Good news. Tuesday haves high chance to be a bearish candle. Can't tell how far will go, though. It would be wise to let the TP open and keep it SL tracking (probably around 68.8k). Remember to move SL on profit, always do it.Everytime you can keep opening bearish trades if candle returns to the opening on daily time frame candlestick. This is because it haves high chanve of being bearish. Once it finishes (24hr), the other candlestick will go bullish, at least, for some time.Midday waves detect a posible bullishtrend right now. Two sets of ae. waves show same prediction. Seeing how USD loose strength on EURUSD market, BTC seems to lead USD, so there's a great chance that BTC become even weaker then USD and make chart go bullish for a while. SL is anonymous so, trade wise 👍.Cloose SL on profit, always do this. A 300% of bottom candlestick fibonacci has been reached and chart bounce on hit. I still think it will rise, but, for safety, I recommend to take profit now.Prediction was successful. Chart reached box and bounced. USD took the lead and both markets (EURUSD and BTCUSD) went bullish. It broke diagonal D1 resistance, but still unpredictable on lower frames. Following midday (AE) waves, chart may finish bullish for now. USD may weaken for a day, so, we can expect another bearish movement for at least half a day. If BTC becomes weaker then dollar then chart will change direction. Note: The bearish movement may just be a sideways phase. Trade wise 👍.

Chart finished a bearish Elliot Wave and now can u-turn. Since it didn't complete full volume correction, it can go directly to 338% of E.W. fibonacci. Fibonacci is between 2 and 4 of E.W. The boxes are from an hour that was five times repited from a previous HH (or LL). Retest can finish without hitting the box. Sidenote: I have two boxes and don't know which on chart will go, but it will still go up so there shouldn't be any problem.

Chart made a simple u−turn toward a midle low peak of a HH peak. Big waves (w−z) still ongoing. Even so, I'll start selling now to take the first bearish wave. Fibonacci is on a LL and midle HH. This is a strong fibonacci support if chart bounce on the 100% level once so then it reaches 288% or even 461%. I'm using it for reversal prediction.Another high votality has ocurred. This green candle will be of magnet later on. Retracement will be done toward the bottom of the green candlestick. If not in this retracement, it will be on next candle. If shadow is small, then it is expected a great bearish wave. Note: EURUSD is still bullish. Since USD recovered, it may go even more bullish both pairs. I'm still targeting the retracement, but to stay safe, is better close trade on profit when posible.Analysis of my mistake: It was a blunder because I didn't follow what EURUSD was showing. It was in bullish and Bitcoin was following USD lead, plus, didn't have a present short goal until now. Volatility went high making more bullish movement; that wasn't predicted. I presume it happened so Bitcoin and EURUSD get synchronized because they weren't when Bitcoin was in bearish. I should study volatile time in relation with two or three markets so I don't get SL hunted.This is EURUSD plan. Waiting for chart reach 300% fibo. E.W. the furthest 300% zone is from an unofficial E.W. but it's well constructed.Just to show that I will be waiting for this as a confirmation for BTCUSD.Weekend tends to be bearish for BTC. Since wz. waves are almost finish (second set), I'll start a trade now. Still, EURUSD hasn't reach price limit, so it's a little risky. Using fibonacci in certain peaks gives strong zones for SL position. The TP would be the candles LL that haves high volume. Another note is that small retracement is posible because chart may do an W at start of trend. Knowing this, SL can be move on profit when chances appears.Trade wise guys. 👍It went down by a thousand pips but returned. Now that EURUSD market finished on an unfinished bullish trend, BTC haves a great opportunity to go bearish until monday. I expects giant bearish candles to form because wave analysis (based on colors) indicates that chart, after three waves, will continue bullish. On the contrary, a set of waves based on big waves (wyz waves) indicates that chart can make, instead of shadows, a giant wave that will seem as chart is moving sideways. Having all in consideration, best to do is sell. If something went wrong, there's no need to worry since is going down even for a little (same idea I had in previous update). Good and Peace 👋.Went down another thousand pips and returned. This time I'll close trade because EURUSD is on the move toward bulls target. I'll wait until then.👋

BTC is bearish but freezed as if it's in an accumulation state. If it keeps bouncing up, bullish scenario should appear to make few volume corrections left behind. High volume candle needs to be corrected.Volatility is disordered now that even affects other markets. USD is probably trying to take the lead.This will be the second attempt.SL on profit. Always do this. USD is on the lead. Bullish power should persist for ten candles unless there is a giant bullish spike, but I don't think so.Volume correction has been done. TP would be wise. I'll let it open until second green wave appears.

After seven bullish minor waves in H4 t.f., later on chart reached 65.5k with a HH shadow that hits 300% of previous candle putting fibo. inside of it, on coordinates 64500 and 64k. The red parallel channel shows where chart feel atracted. Combining this aspects I can assume chart will go bearish for the moment. Later on, it should reach 57k at least, completing volume correction. Then, it can go up if corrections are needed.The two small green candlesticks where made. This is an imitation of previous HH. On the contrary, chart bullishtrend is still strong because a weakened phase has passed (sideways without true intention) and now is on the strong phase (starting with the recent bullishtrend). So, instead of going full bearish, it may do some sideways first and then go bearish.Is rising with EURUSD which means that USD is on the lead. We can expect more bullish movement, still, bearish E.W. hasn't finished. What chart will do? Analysing simple, it will go bullish for the time being to reduce fifth wave length. When EURUSD make retracement, bitcoin will finish the bullish retracement and continue bearish for fifth peak. Staying simple and logic is the best way to trade.E.W. formation has broke. Settled two sets of ae.w.. We will need to wait for one more wave with one red candle on it. This gives opening to more bullish movement, but seeing how EURUSD made a stop, chances of falling increase. For the ones that SL has been hit, you can open operation now or wait until chart makes a green candle after a red candle. I'll open one now because later on probably I'll be sleeping. Good and Peace.👋Prediction was succesful. Chart made the red candle and the green one, went full bearish and didn't even do the first wave for E.W. giving opening for a great retracement. Stay alert, chart can go even more bearish. We can take trade now, or keep it SL tracking. I'll not close trade because I'll wait and see full E.W.D1 t.f. Shows big bearish correction. I guess because of the large bullish trend, it haves a need to do big retracement. Still, E.W. has formed, so, can't say if this is true and will ignore E.W. support zones. Analyzing all this, the best BTC can do is go full bearish and stablish a double bottom or lower. With the recent bearishtrend it has done an inversed cup and handle pattern, it is a great opportunity to break support zones and reach the goal. Since it is like this, chances of it to keep going bearish would increase, reaching about four times the inversed cup. Keeping the trade open is wiser. No need to open new and risk SL hunt. We can keep it until end of next week (probably until wednesday). If you close operation, open one when chart makes an double top with two green candles. You can open one now but the risk is big. It's better to loose the trade then to risk it.I was checking volume corrections and found out that chart leave behind a high volume candle. I believe in the E.W., but, if it goes wrong, it will be to make the double top. Since chart is still going down, there is no problem. On another note, sideways has been developing giving open doors for more bearish movement. It will depend if sideways makes a retest below the yellow box zone.❔❓ E.W. didn't work. Analyzing my mistake, there was no problem. It seems that it's a new data out of my knowledge. Having double bearish trend and no E.W. it's something to think about. Putting the mistake aside, market can go more bullish. If it makes a third top, it will need three to five waves to start bearish again. EURUSD hit volume atraction too, so they have good coordination. We will need to wait patiently.Bitcoin is now on a divergence with EURUSD. Since USDCAD is on coordination with bitcoin (taking it as reference) we can expect that USD has weaken and in a bullish scenario, it can be of high volatility. High volume candle was left behind so chart is already showing signs of bullish movement. Now is the best time to close trade and with profit or low losses. Still, there is a chance that it can go more bearish but it's really slim, I don't actually recommend it.

Finished bullish Elliot Wave. Sideways should take half of bullishtrend, top of recent bearishtrend, create weak bullish candles or pass resistance and crash down. Can form a triangle pattern. If not, it can do a cup pattern. tip: use a to e waves [from top] to know sideways structure end. You can start it from lowest peak and set two more for structure understanding. sideways should take around 25 candles but can reach lower if waves are small and shadows are big. Nothing changes if reaches more.It will probably do one more bullish wave before short. Stay allert and trade wise. Seven lower waves is a reverse pattern.

ABC correction finished. Short Elliot Wave reached 300% of fibonacci. Bullishtrend has been progressing. Waiting for the fifth peak of small E.W.