E557

E557 Updated 

Dear listerners, First of all, I want to say that I have accepted some criticisms and now I am trying to implement them. It's like trading - sometimes you have to accept your 'mistakes'. Also, I changed my layout a bit. I could not see the bright blue anymore. I never worked with it. Mostly I only copy the ideas of my private chart here. Anyway .. in the...

E557 Updated 

There we are. Fomo started earlier as expected, but doesn't change the idea. As I said we are repeating the running flat also in lower timeframe, after that Bitcoin needs to go down. This is the time when we are looking for buy setups. My personal target is at $6000 area, but I think we won't test the bottom. It is very likely that we will bounce $400-500...

E557 Updated 

Finally, I'm almost sure what Bitcoin will do next. In the few days, my view has changed very quickly, which is common in trading. So I do not think we'll drop much before we see an upmove as suggested in the last idea. So I expect, as you can easily see on the chart, a small drop before we start a good run. The drop is expected to go as high as $8,000 before we...

E557 Updated 

There is no possibility that Bitcoin will make new highs until we see another free fall. This is what the structure is saying and the structure is always right! Why does everyone immediately change their mind when Bitcoin rises by a few percent? Why is everyone so greedy? Please compare the upmove with the whole downmove. It's nothing! It is simply part of a...

E557 Updated 

On my last update, I said that I could imagine a bull run much earlier. Now I have changed my mind. Many authors on TV have presented the ideas with a falling wedge. For a short time I had the same idea, but I noticed that it will not work with a very high probability. The target of $6500-6200 remains, which I already had as a longer target. From that point on,...

E557 Updated 

Patience is key and this is why I said wait for clear sings of an uptrend. Just look at the volume, there was nothing. Buyers were too weak for me to begin a new rally. And stop getting bullish because of a small uptrend. After a huge drop there will always wait a bigger correction for us, this is the normal circulation of a market. Now here we are. The...

E557 Updated 

As I have already interpreted in the last idea, it does not look good for Bitcoin. Now there is a breakout from a bearish flag and I'm just waiting for a confirmation. Since I'm almost certain that Bitcoin has no chance to go up again (no volume, no divergence, bearish breakout), my short term target would be $7500-7000. Cheap coins are waiting for us. Good luck.

E557 Updated 

This is what I am looking for short term. An other view doesn't make sense for me right now. But I will only enter in a clear up-trend, because of the low volume and risky situation. Also I am watching for divergence in the daily chart. If there isn't one, then it would mean we will go down very far. But let's see. I wait for clear signs and it will be exciting...

E557 Updated 

There won't be an inverse head and shoulders... I can't see this ideas anymore. We are in a clear downtrend. This will go down at least to the 2nd support. Therefore, it will either be a bigger ABC correction or we'll drop very hard one last time. Okay... a drop to $8000 area is also a strong drop. Nevertheless, I still see a high chance that we will test or...

E557 Updated 

This is my view of things. Anyone who disagrees is welcome to share his idea in the comments. Remember this idea and follow it at least 1-2 months before you speak it badly. > We are currently at the 4th wave > The 4th wave is still in a correction > As soon as the correction ends, the 5th wave follows > My target for the 5th wave is around $ 4000 > Estimated...

E557 Updated 

ZCash - (ZECUSD) > ZCash is one of the coins which I will buy > We actually formed an ABC pattern and are looking for one more upmove > This will retest the top before it goes down again > I can imagine that this will go down to support at maybe $380, but I won't risk this for such a low amount > If you want to trade very safe, then you can look for a buy at a...

E557 Updated 

I currently see many who believe that it is only a small correction before it goes on with the bull run. If it's up to them, we should only form an inverse head and shoulders. With this idea, I just want to warn everyone. It may be that they are right, but of course they may as well be wrong. If we form an inverse head and shoulders and there is a breakout, then...

E557 Updated 

Just buy at a breakout of 12500$ otherwise I wouldnt do anything. Bitcoin is currently very overbought at every chart. As you can see we just formed a flag and are currently waiting for the e-wave. 4000$ are very possible. This can also happen very fast like after reaching the ATH. At this time we had 5 days until reaching $11000 from $20000.

E557 Updated 

So fast you can lose in a bear market. If we form a head and shoulder then look for a breakout. Targets/Supports are below. The coming days will be fun. Support 1: $ 9700 Support 2: $ 9100

E557 Updated 

We have a bearish breakout. Tomorrow many people will wake up with big losses. From ~5% loss ($10300) Up to ~15% loss ($9100) Altcoins will have a harder drop.

E557 Updated 

The question now is: Is this a descending triangle or not? In my opinion it is a descending triangle and we just did not notice that... I have been bearish for a long time and just wait for the drop but he did not come. Despite the many comparisons, I have been looking for reasons why we should have a bull run. After the $10,000 breakout I really wondered if I...

E557 Updated 

Only to remember: At the beginning of the bear market, many thought we would bounce at $18000, $15000, $10000. Later, many people think that we will never go below $7500 again. When we were at $6000, many expected $4000-5000, but instead we've gone up. After a $9000 breakout, many now say we would see $12000. What is next? Listed signs: -EMA cross -RSI...

E557 Updated 

I will not give it up. In my opinion there is still the chance that the whole thing ends up as a bull trap. I just can not imagine people being rewarded with something so obvious. If support at $9500-9750 holds, we willy probably go further, if we break it, it can be a bull trap. By the way: If we break support at 9500, wave 5 won't occur. This can end as a...