Tag: Bitcoin

Trader Update 1st November 2022

Bitcoin BTCUSD A potentially positive pattern forming with clear moves up from the c wave. We are currently looking for confirmation of an a/b or c, which would then suggest a decent thrust up. Using Fibonacci, 19936 is the first level to watch. Ethereum ETUSD A very similar situation on this chart. Looking positive with… Continue reading Trader Update 1st November 2022

Trader Update 25th October 2022

Bitcoin BTCUSD Dithering and nothing happening. Odds of it being successful are reduced. A much sharper move taking out the high would improve the likelihood of success, true 3rd wave stuff. Ethereum ETUSD Looking more promising than the Bitcoin Chart, but only slightly. Looking like a possible 4th wave. Gold Pretty much unchanged. Could be… Continue reading Trader Update 25th October 2022

Trading Update 3rd June 2021

Bitcoin BTCUSD Looks like we have a triangle on Bitcoin, and we could have a breakout on the upper trend line which is encouraging to an extent. However, there is more resistance ahead. There is a peak around 42990, but there is a possible impulsive pattern forming. I explain the the wave count at 1.12… Continue reading Trading Update 3rd June 2021

Trading Update 2nd June 2021

Bitcoin analysis ABCD waves in place, target for E-wave trading around 39 -39200. There is a possible wave five shown at 0.38, however it appears a bit flakey around (where marked) at points 1 & 2. Still looking for confirmation and looking pretty negative. Ethereum (ETHUSD)We have wave 5 in place, so on this one… Continue reading Trading Update 2nd June 2021