Alright guys my last short guess was played out smoothly and I'm fucking excited right now! I'm laddering my buys to get a scalp opportunity. I think we might bounce from here if my calculations are right. If not, we might see one more wave down but I'm pretty confident that we will bounce before 520. Let tha games begin
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Good morning guys! I just woke up moved up my SL in this trade. Obviously we couldn't see any volume in past few hours. We bounced a little back to .38fib but still this looks like a deadcat bounce. I'm bearish until we get past Target 2 whichis .618 fib actually. I counted 3 subwaves up until now and if wave 4 ends lower than 545 I'm gonna close this position. As a reference to EW Rules; *Wave 2 cannot be longer in price than wave 1, and it must not go beyond the origin of wave 1. Wave 3 is never the shortest when compared to waves 1 and 5. Wave 4 cannot overlap wave 1, except in diagonal triangles and sometimes in wave 1 or A waves, but never in a third wave. In most cases there should not be an overlap between wave 1 and A. As a guideline the third wave shows the greatest momentum, except when the fifth is the extended wave. Wave 5 must exceed the end of wave 3.
Trade closed manually
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Target 2 reached but not in the way I anticipated so I call it a failiure
When the fuck is it gonna break up??? I've been waiting for hours and nothing
KSPINVEST
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@BitcoinNewb, Yeah I hear you mate it s been hours and we could barely touch the T1. We are struggling to get pass the 21Ma at 30m chart. I ll give it some more time but if btc stays like this and we don t see any volume increas I will close my position to be safe. I’m really bearish until we get pass the T2 mate set your SL tight
BitcoinNewb
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@KSPINVEST, yeah this market just isn't what it used to be thats for sure. On a different note man, these trades are be coming so small that it's almost hard to believe. I can't decide if this is new money from people who don't have a clue what they are doing or if it's manipulation. On binance youll see BTC buy and sells for like .004 BTC?? What clown is selling 25 bucks worth of Bitcoin?? Either this is manipulated or its someone who shouldnt be trading anything in the first place. Do you think it is binance manipulating the market? I see no obvious reason for a 25 dollar btc sell order period, other than to maintain prices for whatever the reason. I know one thing this shit has gotten real hard to trade because the ranges have become so tight.
KSPINVEST
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@BitcoinNewb, you literally wrote down everything I ve been thinking about last couple of weeks man, I remember just a year ago in November every fucking trade was giving 10-20percent profit at least. I could find tens of trades everyday in and out quickly baam %25. I remember worst days gave %10 now I’m calling it a day if I’m in %10. This is definitely not a new cashflow bro I think we lost most of the investors back in summer. I see lots of people turning to FX or Stocks(I m kinda started to turn too) it is reasonable, they offer much more leverage, less manipulation and extremeley more accurate TA man I can understand it. I think most of the daytraders left because of the manipulations on low timescales, only newbies and hodlers left in the community and if we won’t get some attention soon we will most likely to see 4k-5k then we might see some movement in the market. I think in November we might see some bullish retracement to 7k but that is it. We have to see btc in every news channel and we have to be asked by our parents how to buy btc to see 20k again :D