IvanLabrie
Long

BTCCNY: 3 day timeframe sentiment analysis

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
In this chart I show you how RgMov tells me how far corrections in an uptrend can go. In the case of Bitcoin , declines of 20% in RgMov, set up a great buy after sentiment peaks before the market runs out of sellers, and thus, turns into fertile ground for a reversal to the upside.
Since 2015's low in RgMov, the trend has been largely up, making any sizeable decline, an interesting buy. My posts have been mostly buy trades due to this fact, since I knew we would see prices climb back to all time highs over time.

If you have been following my trades lately, you should be in good profit, and like me, holding a core long term position, of coins we own, and some cash to be able to add up to 80% account when needed. We often rebalance the position, switching back and forth between max and minimum exposure, but always keeping some, at least since the Bitfinex hack lows happened, when it was clear the long term charts were 100% bullish .

Good luck and hope these observations help you.
Cheers,

Ivan Labrie.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
AhmedAlif8
11 days ago
Thanks for the new chart brother, I learnt know how "far" or "deep" can the dip go, but for "how many times" we are going to see corrections ?

And did you witness the recent dip, we left the CNY 5200 territory.
Reply
IvanLabrie TOP AhmedAlif8
11 days ago
@AhmedAlif8, since it slowed down, we might go sideways for some time, before going up some more.
The weekly uptrend forecast tells you what to expect.
7000+- to be hit in a couple weeks.

You can buy drops under 5100, stop loss is 4805 for the weekly, but I don't use one, I size my trades based on my estimation of the ideal position size, based on volatility.
Holding 15-30% spot longs, and adding up to 80% on dips and selling it back on rallies is a good idea and what I reccomend.
Reply
AhmedAlif8 IvanLabrie
10 days ago
@IvanLabrie, Thanks for the reply Ivan :)

It seems you are sure that CNY 7K will be hit soon ;)

Some people talk about well coordinated price push down, what do you think ?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out