IvanLabrie
Short

BTCCNY: Bitcoin downtrend en force

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
2103 18 26
a year ago
In this chart I describe the daily downtrend signal present in the BTCCNY             chart.
We aim for 1451.98 in the next 5 days to be precise.
As long as price remains below 2130.92 in the okcoin spot chart., it's highly probable to see this target get hit.
In case we see a retracement before, the level to take heed of is the high volume node at 1550 and the low volume
support on chart.
See the annotations for more information.
We have taken a short entry with my group, around the 2148 mark, and also at 2094.4, using the quarterly futures at okcoin. Trade has made us 100%, so , we have booked half of it already, and are holding a risk free position.

Contact me for information on joining my live trading room. It's aimed at Bitcoin traders who seek to get safe entry and exit points to maximize profits and minimize risk. Contact: skype @ ivanlabrie, PM here or QQ (364658927 / 2954487803). http://pastebin.com/SUWMzJBw

Cheers,
Ivan Labrie.
a year ago
Comment:
snapshot


A daily close above yesterday's high will be bullish for BTC which might march up in a correction.
My short was a nice profit, then trailed to break even but the daily time at mode downtrend signal has failed for now.

I'll update in a couple hours.
a year ago
Comment: Rejection at 2150 key level.
Monitoring for short.
a year ago
Comment: Building a triangle it seems.
I'll update when the downtrend cofirms again.
a year ago
Comment:
snapshot

Triangle apex narowing ta lot today. Tomorrowmight giver a signal.
Will cover the entry live. Announcing webinar date and time here.
a year ago
Comment:
snapshot
a year ago
Comment:
snapshot


Targets.
a year ago
Trade active
a year ago
Trade closed manually: Waiting for the breakout again.
a year ago
Trade active: Short now!
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).
cryptopicasso
a year ago
yes triangle forming
watching the 4 hr cloud for breakthrough or rejection
personally I am thinking that we will run up in an elliot wave start to wave set 3 after holding the usual BTC 76% retracement at 316
Reply
IvanLabrie PRO cryptopicasso
a year ago
I don't know about that.
Can't tell yet.
For now, down, up, big down. :)
Reply
Galvin
a year ago
Still believing in that btc loves to do retraces and we'll see 380 to 400. But this price action has been super tricky though.
Reply
omnike
a year ago
How is this a downtrend?
We started at $240 1.5 month ago coming from almost 2 years of downtrend. Pushed easy over $300 (which was major resistance 2 or 3 times only this year) with "anomaly" and parabolic move to $520. Then we successfully tested $300 again and bounced.
+1 Reply
omnike omnike
a year ago
In my country there is an old sayin' (roughly translated): you are not seeing the woods because of the tree :)
+1 Reply
IvanLabrie PRO omnike
a year ago
Depends on the timeframe you're examining and how you define a trend.
For me it's down for now. Until proven otherwise.
Go back and see all my bitcoin forecasts, I believe I can see the forest, the tree, and even the little squirrels living inside it.
Reply
omnike IvanLabrie
a year ago
Yes I agree, it all depends on time frame and trending style - if you look at short term for daily or weekly setup then I could call this a downtrend. So far I was not so successful with leverage trading (OKCoin) but on longer time-frame moves I'm spot on. So my opinion dead cat bounce to $375-400 followed by testing lows $260-280.
Reply
yen21 IvanLabrie
a year ago
ahaha do you believe you can fly also?
Reply
omnike yen21
a year ago
Sure, I fly all the time... my favorite is Lufthansa.
Reply
yen21 omnike
a year ago
and do you believe tou can touch the sky also?
Reply
omnike yen21
a year ago
Spice Girl song right? How old are you, 10?
Reply
yen21 omnike
a year ago
sorry sir, i don't want to talk about spice girl's songs here. too much respect for Ivan :)
Reply
omnike yen21
a year ago
Good, chill out.
Reply
IvanLabrie PRO omnike
a year ago
hahaha, keep it cool guys.
No need to get heated up.
Reply
Galvin
a year ago
For something that's bearish its sure taking its time to do its bear thing.
Reply
cryptopicasso
a year ago
https://s3.amazonaws.com/tradingview/p/pPhvHRHd_171_121.png
Reply
cryptopicasso
a year ago
7 day triangle coming to an apex

Reply
IvanLabrie PRO cryptopicasso
a year ago
Yes, it will break today or tomorrow.
It's simple, I favor downside since the target is bigger.
I will trade whichever break comes, which with the time at mode methodology, can be ascertained if it's a false break or not.
Once confirmed for me, it's a very high probability trade.
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