ok so that decline from 290s(3mar2015) was a clear 5-wave impulse. So now even if the rise from 5mar2015(260s) to 285 was corrective, we should have another wave up. The trendline(green) hasn't been broken yet, so here's hoping ;-) Per my longer term view tradingview.com/v/Kj5jz3rv/, I am expecting a breakout/controlled rise as opposed to a resumption of the downtrend, so I think we're at key levels at the moment: therefore if the rise from 5mar2015(260s) to 285 was corrective, I'm fucked :D Anyhoo, I've been long since 285, part weeklies and part quarterlies. Following ibankbitcoins.com/ who closed his long and then went long again.
Comments
kumarz
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closing my weekly longs but sitting in BTC ... I think the current correction has one more C leg down to go(just going by lack of news and momentum in general from china hours), I will leave the journey to 300-320 to traders with more balls :)
Leaving qtrly longs open though, and will probly FOMO long on the next week futs if we do break 300s hehe.
kumarz
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qtrlies also closed
kumarz
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i think this C leg has been invalidated coz of a move past the 300 high. Redoing my read but am holding a small long @ 300qtrlies.
kumarz
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broken a few trendlines, just need to decisively rise past 280s for this breakout to stilll be valid:
kumarz
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broke up and then down ... holdin on to dear life :p
kumarz
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I'd like for this to not fall below .382 of the recent upmove but mkt usually goes against me heheh
Leaving qtrly longs open though, and will probly FOMO long on the next week futs if we do break 300s hehe.