AndrewDavis5
Short

BTC price still moving right on target with my old chart...

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
If you've followed me for some time, you'll know that I'm one of the very few TA who NEVER recommended to Buy + Hold BTC / Altcoins all these past months.

In fact, I only maintained ONE BTC market wave count for months, which is where we drop below 6k.
I had NO "2nd scenario Bull count", no backup chart, in case things went the other way.



(For a better comparison of my Old vs New chart, I'll try to link a screenshot below)

Original Chart:


Updated Chart:



Is anyone interested in me writing an article on my thoughts, on when and how to Buy and Hold Bitcoin & Altcoins?

If this gets a lot of Likes / Shares, I'll make time from my busy week to put together a Blog, and write my detailed opinions on this topic.
Comment: Free Membership Website: https://adtrading.org/

A better Before/After comparison Screenshot:
https://pbs.twimg.com/media/DsZdL4tU4AAe...

Post:
https://twitter.com/AndrewEDavis/status/...

I mostly post & update on Twitter now, so you can follow me there if you'd like updates.

https://twitter.com/AndrewEDavis/
Comment: I wasn't interested in trading BTC or USD pairs for the past days, which is why I only posted ALT/BTC charts.
I didn't do any very recent analysis on BTC for day's target.

However... the endless dropping interested me to finally have a look now at what BTC is actually doing.

I'm looking at Long ~4450 @ BitMex


I polled my group, and we're more or less are all #safu... thankfully.
Hopefully I'm not the one to go mess things up now! XD

I have now laddered longs on BTC. :)
https://adtrading.org/

Comment: Twitter post and Screenshot (139% ROE):
https://twitter.com/AndrewEDavis/status/...

Awesome profit on XRP short, based on my chart earlier:
https://twitter.com/AndrewEDavis/status/...

True it did overthrow my trend-line, but that's why I ladder orders behind the line, spread high for safety, as the #Ripple pump was a bit abnormal.

Maybe staged Pump & Dump by powerful group...

Comment: Wow... thought I posted this earlier.. same time I posted on Twitter, over an hour ago:
https://twitter.com/AndrewEDavis/status/...


Now seems a good time to prepare to go Long/Buy BTC & most ALT/USD pairs, at least for the short-term.

Shared some hrs ago @ group that I'm looking at a potential daily bottom of ~3760 but placing laddered buys at a very wide spread, because I see potential for reversal @ 4k.

Comment: Though I see technical possibility for BTC to take off upward from here (my main short-term bottom target is ~3760),
if BTC drops back below ~4250, it seems as though it may make some sort of Ending Diagonal 5th wave, before rebounding up.

Comment: As long as $BTC holds above ~4300, short-term, it can still make a significant jump upward, rather than dropping soon.

Otherwise, spending time under 4300 (more than wick) more likely brings price down the ~3760 range (shown in linked chart).
Comment: If BTC manages to jump from here (it does have a decent chance, especially if it keeps above ~4250 for the next 12hrs, but can jump earlier),
do look out for something like this (chart) possibly happening.

Otherwise, another high potential count is given in my last chart.
(I'm offine now)

Comment: I'm attempting making an Elliot wave count of BTC, which could assist in determining targets and turnaround points.

BTC's price is holding up for now, and could turn around (up), however, I'm also considering this count, where we still have further dropping before a strong rebound.

What made analyzing more difficult these past few days, was interpreting that wave-4 correction (just before this big drop), it's very odd, not a normal count nor good symmetry.

I'm thinking W4 could have either been the rare, deceptive, Running Flat (3-3-5), or, an odd ABCDE, with truncated A (if that is even valid).

The difficulty in identifying that structure inside the Triangle, kept most analysts uncertain.
Myself, I kept always very cautious these past few days.
No risky sized longs, kept prepared for 3k range drop at any moment (with Buys laddered in that zone).

I'm ok with missing out on the Shorting opportunity, as it did seem more risky trying to short near a possible bottom.
Seemed at least 50/50 gamble, when unsure of what is going on inside the Triangle structure.

If you begin doubting your safe decisions, you may end up anxiously taking risky decisions in the future, which can leads to major losses.

Comment: Twitter Post: https://twitter.com/AndrewEDavis/status/...

Screenshot: https://pbs.twimg.com/media/Ds0bz5nU4AIe...
(Easier to view in SS or link above ^)

I've only now thought about looking back to see what was my actual Projected Target for this 6k Breakdown Drop I warned of a while back (before BTC's Tether pump).

Drop right to 3k's... :/

Older chart publicly visible here:
https://twitter.com/AndrewEDavis/status/...
(No post of mine is ever deleted)
Comment: I'm currently in Short positions, both BTC & ETH, based on Targets given @ my group: https://adtrading.org/

Caught the top of this move, Stop-Loss in profit.
Observing to see what reaction we get around BTC 3850 @ BitMex.

I should be accepting a couple applications tonight.

Comment: Post: https://twitter.com/AndrewEDavis/status/...

Snapshot: https://pbs.twimg.com/media/DtCsnFwVYAA8...

Awesome profits on ETH Buys.
I didn't look at charts today, just stuck with my last call.

I caught the previous Bottom, previous Top... now again, today's Bottom.
(Missed getting in BTC by a little bit)

Seems many called for low sub 3k, but as I said, I didn't see this getting much lower for the day.

Comment: https://twitter.com/AndrewEDavis/status/...

16 new accepted to my Free Private Group: https://adtrading.org/
(May accept Max +4 by weekend for +20 new).

Didn't get time to analyze markets today, but did call this ETH/BTC trade with quick glance.
Took profits bit early, but day's worth profit without much time spent.

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out