IvanLabrie
Long

BTCUSD: Daily, weekly, biweekly, bimonthly T@M breakdown

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
As in my $ETHUSD chart, this $BTCUSD analysis focuses on Time@Mode signals. We see multitude of signals aligning here, and it's no small deal.
Once we move up from this zone -if we do- , we will have multiple high probability signals indicating we hold long exposure, and even add to it, as $Bitcoin prices soar. Once we reach the 6475 mark things get interesting, specially if we hold above it.
Let's see how things shape up.

Best of luck,

Ivan Labrie.
Feb 18
Comment: Weekly uptrend now confirmed in #BTCUSD, targets on chart (cyan boxes), as long as holding above 3630 we're good to go during 7 weeks
Feb 24
Trade active:
Feb 24
Comment: Notice price dropped on the day the daily Time@Mode trend signal time expired...today.
Mar 04
Trade closed manually: I think we may drop once more, one last time, sentiment got too positive here, reminds of the time we botomed at 6k, and then traded sideways extensively. I'm gonna sit it out in cash. Watching weekly developments. No rush to buy back and hodl, for now.
Mar 19
Comment: Price hit the daily target but might fail to reach weekly targets on time, this makes me think we will retest the cyan box level, or even tread below it briefly, to make a final capitulation bottom, could be lower or a higher low.
We need to wait two weeks until the first week of April to look into buying back into our crypto positions, by then, we will have a very low risk buying opportunity I'm currently in cash in crypto accounts.
Mar 21
Comment: Looks like a short term top here...or intermediate term.

Last: 4012.37
Mar 21
Comment:
Apr 02
Trade active: Actually sent an update to my clients to exit the hedge and buy back when ETh and BTc broke the high of two days ago (roughly $8 loss per ETH).
Apr 11
Comment:
Weekly #BTCUSD is trending, target #1 hit ahead of time, but may march towards target #2 soon, also aligns with the target from the biweekly downtrend expiration (6427.16)
Apr 12
Comment: The next 2W bar in #BTCUSD will trigger a long term trend reversal confirmation signal, further strengthtening the bullish thesis As expected, this time seems to have been different since the bottom occurred sooner, and there was no 'double bottom' pattern
May 11
Trade closed: target reached: Nailed this, see up to date publication.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Crypto, Equities and Commodities. Contact me here or @ http://www.fb.me/LabrieTrading
Hi, Well done Ivan, you are the Ji. Do you have a link to that up to date publication?? We have won the first battle but the war rages, My question is whether to add more longs to this over the next couple of weeks...?
+1 Reply
@JRFreeze, you could hold with no leverage and add margin longs when it retraces or go to cash now and wait to buy back lower or after a consolidation. The weekly trend expired, daily expires by the 16th, and there's some SEC news by then too which imply danger.
Reply
JRFreeze IvanLabrie
@IvanLabrie, thanks chief, I do not use leverage with crypto, think I might just hang on and add some more when we have a retrace. I see we could easily fall back to $6500 but there is no hurry
Reply
@JRFreeze, I would recommend that, or going to cash and buying back later on.
Reply
JRFreeze IvanLabrie
@IvanLabrie, any thoughts on the latest movements? Looks pretty hot but where might it stop?? Don’t wanna get peaked out again!
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Cheers for your contribution.
+1 Reply
success.
+1 Reply
IMO situation would be totally different from 2015..
nowadays many people seems to think long sideways just like 2015 and even think under $ 3k... but I don't think like that.. :)
+1 Reply
IvanLabrie tlzkrh1029
@tlzkrh1029, exactly, this time IS different.
+2 Reply
nailed it. Ivan the fucking G.O.A.T.
+2 Reply
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