BTC Today/Tomorrow To $5k? Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Aug 29, 2017 3:04 PM

Guessing here. Don't trade large amounts on this projection. Looks like we're in a sub-wave 2 of a superset wave 3.

If this does pan out I would remember Rule Of Acquisition #44: "Never confuse wisdom with luck."

Comment

⋅ Aug 29, 2017 7:51 PM

30 minute RSI has nearly reset. I think we'll see the next leg up here soon!

Order cancelled

⋅ Aug 30, 2017 3:07 PM

It's safe to say my time table was wayyy off from this one. Lesson learned!

Elliott Wave

Comments

CryptoAddict77

⋅ Aug 29, 2017 3:09 PM

Good guess! Totally agree on the luck part. Stops have saved me countless of times, but many people do not believe in stops when trading.

TheRealSoothaa

⋅ Aug 29, 2017 3:12 PM

@hubavka, thank you! Personally I do not use stops in this extremely volatile market as I have seen wicks destroy so many peoples profit. Also we are in a full bull run and I'm willing to take a little risk, but I balance it out by waiting and waiting for good entries.

CryptoAddict77

⋅ Aug 29, 2017 3:13 PM

@DavidSoothaaMalson, Good entries are very important. Since I trade leveraged futures I can not afford not to use stops as a big dump can wipe my account out.

TheRealSoothaa

⋅ Aug 29, 2017 3:14 PM

@hubavka, ahh I see. I'm 100% crypto - hate trading the stock market/regulated things. :)

CryptoAddict77

⋅ Aug 29, 2017 3:16 PM

@DavidSoothaaMalson, I am talking about crypto. I also gave up on the stock market. I trade BTC futures and FX with crypto - BitMEX.com and 1broker.com

TheRealSoothaa

⋅ Aug 29, 2017 3:18 PM

@hubavka, gotcha! I got horribly burned on Bitmex before I learned how to not impulsively and emotionally trade. Once I get my discipline down a little more I may venture back there. I copy others on my 1broker account - don't feel like actually trading there (yet..)