Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users.
All my scenarios and portfolio managements are explained in a daily basis on my Youtube channel. You'll find a link to get there in my profile signature here : @PRO_Indicators The English videos are posted upon the "Market Forecast (ENG)" Playlist. Kindly, Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
Comment
⋅
Still no signal ! Waiting, for this to eventually enter... we now heavy amount of leveraged speculators shorting the support... beware... the market could very well try to reverse the retail traders on a short squeeze just like the last time ! Here's what the 15m chart looks like.. If the TP/EXIT signal comes confirmed by Momentum I'll just take it with a 300$ SL. Remember that breaking through a bearish signal is also a valid bullish signal ! So if the price went above 6900 with closes I'd also get in.
Comment
⋅
All about this scenario have been covered up in today's Youtube video... The link to the Youtube channel is posted in my profile signature : @PRO_Indicators
@Moses98, Flying Lambo's to the moon by 2020 ;) But seriously, nope. Tell me what is so damn unique about Bitcoin. I'd saya better question is ; 100,000 other crypto coins that do what Bitcoin does,but better by 2020. Faster, stronger, more intelligent and a robust financial system that wants and needs a BIG inbuilt support & adaptability. Bitcoin is none of those. Its fools gold, or just another ticker. Don't get sucked in by pie in the sky. Make some money move on . . .
Weavs844
⋅
@diofonte, exactly. If even if it does continue to grow, its not going to keep this pace forever. Not to mention your bottom trend line doesn't go to the bottom. Not sure how you came up with it. Looks very random
Gomez_Addams
⋅
@Weavs844, I'm not a BTC hater or anything. Long, short whatever. This massive run up to 20K will unlikely be re-visited, unless under extra ordinary circumstances. It was based on a MANIA cycle, and you can see its impulse cycles on the way up aligned with the moon (lol). In Elliot wave theory it says, it will re-trace back to where the mania cycle started. Its there it will find and test the equilibrium. When you get to that stage, I dare say the pundits will be looking at how to value it based on market fundamentals or in a more material sense. Utility of BTC over some kind of cryto gold if such a thing will exist. Just my opinion, take it or leave it ;)
Weavs844
⋅
@diofonte, Gotcha, just wasn't seeing how you came up with those. Appreciate you taking the time to explain it!
Gomez_Addams
⋅
@Weavs844, No worries mate. I only offered the opinion. I think @Moses98 was experimenting with a kind of Gann/ Elliot wave theory and was seeking thoughts on whether the BTC to the moon had any weight. If your willing to hodl till 2020, I dare say you would be sorely disappointed going on that chart ;)