AndrewDavis5
Short

My main count still not invalidated... I posted over a month ago

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
My main BTC count still not invalidated yet...
Anyone remember that I posted this over a month ago?





The unfortunate thing is... for the past few days, the only realistic wave count I kept seeing was this (2nd, white chart).

I was seeing a potential wave 1 & 2 completed, with wave 3 just started:
(BitMex version of chart)


However... I didn't stick to my idea, with many reputable accounts all saying: "DON'T Short the Yearly Support/Bottom".
(Admittedly, not bad advice at all)

One thing I learned (personally for me), is that I tend to always do better when I ignore all other TA, & stick to my own.


Regardless... NOT ONCE have I suggested Buy & Hold, or that an Uptrend is coming. (Which seemed to be the recent consensus idea in the crypto space recently.)

All of my longer swing calls were SHORTS.
Every Buy/Long I called was only Quick Scalps.

I'm not sure what Bullishness everyone else was seeing... :/


Note:
1) I'm re-posting this to the BTCUSD section, where all my other previous posts are, I only recently started charting on BitMex (XBT) because of the Tether price disparity.

2) Please ignore any targets off-screen from the base chart.
They are not properly calculated at this point, and are just for illustration.
Nice one, agree on the downwards trajectory. How do you set your target though?
Reply
@pc_wave, thank you.
As I honestly haven't analyzed the markets in dept recently, I'm not trading per those down-side targets right now.

As mentioned in the post:
2) Please ignore any targets off-screen from the base chart.
They are not properly calculated at this point, and are just for illustration.


I'll have to do a detailed analysis with the new data we have, to consider downside targets.


If you mean how I set targets in general, it's based on Supports and Resistances, Fibb levels and wave count estimation.
Reply
Soon to get invalidate,cheers and gl
Reply
AndrewDavis5 WealthHustler
@WealthHustler, not sure about that...
Good luck.
Reply
WealthHustler AndrewDavis5
Reply
kikadstt WealthHustler
@WealthHustler, what say you?
Reply
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