BITCOIN: Check out this Crystal Ball and see the Future for June
WELCOME TO EL FUTURO DE BITCOIN FOR END OF MAY AND JUNE
Finally! A count that MAKES SENSE. After seeing all kinds of crazy 5 wave counts, I've found one that fits the best symmetrically speaking. It fits well with fibonacci retracement and it makes sense due to market conditions.
We went from 6500 to 9850 in a few short weeks. We needed a breather from 9800 to 7800. So we can REALLY bounce back to 11800. Did you really think we were going to go from 6500 to 11800 in one shot after finding resistance before? C'mon traders!
According to this count, we are finishing wave 2 (correction from 1), and once we hit 7800 we will start wave 3 (moon time baby)
You may be asking yourself on 5/15/2018... WTF! Why is the market not rallying with Consensus?? Guys: Buy the rumor, sell the news.
If this final bounce fails below 7450, I wish the best to you all as I might finally go short. It is likely we can go down to 4.8k full-on bear market. And even worst... prove that guy with the funny New York accent right :( What's his name Tone Bear? Bear Vays? Something like that.
What do you think? Does this makes sense to you? I am following this roadmap so I can ladder my orders to buy from 8000 to 7700. Concentrating my 'fire power' around 7800. Stop loss at 7450. What is your strategy? How are you playing this upcoming bounce? Comment below.
*** THIS IS NOT FINANCIAL ADVICE, MERELY VOICING MY OPINIONS FOR EDUCATIONAL PURPOSES. DO YOUR OWN RESEARCH ***
Finally! A count that MAKES SENSE. After seeing all kinds of crazy 5 wave counts, I've found one that fits the best symmetrically speaking. It fits well with fibonacci retracement and it makes sense due to market conditions.
We went from 6500 to 9850 in a few short weeks. We needed a breather from 9800 to 7800. So we can REALLY bounce back to 11800. Did you really think we were going to go from 6500 to 11800 in one shot after finding resistance before? C'mon traders!
According to this count, we are finishing wave 2 (correction from 1), and once we hit 7800 we will start wave 3 (moon time baby)
You may be asking yourself on 5/15/2018... WTF! Why is the market not rallying with Consensus?? Guys: Buy the rumor, sell the news.
If this final bounce fails below 7450, I wish the best to you all as I might finally go short. It is likely we can go down to 4.8k full-on bear market. And even worst... prove that guy with the funny New York accent right :( What's his name Tone Bear? Bear Vays? Something like that.
What do you think? Does this makes sense to you? I am following this roadmap so I can ladder my orders to buy from 8000 to 7700. Concentrating my 'fire power' around 7800. Stop loss at 7450. What is your strategy? How are you playing this upcoming bounce? Comment below.
*** THIS IS NOT FINANCIAL ADVICE, MERELY VOICING MY OPINIONS FOR EDUCATIONAL PURPOSES. DO YOUR OWN RESEARCH ***
Trade closed: stop reached:
Stop reached and bought again across all coins at 7060 and went hard on Bitcoin Cash at 870. Posted another idea with this.
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This has been a hard decision, whether to continue to wait or buy in. We got within 129 dollars of the 7800 target. Although we didn't bounce hard around 7920 I've been buying in.
Below I will explain my rationale why I'm buying even though we are not yet at the 7800 target:
I bought a big portion at 7960. With that I mean across the board Ripple, Cardano, Stellar, Bitcoin Cash, VEN, among others. There's a good chance that we'll still come down to 7800-7700 or slightly lower. But there's also a chance that we will take off from here. If we take off from here, I don't want to be chasing it around with FOMO like I've done in the past.
Just like we never got to double bottom of 6000 and everyone missed out on that huge run up from 6500 to 7800 a few weeks ago. Too many times I am trying to catch the absolute bottom with technical analysis and sometimes I come slightly above. From now on, I rather catch the 'meat in between' and be happy with that.
WITH THAT SAID - I am still leaving some money in cash to buy the dip if it comes. If it does not, I will buy on strength. I'm still putting a stop around 7500. Keep in mind, it doesn't matter so much about the price for the stop, it matters more how we get there. If we continue to dip fast below 7700 I will keep that stop there, but if we get to 7600 and stay there for a week and build support, I might lower my stop loss some. Either way, it's a GOOD risk to reward even if we break down from 7963 to 7500. When we can go from 7900 to 9800 -> 11800 -> 13400.
We'll see what happens over night. I'm expecting some consolidation time before the big run up at this point so I"m gonna go back to watch Star Wars, work out and try to quit starring at the price now.
If you have a similar play and agree with this chart: May the force be with us :)