pupulandia

10:1 R/R entry for BTC right now!

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi guys, my last count has almost been confirmed, I think we'll have the last leg down to 7115 in few minutes.
I see almost a 10:1 risk/reward entry right now? do you? Time will tell us

luv
®pupulandia
Trade active: If tou missed the boat this is the next good entry,IMO.
luv

Comment: maybe not..ahhaha
Trade closed manually: The C move is over, I knew it was going to be an impulsive wave but holy shit what a fast move! Another frontrun of 30-40 $ for the 0,618% target I had for the C, but you you can see in the main chart how perfectly we hit the upper line of the parallel channel. I entered short after the retest of the break of the mid line of the channel. And have a look how it reacted to the lower line of the channel after the dump.

luv
Comment: Another rejection from the upper line of the parallel channel, If we don't manage to go through right now the dump is assured!
luv
Comment: It seems that BTC tried again to break the trendline of the Pl.Ch and find support but it was rejected again, moreover it's finding resistance on the just flipped support. so are we going down next? Time will tell us
Im' entering short right now with a stop rigth above the last high

luv
Comment: So nothing interesting happened, but I've just seen a nice wick finding support on the trendline and it seems that that was an overshooted E wave of a triangle.. so we are going to test the 61,8% retracement at 7600-50, IMHO.. so I'm closing my short brekeven, and looking for a better entry at those levels..
Comment:
Comment: By the way, if I'm right after the touch of the golden retracement (61,8) we will go down towards 6700-6800.. IF
Comment: TRiangle updated
Comment: Sorry guys, there are about 21 different types of corrections so you can understand that is quite difficult predicte a future correction, for this reason I'm constantly updating.. In an impulsive wave things are different :)
That spike in volume for the supposed D wave throw down the idea of a triangle..
Here you have an alt. count but with same targets..
luv
Comment: Nice bounce..
Comment: Holy shit..Almost perfect!

Comments

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