Bitcoin Attack of Titans!! Inverted H&S + Cup & Handle Boom/Bust
Hi Trading View family!
Hope you all have had an eventful two months post correction. I have still been actively trading and releasing private TA's but for my telegram group. Right now there are two formations we can trade. We know BTC just broke out of the downtrend and there are still levels of risks that exist in the market. However, these are the best times to make the most amount of money.
We have two options and at the time or writing, BTC price action is at $11,000. On a longer-term timescale you can enter the market here and i expect BTC to hit $50,000 by the end of the year. IMHO the CryptoMarket will probably pop end of 2018 due to regulations/outlying conditions and we might not see as volatile of price actions as we have seen in the months prior. (There is a long explanation here that I can state later down the road).
ESTIMATED TIME SCALE: 2 WEEKS
Option 1 Buy at market $11,000 and have half of your positions ready to sell at $11,700. This lowers the level of risk in the event of a double top in which price can fall back down to $9,000 range. Then I would set a stop loss at $11,600 after the market price crosses $11,700. This allows you to remain in profit but play the potential break out. This is an effective strategy to help reduce risk and play both sides of the coin.
Option 2: Wait for market recovery and consolidation in the event of a double top or post profit taking of the breakout. $9,500 range is a safe "bottom" of the new uptrend channel and you can sell from these positions. If BTC's price moves higher than $12,000 we can expect the new bottom to be around $10,000.
The important thing here is emotional control and not being trigger happy on your trades. This is over a period of the next two weeks and the easiest ways to generate great %'s. I recommend a buy on TRX yesterday to my group and it has been a 30% ROI for a one day trade.
While I have not been posting publically on TV, I have been active with my private groups and have weekly conference calls teaching TA's and market overviews. Here is a BTC chart i have drafted since the Jan 21st and it has followed the market perfectly. You don't need 50-100% gainers. You need to learn to trade 5-10% trades and you can easily do this 2-3x a week off of the big 3. At the end of the month you would have easily generated 60% ROI on your portfolio. Consistency will always win the game.
ALSO CHECK OUT MY LTC CHART HERE. I POSTED IT FEB 6TH AND IT PLAYED OUT PERFECTLY FOR THE REST OF THE MONTH.
Even now doing position trading is highly lucrative and low stress. If anyone have any questions feel free to drop a comment or message me. I host weekly Conference calls teaching TA and anything else you would like to tlak about.
Happy Hunting and God Bless!
Reg
Hope you all have had an eventful two months post correction. I have still been actively trading and releasing private TA's but for my telegram group. Right now there are two formations we can trade. We know BTC just broke out of the downtrend and there are still levels of risks that exist in the market. However, these are the best times to make the most amount of money.
We have two options and at the time or writing, BTC price action is at $11,000. On a longer-term timescale you can enter the market here and i expect BTC to hit $50,000 by the end of the year. IMHO the CryptoMarket will probably pop end of 2018 due to regulations/outlying conditions and we might not see as volatile of price actions as we have seen in the months prior. (There is a long explanation here that I can state later down the road).
ESTIMATED TIME SCALE: 2 WEEKS
Option 1 Buy at market $11,000 and have half of your positions ready to sell at $11,700. This lowers the level of risk in the event of a double top in which price can fall back down to $9,000 range. Then I would set a stop loss at $11,600 after the market price crosses $11,700. This allows you to remain in profit but play the potential break out. This is an effective strategy to help reduce risk and play both sides of the coin.
Option 2: Wait for market recovery and consolidation in the event of a double top or post profit taking of the breakout. $9,500 range is a safe "bottom" of the new uptrend channel and you can sell from these positions. If BTC's price moves higher than $12,000 we can expect the new bottom to be around $10,000.
The important thing here is emotional control and not being trigger happy on your trades. This is over a period of the next two weeks and the easiest ways to generate great %'s. I recommend a buy on TRX yesterday to my group and it has been a 30% ROI for a one day trade.
While I have not been posting publically on TV, I have been active with my private groups and have weekly conference calls teaching TA's and market overviews. Here is a BTC chart i have drafted since the Jan 21st and it has followed the market perfectly. You don't need 50-100% gainers. You need to learn to trade 5-10% trades and you can easily do this 2-3x a week off of the big 3. At the end of the month you would have easily generated 60% ROI on your portfolio. Consistency will always win the game.
ALSO CHECK OUT MY LTC CHART HERE. I POSTED IT FEB 6TH AND IT PLAYED OUT PERFECTLY FOR THE REST OF THE MONTH.
Even now doing position trading is highly lucrative and low stress. If anyone have any questions feel free to drop a comment or message me. I host weekly Conference calls teaching TA and anything else you would like to tlak about.
Happy Hunting and God Bless!
Reg
Comment:
I should probably start posting at a better time in the day :P and not at midnight. I might repost this TA, so if you see a duplicate I apologize!
Comment:
BTC is moving according to plan get ready! We need to break a double top pattern if we want to see 12-15k range. Market will move hard and fast today and tomorrow. If double top forms set buys at 9.5k
Comment:
Here is the trading call i made this morning to my group:
Old targets stands. Not sure what all your buy ins are but here is my personal strategies for short term traders.
LOW RISK LOW REWARD: SELL 11.7-11.6K 50% of portfolio As soon as price cross 11.7k set a stop loss in profit region at 11.5k. the remaining 50% is to play the breakout but in case it fails ur still making $$$.
Medium Reward. Space out sells between 12k(80%) -14k (10%) Note: the %'s = the chance price will hit in the event of a break out.
Long term: Set sells between 20k-50k. 20k in next 2 months. 50k closer to Q3 or Q4
IN THE EVENT OF A DOUBLE TOP ON #BTC SET YOUR BUYS AT 10.5K - 9.5K
Old targets stands. Not sure what all your buy ins are but here is my personal strategies for short term traders.
LOW RISK LOW REWARD: SELL 11.7-11.6K 50% of portfolio As soon as price cross 11.7k set a stop loss in profit region at 11.5k. the remaining 50% is to play the breakout but in case it fails ur still making $$$.
Medium Reward. Space out sells between 12k(80%) -14k (10%) Note: the %'s = the chance price will hit in the event of a break out.
Long term: Set sells between 20k-50k. 20k in next 2 months. 50k closer to Q3 or Q4
IN THE EVENT OF A DOUBLE TOP ON #BTC SET YOUR BUYS AT 10.5K - 9.5K
Comment:
BTC IS HITTING CRITICAL MASS! We will see in the next couple hours if it can break $11,700. This is the turning point if we will continue to proceed north and if whales will push it higher or if we are heading back down.
Would love to see you all vote Breakout or Break down of your price expectations for BTC
Would love to see you all vote Breakout or Break down of your price expectations for BTC
Comment:
BTC looks to be breaking down its upward momentum, but it doesn't look like the bulls are looking to give up. What we might see here is an ongoing pattern of every minor rise there is a slight pullback and then a continuation forward.
Have your Plan B & Plan C Set up.
Have your Plan B & Plan C Set up.
Comment:
Sharing a Private TA shared with my Group :) BTC is taking Option Two!
Incorporate this into your TA's with LTC and ETH. BTC will drag them down as well.
Incorporate this into your TA's with LTC and ETH. BTC will drag them down as well.
Comment:
$9.4k target hit as predicted. all other long worded Trade analysts on the market will never give u buy or selll recommendations :P nor do it accurately
You can trade north to your personal Target points or flip now at $9,800 for quick profits.
Keep an eye out for another TA on what to do.
You can trade north to your personal Target points or flip now at $9,800 for quick profits.
Keep an eye out for another TA on what to do.
Comment:
Hi TV Family :) Please check out my newest BTC chart.
Comment:
This played out perfectly and on the lines :) MPC and D4 where u at
