Sick of the correction? read this..

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin completed a triangle correction

- Had strong shakeout & panic today
- Oversold conditions
- Market cycle completed
- Thin ichimoku cloud
- Inverse H+S on crypto total mcap
- Strong bullish trend in big picture

Here's the thing with Crypto you have to think big picture & not get stuck in "FEAR" or "Over trading " focus on the biggest time frame first then check volume & check market cycle comparison & finally check the Elliott waves & use some Fibonacci to get targets .

Things to avoid

- Over trading (checking the charts to often instead of making your trading plan & sticking to it)

- Over leveraging (using to much in any one trade)

- Making choices based on "Fear" or "Excitement"

- Not taking profits (this one is HUGE remember to scale your profits into tether when everything is overvalued & people are too excited)

if you do these things & avoid the list above you can be a very profitable crypto trader .

I have been charting bitcoin since 2015 here's some of my proudest predictions.

will be posting plenty of updates along the way :) stay profitable out there!
Comment: Support and resistance is zone! for the people saying "trend line broke!"
Comment: banks buy the .786
Comment: bear flag target met
Comment: needs to get above cloud on 30m

3 h oversold

& same with the 12 h
Trade active: Taking a small day trade down here on bitmex

entry price = $6746.5
stop loss price = $6619.6
target price = $7172.7
exchange = bitmex
leverage = 10x
entry date = 6-11-18
trading plan = HAI Daytrading

will keep everyone posted :)
Comment: Triangle spotted! if this breaks out it will be the cherry on top of my long position
Comment: breakout confirmed
Comment: Trading plan still active! retesting support of lower triangle line . stops are at $6619.6 & entry price = $6746.5

(big picture my chart above with the huge triangle is still active just playing a little day trade swing down here also)

stay profitable ! will keep updating
Trade closed: stop reached: stopped out on the day trade! took a -1.88% loss :) more trades coming though (getting stopped out is a normal aspect of trading)
Trade active: Triangle still in play on the big time frame
Comment: for all the fish net traders out there we are under the net again!
Comment: Last chance for the bulls to take charge! if we have a support failure in this wedge 4.5k - 3k are options,
Comment: :) getting that bull action
Comment: Falling wedge! still on for the correction being over :)
Comment: s/o to @cryptowolf on twitter for inspiring this IDEA :)
Comment: nasdaq vs btc
Comment: What most people are betting their money on (the 90% who loose)
Comment: What I'm betting my money on (10% who win)
Comment: update
Comment: Update
Comment: Also here is the nasdaq comparison update (click and press play)
Comment: Bitcoin looking like a nice wedge



BSV address (I only accept BSV for donation) : 1CuKjNYcfSVM5LvqVTtnqymFRss29TjNjP

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