TradingView
FrankDeadley
Sep 1, 2018 10:22 AM

Bitcoin: September, 1. From Russia with love Long

Bitcoin / DollarBitfinex

Description

Hello, colleagues!

It's my marking of Bitcoin's chart.

I think, Bitcoin will up now to $7200-7500. Next it will down $7200-6900 on wave 4 (invalidation - $6900, wave 1). Next Bitcoin will go up to $7500-8000. It will wave 1 of C.

On "Submicro" we see the rule of alternation - wave 2 is flat (0,5-0,382 Fibo) and wave 4 is deep correction (0,5-0,618 Fibo). On "Minuskul" we see: wave 1 is slightly less than wave 3. It means, wave 5 can be extended.


My targets:
$7300
$7650
$7800

If wave 5 will be truncated, to price won't arrive at $7160, but correction still won't reach $6900.

It means, Stop-Loss is 6900!

Thank you for reading, colleagues! It's my practic of English and I hope you understand my text)
I will be glad to your questions! For talk with me you can join in our new chat.

Comment


It's Leading Diagonal, or Ending Diagonal. Stop-Loss on 6800, target 7500.

Comment

entry 6970-6820

Comment

goal 7300 achieved

Comment

good job Frank, good job :)

Trade closed: target reached

Comments
achtung360
Hi, this has been my trading plan for today.
FrankDeadley
@achtung360, yeah man, it will wave 2, but I don’t understand goal of this wave. It can be a zigzag or a flat correction
royeo
Great TA!
Check mines out :)
FrankDeadley
@royeo, good job man. You saw nice candle for a long position
fract
FrankDeadley
@investa, thank you for your analiysis
fract
gumbler
as planed, maybe little more deep V shape
More