Dead readers,
I'm going to post trading ideas on this account about crypto, stocks and indexes again.
About the trade:
We making an Elliot Triangle Wave after also called a bull flag after a clear Elliot Impulsive Wave. This is a continuation pattern and we shouldn't see it differently.
As long as we're staying above the 500EMA on the hour chart I recommend people to trade long as provided in this trade.
If the price drops below our support line, we should stop out around 7.500 usd, because it invalidates the trade. If the 500EMA on the 1h chart holds, we should continue beeing bullish.
Target will be around 9.8k usd. This will give us a huge risk/reward rate of above 5.
Who am I?
I'm Jasper, a full time trader and real estate investor. At the moment I'm trading for more than 5 years full time now.
My track record in trading is one of the best here on Tradingview. I only trade the best setups possible. My profit rate is above 75%.
In the past in 2018 and 2017 I made really big calls, calling the top in the cryptomarket, stock markets and oil market for example.
I have a second account (Cryptopredictions, 500k+ views) on Tradingview where I'm not active on anymore because it's just crypto related and I post about all kinds of markets now.
My past trading ideas:
I'm going to post trading ideas on this account about crypto, stocks and indexes again.
About the trade:
We making an Elliot Triangle Wave after also called a bull flag after a clear Elliot Impulsive Wave. This is a continuation pattern and we shouldn't see it differently.
As long as we're staying above the 500EMA on the hour chart I recommend people to trade long as provided in this trade.
If the price drops below our support line, we should stop out around 7.500 usd, because it invalidates the trade. If the 500EMA on the 1h chart holds, we should continue beeing bullish.
Target will be around 9.8k usd. This will give us a huge risk/reward rate of above 5.
Who am I?
I'm Jasper, a full time trader and real estate investor. At the moment I'm trading for more than 5 years full time now.
My track record in trading is one of the best here on Tradingview. I only trade the best setups possible. My profit rate is above 75%.
In the past in 2018 and 2017 I made really big calls, calling the top in the cryptomarket, stock markets and oil market for example.
I have a second account (Cryptopredictions, 500k+ views) on Tradingview where I'm not active on anymore because it's just crypto related and I post about all kinds of markets now.
My past trading ideas:
- Calling the top in cryptomarket in november 2017 on my other account:
- Calling the top in stock markets:
- Calling the top in oil market:
- Hitting a homerun on Volkswagen
Comment:
Please show some support to publish more content by agreeing and commenting on my post. Thanks! <3
Trade active:
Bought 50% of my position around 8k usd.
I try to obtain more around 7.850 usd or at a breakout around 8.2k usd.
I try to obtain more around 7.850 usd or at a breakout around 8.2k usd.
Trade closed manually:
I sold my position at 8.1k usd for 1,5% profit. I'm waiting for the lower buy moment around 7.850 usd or a breakout above 8.2k usd.
Trade active:
Long around 8k usd. 100%
Comment:
A drop below 8k declined very quickly. There is still a lot of buy pressure. We touched the resistance line around 8.2k multiple times already. Looks like a breakout is very near.
Trade closed manually:
Closed manually. No loss, no profit. Trying to pick it up lower at ema500 or just above the support line. But we should be careful for another scenario. The Elliot triangle wave pattern can extend. That would mean we can re-test 7.5k. I post a chart in a few minutes.
Trade active:
Shorted 100% around 8.030 usd.
I'm currently short.Volume isn't there a fall back to around EMA500 on the 1h chart would be likely. Adjusting the trade on what you see is very important in trading. For a long trade we wanted a quick bounce on the support and a fast breakout after the bounce. What's happening now is that it slowly roles over till it breaks support.
There quite some key supports where it's not bouncing from atm. When they break we'll go lower.
So an extension of the elliot triangle wave is really likely as the scenario I provide in the picture below:
I'm currently short.Volume isn't there a fall back to around EMA500 on the 1h chart would be likely. Adjusting the trade on what you see is very important in trading. For a long trade we wanted a quick bounce on the support and a fast breakout after the bounce. What's happening now is that it slowly roles over till it breaks support.
There quite some key supports where it's not bouncing from atm. When they break we'll go lower.
So an extension of the elliot triangle wave is really likely as the scenario I provide in the picture below:
Comment:
Closed the short for another 100 usd profit. Longed again, because of a falling wedge pattern at 5m chart.
Comment:
There we go guys! Big breakout like expected :)
Comment:
Trade closed at 8.700 usd for 800 usd profit. I have a buy order around 8.4k we're keep trading long positions now.