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UnknownUnicorn180388
May 18, 2018 7:16 AM

Bitcoin - The Predictability Long

Bitcoin / United States DollarCoinbase

Description

Trade Pair: BTC.USD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Long

BTC.USD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.

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Price is stalling just above the 1hr 38.20% Fibonacci retracement.
It's likely this is the minor consolidation prior to the next bearish impulse.

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Textbook daily rejection, keep an eye toward $8900

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Day Trading Opportunity.

Comments
deactivatedaccount123
It's kinda scary when your very first idol on TV has the exact same thoughts as you.
Dang, our thoughts mirror each others. Great TA and I love your new multi-view charting style.
Be careful or I might steal it.
I'm coming for you, Tom. ;)

Much <3 from teh Salesman.
UnknownUnicorn180388
@MC_Peewee, lol great work mate, really happy for you current success.

I may have to unfollow you if you take over lol
Have a great week :-)
JoppeJoppe
Targets 1 and 2 nailed. Booyah Sensei Elliot did it again! Couldn't agree more Tom.



UnknownUnicorn180388
@JoppeJoppe, Great chart, i hope all goes well your end :-)
JoppeJoppe
@tomhall, I hope there will be no end, lol. Where ever this market goes it will most definately go well atleast for our team. We are very disciplined group and strict rules to risk management and cutting losses. I know it's dangerous to publish targets because there's always people who follow them blindly without understading that no one get's it correct all the time or not even 50% of the times. For a trader it wont matter. But ill try to bring that up in my updates. Main point in these targets is to educate how this market works in pulses and why the price action is what it is.
Like2Move
@JoppeJoppe, agree.
Like2Move
@JoppeJoppe, yes, such a scenario is very likely.
cryptofriendlyfutureandbeyond
It seems like you might be right already...
UnknownUnicorn180388
@castro042000, It may take a couple of day's / week to play out but the signs are good.
siLve_R88
Yeah, I also don't get it. It can't be both a rejection and an upward impulse... wtf?!
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