CRInvestor

BTCe - Bullish BoT's coming to life???

BTCE:BTCUSD   Bitcoin / Dollar
747 10 10
Hello all,

as I pour over the charts this morning, I see lots of potential going forward. It has only been a few days since exiting our last setup and the market is starting to offer new ones for consideration. I think I mentioned we had a nice double bottom to work off of recently and as one can see from the 4hour chart, that has hit its 50% objective. It represented a little too little reward vs. the risk so I decided to let it go - figures...lol....actually, I am more than ok to let it go as I am pleased to see myself stick to my trading plan.

To that end, I now see a nice trading plan setup developing here on BTCe. The BoT, as outlined here: https://docs.google.com/presentation/d/1DY-LGVBMLx2yngfl92bgxndN9srJQF03xeGxrHFX2ng/edit#slide=id.p , is a nice model to play potential bullish or bearish ab=cd harmonic patterns . Off this chart, I would be more than happy to take the setup on a bullish resolution through 629.05. Risk reward levels are noted on the chart.

On a closing note, here is something more interesting - the 1 hour chart too has a bullish BoT setup working. Its validation will also come on a bullish resolution through its current consolidation: But you will have to subscribe to my fee site (very small monthly sum payable in BTC ) for that analysis....here is the adr             if you are interested: http://www.therationalinvestor.co/?page_id=28

Cheers all,

Hope my simple analysis is of benefit

Brian
aka The Rational Investor

kwest
2 years ago
I like your new website. Much, much better than the old one.
+1 Reply
CRInvestor PRO kwest
2 years ago
aw, come on, everyone likes the 1980's.....lmfao
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lukas.o.chudy
2 years ago
Brian, are u in this trade? My entry was a little earlier and now, it doesnt look so bullish :-/ But i am waiting until my stop (608) or target (706).
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Kilgore lukas.o.chudy
2 years ago
a tree-shake before the next up maybe?
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lukas.o.chudy Kilgore
2 years ago
in fact i am considering adding some positions. but it would be agains my trading plan... temptation
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Kilgore lukas.o.chudy
2 years ago
I am in already, hopefully I will not get burned... stop also around $610 as CRI, just in case
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CRInvestor PRO lukas.o.chudy
2 years ago
hi there,
I will refrain from posting comments individually here. This is a general post, if you want to talk to me specifically about a trade then please feel free to come to my site and join the members group or join the school and get one-on-one help.
cheers
Reply
Kilgore CRInvestor
2 years ago
sorry CRI, did not know that: you can delete my message if you find it appropiately.
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CRInvestor PRO lukas.o.chudy
2 years ago
fwiw, $629.05 was never broken so the above mentioned pattern has yet to be validated
+1 Reply
07/17/14 - with a successful test of the above mentioned BoT long setup lows ($603.70) this pattern is still very much alive and active. Should price move through the activation level (629.60) I feel confident in the setup. As per today's YouTube video (https://www.youtube.com/watch?v=Duzvha-nqGQ ), for the purposes of my PAMM service, I will be taking the long. Open orders to buy at $629.60 with stops just below $603.69. Target is $705. Risk is $26 while potential reward is $75 or just about 3:1. Updates will be posted should fills occur.

Cheers,
Brian
+1 Reply
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