CRInvestor

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

BTCE:BTCUSD   Bitcoin / Dollar
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

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
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).
Reply
Kilgore lukas.o.chudy
a tree-shake before the next up maybe?
Reply
in fact i am considering adding some positions. but it would be agains my trading plan... temptation
Reply
Kilgore lukas.o.chudy
I am in already, hopefully I will not get burned... stop also around $610 as CRI, just in case
Reply
CRInvestor PRO lukas.o.chudy
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
sorry CRI, did not know that: you can delete my message if you find it appropiately.
Reply
CRInvestor PRO lukas.o.chudy
fwiw, $629.05 was never broken so the above mentioned pattern has yet to be validated
+1 Reply
I like your new website. Much, much better than the old one.
+1 Reply
aw, come on, everyone likes the 1980's.....lmfao
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out