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: docs.google.com/pres...QF03xeGxrHFX2ng/edit , 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: www.therationalinvestor.co/?page_id=28...
Cheers all,
Hope my simple analysis is of benefit
Brian
aka The Rational Investor
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: docs.google.com/pres...QF03xeGxrHFX2ng/edit , 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: www.therationalinvestor.co/?page_id=28...
Cheers all,
Hope my simple analysis is of benefit
Brian
aka The Rational Investor