tshah

Oct 26, 2017 3:02 PM

BTCUSD Short perspective. Short

Bitcoin / DollarBitfinex

Description

⋅ Oct 26, 2017 3:02 PM

Hey All-

Chart is i believe self explanatory. i think we were in wave B and it is about to End. Wave C will be longest Bear wave.

Targets are mentioned on chart.

This might be risky for few traders but i am willing to take this risk . I am short from 5950 and i will only close this short at new ATH.

I know alot of people have again jumped in thinking it will reach back again to 7k. well it could but it has to 1st reach last new ATH.

if you follow history- we are in a yellow zone. see what has happened in past.

Let's see how this goes.

Just to again make it clear=THIS IS RISKY AND DON'T BLAME ME IF THIS DOESN'T WORK OUT .

Comment

⋅ Oct 26, 2017 6:30 PM

Descending tri at bitmex

Comment

⋅ Oct 26, 2017 7:04 PM

5783-1st support

Comment

⋅ Oct 27, 2017 1:09 PM

Didn't we nail to short the top? Hell Yeah:) Good Morning

Comment

⋅ Oct 27, 2017 1:12 PM

look for that yellow zone bounce

Trade active

⋅ Oct 28, 2017 2:37 PM

still active on this short- We actually got the perfect price now- 5950 looks safe now.

You can put your stop loss to 5930 now and you won't lose anything now.

Take some proft at 5.5 k. wait for a small retracement back up and then again short that .

Main short target is 4.95k and if that breaks. 4.2k

Hope you guys got this trade

Comment

⋅ Oct 29, 2017 9:01 PM

I got stopped out at 5930, did not lose a penny.# Risk management.

I not risking money and going long or short as no clear evidence /indication of either way.

will update this if something looks promising.

Comment

⋅ Oct 30, 2017 1:16 PM

price looks like consolidating. No bearish signs but looks tempting to short at this high level
Just trade according to the breakout of either lines.

The only thing to pay attention here is that the new ATH wasn't too big which is a small sign that bulls are weakening.

Comment

⋅ Oct 31, 2017 2:12 PM

cryptoninjas.net/2017/10/31/pending-review-cme-group-officially-launch-bitcoin-futures/

+ 14 days from fork. in past we have seen new ATH before 2 weeks of fork. This might be it but this futures news are very bullish. Tho it could get denied but huge pile of $$$$$$$$$$$$ is going to come now into crypto and BTC

Trend Analysis Chart Patterns

Comments

Quintaog

⋅ Oct 31, 2017 3:19 PM

omg!!When is this correction??????

Theworldisflat

⋅ Oct 30, 2017 12:22 PM

Big bog LOL haha

tshah

⋅ Oct 30, 2017 12:51 PM

@Bombacimulayim, yeah dude BIG LOL but still not like yours.

Theworldisflat

⋅ Oct 30, 2017 5:35 PM

@tshah, lol dude you were short and i was long. Look at and see price moved up. Look at my graph it exactly follows my arrows :) you said LOL very early.

tshah

⋅ Oct 30, 2017 5:36 PM

@Bombacimulayim, god bless you man!! noobs

tshah

⋅ Oct 30, 2017 1:05 PM

@Bombacimulayim, dude can you please buy on 100x margin so i can short more? please can you buy more and more btc?

tmitchman

⋅ Oct 26, 2017 4:40 PM

I think many are waiting til their credit for BTG before doing anything, making this a risky prediction, I don't think any amount of TA can predict the next move. could be a new ATH coming as well as the HS pattern hasn't perfected yet. I'm sure there will be a correction at some point soon, but probably after Nov.

tshah

⋅ Oct 26, 2017 4:42 PM

@tmitchman, Yeah man agree but you got to play with the market- you could be absolutely right and this might not work out but RISK/REWARD is attracting thus.

tmitchman

⋅ Oct 26, 2017 4:47 PM

@tshah, absolutely just keep the stops short if starts to run. its happened to me 30-40% of the time with BTC almost making no difference if I would have just stayed long the entire time. hard to time the top and stay patient when you love to trade.

tshah

⋅ Oct 26, 2017 4:49 PM

@tmitchman, Yeah man it's all emotional . yes i wish i had kept ETH from 7$. which i sold at 50 and was too late after that. This market moves very fast. you could make or lose fortune.just trying to capitalize.