BINANCE:BTSBTC   BitShares / Bitcoin
I'm a fan of bts             but looks like the last Elliot Wave was a DUD and it confirmed that we're in mostly in the CORRECTION of a bearish market and NOT IN A BULL MARKET.

There is another 5 wave downward correction in wave C
The chart looks like Elliot Wave zigzag correction pattern: 5-3-5 correction

Stop loss: a high upper of B ~ 4900 .
Comment: Took some profits at 3300 ( trading poliniex)
Comment: We may find some support in the 3300-3000 range as it is the level or the 4rth wave . Could be a good place, wait for a bounce and re-short it
Comment: RSI divergence on the 15 min chart. Opened a long. tight stop, just in case there is another leg down
Trade active: New short opened:

Comment: Trade going as planned.
Trade closed manually: it was a pretty solid trade. wished i followed the plan and not buy and re-sell along the way
wow,amazing chart George, if you liked it at 66 you'll love it at 16, looking at the prospectus, dude i'm thinking its a huge buy down here. I know its a BEAR chart but the target is the low 20s, like Cramer says, BU'Y, BUY , BUY !!!!
Reply
@TomPower, thanks! i was trading only BTS for about a week when i made it, and was checking elliot wave books for corrective waves patterns that matched. still, luck was a factor. Regarding the buy, i'm going to give it some more time and wait for a reversal candle signal.
I'd hate to have my founds stuck in a market that goes sideways.
+2 Reply
Closed longs, opend shorts, target 2500
Reply
why is your correction wave taking us back to the the beginning
Reply
@Trizle, The pink C must fall bellow the Pink A , and wave C must be bigger than A
Reply
@Trizle, it could be a little higher to not violate wave 2 rule
Reply
looks like the support held. Buying longs , first target 3550
Reply
Any updates
Reply
@KurtDiesel, going to plan, on poloniex it went down to 3300
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out