My original idea startet at beginning of April and has been very profitable till now:
Long position was made 1.April because:
- 0.886 fib circle indicated a turning point.
- The inner Gann Arc was about to be reached (happend some days later).
Short position was made 5.May because:
- 0.5 fib circle indicated a turning point.
- The outer Gann Arc did a perfect hit.
What will happen next? I think it will go all the way down to 235$. When? 2.July (Yes, I know it sounds crazy). Here are the reasons:
- The 3. Gann arc indicates the next turning point.
- The 1.0 fib circle says the same.
- The 1.27 fib level from 3-4 leg is also in the same level.
- The statements above give us when it will turn around.
- The current descending path is following the Gann line.
- This is the last wave (5.) according to Elliot Wave Theory.
- The volume has been falling(more or less) since the boble blew up.
Along with the original idea this will give a gain equal to 200%.
Currently it is inside a rising wedge which is a good sign for another drop ahead.
What do you think?
Note! This is not a trading advise, make your own strategies and keep on to it.
Long position was made 1.April because:
- 0.886 fib circle indicated a turning point.
- The inner Gann Arc was about to be reached (happend some days later).
Short position was made 5.May because:
- 0.5 fib circle indicated a turning point.
- The outer Gann Arc did a perfect hit.
What will happen next? I think it will go all the way down to 235$. When? 2.July (Yes, I know it sounds crazy). Here are the reasons:
- The 3. Gann arc indicates the next turning point.
- The 1.0 fib circle says the same.
- The 1.27 fib level from 3-4 leg is also in the same level.
- The statements above give us when it will turn around.
- The current descending path is following the Gann line.
- This is the last wave (5.) according to Elliot Wave Theory.
- The volume has been falling(more or less) since the boble blew up.
Along with the original idea this will give a gain equal to 200%.
Currently it is inside a rising wedge which is a good sign for another drop ahead.
What do you think?
Note! This is not a trading advise, make your own strategies and keep on to it.
Comment:
I think the next drop is comming up right now!
Comment:
Zoomed out a bit:
Comment:
First target on the drop is 0.786 fib = 470$. Then bounce a bit, maybe 0.236fib retracement = 488$? And then falling all the way down to the next fib circle (0.886 = 365$).
Comment:
Seems like it went a bit lower compared to my last comment.
My guess right now: It will stop at 412 $ and do the same rising wedge again (This is the 0.886 fibonacci level from 3-4 leg)
My guess right now: It will stop at 412 $ and do the same rising wedge again (This is the 0.886 fibonacci level from 3-4 leg)
Comment:
This is the scenario right now:
Comment:
Currently in the small correction drawn with pink on my earlier posts. Seems like there is a small rising wedge/sym. triangle right now which could indicate the next drop. Maximum 486.5$ (local 0.382 fib level) before it breaks.
Comment:
Comment:
We are back on the track again. I've adjusted the 0.886 level a bit (412-414$).
But I personally think 0.886 fib is just a small one since it did such a big break at 0.786 fib. We shall wait and see:)
But I personally think 0.886 fib is just a small one since it did such a big break at 0.786 fib. We shall wait and see:)
Comment:
It bounced a bit earlier than I thought:P
Currently I think it is inside a sym. Triangle where 4. leg is the next move.
Currently I think it is inside a sym. Triangle where 4. leg is the next move.
Order cancelled:
Comment:
Total gain of my earlier idea (From 1.april to this morning):
130% + 45% = 175%
Good job!
130% + 45% = 175%
Good job!
