monguilhot
Short

Follow the arrows!

BITMEX:XBT   Bitcoin / US Dollar Index
RSI is the best for me!
Comment:
Comment:
Trade closed: stop reached: My STOP BUY was HIT at $6.800 -5% of BTC but other ALTS had give me 15% in a few hours. Money management is everything!

Im still short on mid term, trend lines are the resistence to watch.
Comment: Adjusted trendlines:

$7.300-$7.400 possinble, still bearish on mid-term.
Comment: Learn everyday is my focus, and i'm happy with the errors. So, I will tell you something that I had learn trading with XBT. The moviments is "overated", the 100X margin makes "anormal" HH and LL. So, I dediced to never again use the XBT to make the guidelines, and now, Im using BITSTAMP and secondly Bitifinex for my barometer in the market.
Trade active:
Trade active:
Trade active:
Trade active: 5% OF BTC IN 1 hour. Thats awesome, but I dont believe in a sharp pullback!
Bulls are exausted!
Comment:
Trade active:
I'm still looking forward to reach (C) aka SALE (or Black-Friday). (;
Reply
Bro no disrespect,

but i am having An epileptic seizure by looking at the chart.
Reply
monguilhot Sharky8899.
@Sharky8899., Happy that im not epitelptic.
Reply
Sharky8899. monguilhot
@monguilhot,

Why you looking for short when sentiment is extremly bearish?
I was Reading Your post, makes no sense.

If 99% of the sheep is short, why would also try to short?
Reply
monguilhot Sharky8899.
@Sharky8899., What? Your question hasnt sense!
+3 Reply
Sharky8899. monguilhot
@monguilhot,

Look up sentiment and trading on Google.com
it will help.
Reply
monguilhot Sharky8899.
@Sharky8899., Sorry if you are epiletptical. But you need to come with a better "strategy" besides "search on google.com"... WTF!
+1 Reply
@monguilhot A nice, colorful and rich chart. (; Looks like we roughly share a similar level/range, your orange (E). I hope we'll not see the yellow (B). Your predicted point of reversal is earlier as mine but i wouldn't regret being wrong. We'll know when it's x-mas with Santa Claus dressed up as a bull. (:
Reply
monguilhot EduardZimmermann
@EduardZimmermann, THANKS! Updating everytime. So, the yellow a-b-c is the possible retrace, you know, some bears can dumb hard! But $5000 is where my trendlines have a nice pivot!
The RSI crossing for me is the confirmation, arrows above:

Reply
@monguilhot, I'll revisit from time to time to check the development. Using Elliot Waves is beyond my Kung Fu so there is a good reason to come back and learn something.

Thanks for sharing and have a nice weekend!
Reply
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