ridethepig
Short

Lower highs cooked ... 5200 incoming

BITMEX:XBT   Bitcoin / US Dollar Index
Here tracking the next impulsive wave to the downside in BTC . From a wave perspective here we are trading wave 3 of a 5 wave sequence, inside a larger sequence (see attached: "The 2017 highs unlocked") ... if you notice in this retrace wave (wave 2) it has happened with a very empty book ... or in other words there is no real money supporting the move.

Once again we can trade confidence flows, here this is a live example of smart-money letting the unaware continue to "raise the bid" on dreams of early retirement before another hammer . A test of the monthly open at $5,200 is in order. 

Best of luck all those on the sell side.
Comment:
Comment: Tracking closely for signs of a top here
Comment: A nice reaction at the highs
Comment: Heads up ... 8k being offered

Comments

Love your charts and how you think. Great work. I do think we going up though.
+4 Reply
amutt amutt
@amutt, Just a observation the oscillators are showing bull coming on two. Personally I think there is going to be a big drop, but will go up first to take everyones money.

Reply
amutt amutt
@amutt, Im sure you know but the fibs I use are good areas to target. Eu opposite. Personally think should be one in the middle of the target but still trying to work this shit out.

Reply
Did you got liquidated on your short hahahahaha
+1 Reply
Rubbish
+1 Reply
this trade is broken
Reply
wrong.
Reply
BRO YOUR ARE NOT UPDATING GOLD SINCE LONG
Reply
Thank u very much bro
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out