JoppeJoppe
Long

Heading down to way under 5k but not just yet VOL 2

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
So here's a bigger picture to present one possible scene how this might play put in 2018. One of many theories. I wanted to publish this to point out that even going as high as 14k wont make us 100% out of the bear market. Because this doesnt invalidate any rules of Elliot wave WXY, WXYZX counting. Well this was not the point. Getting to the point and to keep it short.

We confirmed the breakout from the falling wedge . This means that on swing trade perspective, we are going to go up. Can we now say goodbye to 5k? Hell no! :). It will come but not just yet. First we have to make some money and once again enter to a very profitable short position from 8k( ish ).

Then to my position and targets on XBT , BTC

Im currently long from 6250 and i am fueling more to my long position if and when we dip to 6100-6200 levels (6175 to be exact). We should eventually go to 8k but there should be atleast 1 very good flipping point and it should be in 7420 (bitmex). Once again ill keep you posted :D


TARGET:

7420
Comment:
There is 3 targets described in the snapshot. Now there is multiple ways to play this swing. Ill add few:

1. You aim straight to 7420-7425 (or even to 8k). Less risky
2. You close your long at 6850 and short to 0.5 fib at 6310 and flip to long there.
3. You close your short at 6310 and let it bounce up to 6400 levels and enter short again with stoploss at as high as the short entry as 6850 and ride to 6170 to get the next bounce and so forth
4. You do the nr 2 but try to spot the wave A and estimate the wave C and aim your short according to that ( my play is this)

And also target update for more swing flips:
Target update ( in that order) :

Target 1: 6850
Target 2: 6000-6300
Target 3: 7425
Target 4: ?
Target 5: 8000
Comment: To make it simple. Less riskier way is to aim to target 3 or even 5. Aint doing that. Ill tty to catch them all
Comment: Target 1 hit at 6820. Im short again. Oh yeah! Ill update targets in next 8 hours
Comment: Target update ( in that order) :

Target 1: 6850 (hit 6820, closed and flipped to short at 6815). Should still go to 6870 . Irrelevant to me now.
Target 2: 6150
Target 3: 7425
Target 4: 7050
Target 5: 7950
Comment: Target update ( in that order) :

Target 1: 6850 (6820 hit!) Flipped to short
Target 2: 6290 ( i close position at 6350 levels)
Target 3: 7425
Target 4: ? (Probably 6900-7000)
Target 5: 8000
Comment: As posted earlier. We are totally killing it again! Oh yeah. I closed my position and as posted before in our discord i also started to fill my longs. Last filling point at 6190( probably will go lower but thats sufficient rr for me entering there and aiming for the 7400 levels

Target update ( in that order) :

Target 1: 6850 (6820 hit!) Flipped to short
Target 2: 6290 ( i closed position at 6350 levels and started filling long at 6324,last filling station at 6190, so hit!!)
Target 3: 7425
Target 4: ? (Probably 6900-7000)
Target 5: 8000
Comment: Target update ( in that order) :

Target 1: 6850 HIT! (Flipped to short at 6815)

Target 2: 6290 HIT! ( i closed position at 6350 levels and started filling long at 6324,last filling station at 6190)

Target 3: 7425
Target 4: ? (Probably 6900-7000)
Target 5: 8000
Comment: Sorry, forgot to update targets from discord here. Im currently short since there where nice optimal entries where one already hit. These hits are not fake as people who follow us in our discord group knows very well.

Target update ( in that order) :

Target 1: 6850 HIT!
Target 2: 6290 HIT!
(BONUS TARGET 1 (high risk): 6380) HIT!
(BONUS TARGET 2 (high risk): 5950)
Target 3: 7425 (MAIN TARGET!!
Comment: Here's a small snapshot to open the idea behind those bonustargets:

Comment: Target update ( in that order) :


Target 1: 6850 HIT! Profit/Loss 8,84%

Target 2: 6290 HIT! Profit/Loss 7,52%

(BONUS TARGET 1 (high risk): 6380) HIT! Profit/Loss 1,99%

(BONUS TARGET 2 (high risk): 5950) NO HIT! .
Got stopped at 6580 Profit/Loss - 2,94%

(BONUS TARGET 3 (high risk): 6735 ( going short here, not in position now OR going long from 6407 to aim that BONUS target 3)

Target 3: 7425 (MAIN TARGET!!)
Comment: So back in game. Short entry hit! :)

Target update ( in that order) :

Target 1: 6850 HIT! Profit/Loss 8,84%
Target 2: 6290 HIT! Profit/Loss 7,52%
(BONUS TARGET 1 (high risk): 6380) HIT! Profit/Loss 1,99%
(BONUS TARGET 2 (high risk): 5950) NO HIT! . Got stopped at 6580 Profit/Loss - 2,94%
(BONUS TARGET 3 (high risk): 6735 HIT! No profit/loss. Entry to short
(BONUSTARGET 4 ( high risk): 6407 ( closing short at 6465 but flipping at target)
Target 3: 7425 (MAIN TARGET!!)
Comment: Boooooyayyy!! MAIN TARGET HIT!!!!!!!

So this scenario is officially over now. Ill make a new scenario in few hours where i see us going next. This is the whole summary of this scene:

Target update ( in that order) :

Target 1: 6850 HIT! Profit/Loss 8,84%
Target 2: 6290 HIT! Profit/Loss 7,52%
(BONUS TARGET 1 (high risk): 6380) HIT! Profit/Loss 1,99%
(BONUS TARGET 2 (high risk): 5950) NO HIT! . Got stopped at 6580 Profit/Loss - 2,94%
(BONUS TARGET 3 (high risk): 6735 HIT! No profit/loss. Entry to short
(BONUSTARGET 4 ( high risk): 6407 NO HIT! Got stopped Profit/loss -2,98%
Target 3: 7425 (MAIN TARGET!!) HIT!!!!!!!! grinning . No profit for me. Not in position

Profit/Loss for whole scenario: 12,43%
Duration of scenario: 16 days

Comments

Thanks man!
Reply
awesome buddy !!!
Reply
Impressive! I have been following this the whole time. Looking forward to whats next!
Reply
Excellent job!
Reply
you beast very underrated. ive been following a while and man thats awesome
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