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Bitcoin EW forecastHere's my guess: We are most likely in the 3rd impulsive wave of a larger degree. this has a few reasons: 1. This last motive wave has been much steeper than the previous one, indicating this could be a wave 3 of the larger degree cycle. 2. The volume on this 3rd wave doubled compared to the preceding wave 1. ! This could also mean that we are in a wave C, but that is not yet relevant because we are trading the 5th of wave of the inner degree (both scenario's expect a 5th wave of the lesser degree). Within this larger degree wave, we are most likely in the wave 4. this is because: 1. The preceding wave had the most volume of this run. 1. We are forming a triangle, which is typical for W4. This means that I expect a final 5th wave push when this triangle beaks. Once we confirm a break of this triangle-setup (everyone has their own rules regarding confirmation), we can go long with a target of around 10k~, and a small probability of an extension to 11.7k. Caution : This 5th wave will be an exhausted wave which will rapidly accelerate in the opposite direction since it marks the end of the large cycle wave 3 and introduces the start of the larger cycle wave 4 correction. Invalidation: Breaking the 7462 support (triangle breaks down): could signal a complex correction with the 5th wave following after that, or it could also signal that W4 of larger degree already started.
COINBASE:BTCUSDLong
by RegideTrader
Base Money - First Time EVER!The Base money of the U.S. has cross below the 200x2Wk SMA for the first time ever. It is a 200 SMA of the 2 Week print or data reading. This is just how the FED reports, every two weeks. However, it has crossed below the 200 SMA. This to me is signaling a DEFLATIONARY Event is on the horizon. When money is taken out of the system at this rate it will be DEFLATIONARY. Followed by a Hyper-Inflationary environment to correct. The next couple weeks will be important to watch to see if the FED corrects this right away or lets us slip into the hole of no return for a while. What do you guys think? Remember....this has never happened since we started keeping track of our BASE MONEY.
FRED:BOGMBASE
by jasonroy40
My $1k to $100k Challenge - Day 29 Trade #42 - LOOMHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by day trading altcoins. I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile. There is no nice way to put it, I am doing very bad. I am jumping in the trades too early or too late and am on a bad losing streak. Back to my basics, Base plays, with a twist. I will DCA buy if -5% is hit before my sell target, then make my new sell target my original buy in price which will give me 2 1/2% profit. What is DCA? Dollar Cost Averaging. Say I buy 100 shares @ $2 = $200. Then the price dips to $1, I invest another $200 and buy 200 shares = $200. Now I own 300 shares and have dropped my cost per share to $1.33 each. 100 shares @ $2 = $200 200 shares @ $1 = $200 300 shares total cost $400 = $1.33 average cost each My base play strategy explained here: Click image below to go the the Base play strategy post. After 26 days and 39 completed trades: Wins: 16 Loss: 23 Balance: 0.1517 B USD: $ 989 *Some trades may be pending and not yet included in my stats There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow. CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge. If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart. Alright, here we go with Day 29 trade #42 I invested 0.0337 B into LOOM. I bought 2269 @ 1485 satoshi My Sell target is: 1575 for 6.06% profit If the price drops to 1410, I will invest another 0.0337 B and buy another 2390 LOOM @ 1410 satoshi. My new target will be my original buy in price of 1485 satoshi for a potential profit of 2 1/2%. My Trade Stop loss: 1336 (-7 1/2%) In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all. I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey. Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
LLong
by redking75
9
TRIG - Base Play Strategy 86% Success RateNew Base play opportunity on TRIG. What is my Base Play strategy? I wrote about my Base Play strategy here on TV, if you click the image below it will bring you to it. Base play trade instructions TRIG on Binance Entry: Buy up to 0.00006600 Sell Target: 0.00006950 Suggested stop loss: 0.00006270 Potential Profit: 5.3% Bases Respected: 13 out of 15 times in the past Success Rate: 86.67% Base Play Strategy Overall stats 102 days Trades Won: 770 Trades Loss: 265 Winning rate: 74.4% Total accumulative profit: 1975% Profit!!! Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
TLong
by redking75