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Cryptogasmic

BCH 5TH WAVE ENTRY?BCH has made a perfect 4 waves so far, can it complete a 5th wave. At the moment a lot of trades are to completing their 5th waves, however, i quite like looking at these waves for several reasons. 1/ Once it breaks to the down of the elliot wave its easy to get out of the trade and cut your losses. 2/ Usually if you get correct entry for the 3rd wave and take your profits at the top of the 3rd wave, you can be a little more risky for a 5th wave as you have already made good profits This is where education in TA comes in and you change to a smaller time frame and use your TA to find signs of support/resistance and make an unemotional decision from there
BLong
by Cryptogasmic
1
Watching BTC WedgeBTC has been consolidating in the yellow line wedge.. Usually this pattern will break to the downside however, a break to the upside should see the breakout traders step in. Don't buy the consolidation. Watch on a 1 hour time frame or less and look for the break out. A break out should see a re test of $6600/$6800 so a chance for a scalp trade. However that line is still resistance RIGHT NOW... You need to watch. This is why signals services who say buy here and sell here will get you REKD... You need to learn the basics so you can watch for your self.. Learn TA!!
BITFINEX:BTCUSD
by Cryptogasmic
BTC Report Sep 11 2018This report is purely my opinion and is not intended as investment advice. I feel that BTC may bounce out of the downside of the Yellow consolidating wedge. Volume seems to be dropping on most time frames and there is some Divergence on the 12 hour and daily RSI. Meaning that the RSI is moving in a different direction to the graph trend. I am expecting to see a retest of the $6000 and possibly a wick to the 5800 USD Support area. I will be waiting a bit longer before jumping back into BTC and watching over the coming days. A fall through the $5800 will more than likely see a run down through to the $5400 Area. Keep an eye on the wedge. A break to the upside should see a run to the $6800 test. I will not be buying this consolidation but watching for the break.
BITFINEX:BTCUSDShort
by Cryptogasmic
LTC Signal going to planWe sent a signal to buy LTC a few days a go. Entered at $53.33. Our first take profit zone was $61 to $62 - I put a training stop after $61 and stopped at $63.33. This was the perfect take profit zone as we reached a high of just over $62 and began the wave 2 retrace. Looking to hold support at $55.33. We have moved away from that fib a little but ill be watching carefully on the small time frame for any support to renter around the $55 mark with a stop loss at original entry of $53. If we make the 3rd wave we will retest $70 and ill be looking to take a 2nd lot of profit at $63.33 and a final target of $73.33 Happy to tale a 15% profit on the wave 1 run. It is very important when doing a trade that you set your levels to take profit. The market moves in Ebb and Flow. Nothing goes to the moon in one go. Expect the retrace and take profit. Don't be the 90%
BITFINEX:LTCUSDLong
by Cryptogasmic
2
BITCOIN REPORT AUGUST 16THBitcoin has again bounced off of $5800 as we predicted. Again we same the same old emotional story. Everyone says BTC is dead when it falls and its back with any impulsive wave. Just remember the market moves in Ebb and flow and the amazing thing about crypto is the same thing that people loose sleep over... The volatility. No other market can go up 20% in a day and down 30% the next day. This is what makes trading crypto exciting and very profitable. It also is what gets people rekd.. People chase the emotion of the market on that day, FOMO buying as it runs and panic selling when at a small loss to endure they don't lose any more. Right now we are in accumulation areas. We will more than likely see much lower prices as capitulation sets in. We still have capitulation and depression to come yet, so be prepared for that. However, by accumulating the bigger coins at these ridiculous prices that are back at mid 2017 prices you also get a seat at the table to trade the impulsive waves when they come. For now BTC is still testing the $6000 phycological. As has been for a long time $6400 is a very strong support and resistance level and you need to watch this on a bigger time frame and not watch it every 30 m minutes. There are several levels that BTC needs to get through and hold on a weekly level before any discussion of bullishness can happen. BTC again resisting the $6400 mark on the daily candle. We may see a run to the $6800 level. I entered at $5800 and will happily take profit at $6800/$7200 if that happens. Can comfortably now have another stop loss at $5833 for break even and accumulate lower. For me, $5800 is like a last line of defense on the bigger time frame. Once the $5800 turns from support to resistance i feel we will see the 5k mark come quickly and thats when capitulation will hit and the the sub 5k. 88% retracement will see sub 4k
BITFINEX:BTCUSD
by Cryptogasmic
BTC Weekly Report August 9th 2018Last week we set our targets between $6700 and $6200. I did say it was more than likely to fail the $7000 test and thats exactly what has happened. $6200 was the perfect place to look at getting a bounce and i entered at $6333 and $6233. Our initial Elliot wave map from the $5800 entry has now broken down and become N/A. We made a great 3rd wave profit from $5800 to selling targets of $$7300 and $8300 and these exits also proved to be perfect. We tried to get the entry for the 5th wave at $7800 but after running to $8200 we stopped at breakeven. The over all sentiment of the market is still bearish, and that is not a gut feeling, it is what is right in front of us. We have been in a pattern of lower highs for months and were not even close to retesting the precious high, while everyone was getting excited about the run and the ETF News, i was patiently waiting to see if that support would come for a new higher low... IT DIDNT... And that is why i don't trade news. At the moment still in heavy resistance but opportunities to make a profit and cash out. I have remapped the bigger time frame waves and will see if we can hold that. Ill be looking to take profit at the $7000 USD Test, maybe e $7200. I do still feel we will fail the double bottom again and panic will set in as we go sub 6 and beyond. My strategy t the moment is to only Trade BTC. I am not trading ALTS but rather using the current prices as opportunities to accumulate. Who would have thought we would ever see NEO at sub $30, Dash sub $200, ETH Sub 350 and XRP Sub .40 Cents. Accumulate and if the waves happen take some profits. Have a great day xx
BITFINEX:BTCUSDLong
by Cryptogasmic
BTC Update August 2BTC is making its retrace now in the wave 4. This is how the patient win. Everyone was freaking out last week when we broke 8k that everyone had missed out. As i have been saying, we need to watch this in stages and be prepared for both ends. We set our buys ranging from $7800 to $7300. Were hitting the $7300 catch zone now. We entered at $7833 and got some % gains over 8k but were stopped out at break even. Will try to renter here again around the $7300 mark for a bounce. Remembering a full retrace will see a retest of the $6800 Support line. At the moment BTC is losing support and is in the bottom of the 3 Hour green cloud, were hoping momentum doesn't roll over to the 6 hour also falling through the green cloud. We need to start holding some support here at these levels. I would expect a little bounce out but i still feel the bears are in control and we are a while off that bull run. The big lesson.. Dont FOMO and don't chase. Be patient. Set your goals and map your strategy
BITFINEX:BTCUSDLong
by Cryptogasmic
BTC Report July 29th 2018Not much movement in BTC at the moment as it consolidates for a few days. We sent the signal to purchase around the $7800 and we entered at $7833. Stop loss is set at break even right now in case of a solid sell of with this consolidation. Buying during a consolidation is always risky. The RSI is looking over bought and i would expect it to either hold around the current price or maybe bounce around the 8k mark as it tests this $7800/$8000. I will still play oout the wave and looking for a take profit in the 9 to 10k zone if we get there. If we fall then ill stop out and look to renter lower. Not much selling or buying pressure right now.. Be prepared something will move in the next week or 2
BITFINEX:BTCUSDLong
by Cryptogasmic
BTC Report July 27thYesterday we mapped out the possibly buy zones for a BTC bounce and a wave 5. For now BTC bounced perfectly in our first buy zone. My buys went through at 7833 USD. A few things to look for here in both and bull situations. My 5th wave take profit zone is $9000 with an extended test of $10,000. We have already made a 45% gain in this trade after entering at $5800 at the beginning of the cycle. Very important to get a daily close above the green trend line to continue. Its testing that right now. However, keeping things in perspective, we are still yet to reach higher lows. we are still in a lower highs and lower lows pattern and we failed that test a few days ago. Another fail could see the continuation downward in the long term cycle. REMEMBER just a few months ago it went to 10k and fell to $5800. So be careful. Use your stop losses at break even and move them up as they trade goes up. Nothing goes to the moon. Map your trades, set your buy and sell zones. Take profit when its there. Nothing goes to the moon in one step and it also doesn't hit rock bottom in one step. This is a very exciting time in BTC, however do not get carried away, its still deciding whether we are bull or bear. Play the trades that are presented in front of you now.
BITFINEX:BTCUSDLong
by Cryptogasmic
BTC UpdateBTC is following the Elliot wave map that we mapped last week. TA is about mapping things out and getting an idea of where we may go.. In either direction, locating support and resistance points, marking buy and sell zones etc. The thing i love about Elliot waves is that it is always valid... Until it isn't... I always teach that no matter the market, if there is an impulsive wave you must mark the catch point on the retracement. If it falls through then the analysis is off.. It is that simple. So for now lets look at the reality. The Narrative for BTC is positive, however, remember that most people trade on emotions, if you follow those emotions and FOMO you will get burned! The fact is we are still in a trend of lower highs and that doesn't change unless we break and hold $6800 on a 3 daily chart. Only then do we make a new higher high! I do feel that things will turn soon. Im still not buying BTC at this stage above 6k. My plan is to buy BTC sub 6k and ladder buys down. We bought at $5800 on the last run down. So as most people are looking to buy the FOMO.. I will look to sell according to my targets in the elliot wave. If we hit target i sell and wait again, if it runs higher than the target so be it.. Thats where a trailing stop comes in. If we fall, we buy more.. No emotions. If we do run from here and we have found the bottom, then ill wait and buy the retrace and find those points. Never chase the rising green candles and never panic sell the falling red candles.
BITFINEX:BTCUSDLong
by Cryptogasmic
BTC UPDDATEBTC really is coming into a stage where it needs to make a decision. A lot of people are talking up bill runs simply because of one or 2 days of some nice manipulated gains. I do think we are coming to the end but we are not there yet. I still think we have a panic run and some depression to come and should be looking good from September on. Im now watching BTC on a bigger time frame as I'm not trading it right now. Now its about getting the early seat at the table and being ready. I do not think you can go wrong with accumulating BTC under $6000 ( Closer to 5 and sub 5 better) nd even holding a paper loss will not be an issue. Were holding the 3 day support on the 200 EMA.. for now. We have seen BTC slowly break down the support levels through the clouds, EMA, trend lines.. There is just a tonne of resistance. I feel we will eventually break the $6000 test and this is where we will see the free fall. $5800 on a longer time frame is the last line and we will then see $5000 come into play. The reality is that none really knows the bottom. If we look at things like the weekly EMA, 88% RETRACE we are ;looking at testing $4000. If this happens it will be fast and brutal. My suggestion is to just accumulate what you can under 6k and average down. Spread your buys, there is no need to gamble on trades right now. Accumulate your BTC and we will trade once we start making elliot waves again. GET YOUR SEAT AND JUST BE PATIENT.
BITFINEX:BTCUSDShort
by Cryptogasmic
5
Don't get punked by the small ralliesGuys don't get punked out by the small rallies thinking things return to normal. Often you will see severe drop followed by a pick up.... only then to see another decline. These pump ups are just good places to sell if you want to sell. Never ever sell as its diving, always wait for the pump back and look for a better exit. ETHERIUM has 2 levels of support it needs to break through, it will likely hit $910 and $1010 fake people out and fall back down. We need to see if it can break these levels and close and then open at these levels.
BITFINEX:ETHUSD
by Cryptogasmic
3