We pretty much nailed our BTC targets and made somme nice profits when most people were panicing. Now, we'll do the opposite and short this baby. The current subwave could be extended but i'm leaving it with a truncated 5th because of the resistance we're at.
I will update this post with targets when wave 5 begins.
Stop loss at 8852
Questions and comments...
So what I did is a searched for bigger pattern then usual. I think that this one is really clear!
First we got 1, 2, 3 and 4 is the big raise.
We had 1,2 en 3 so it is waiting for 4 right now.
it depends on the news
if the news will come nigative we will see more correction can takes monthes untill finished or when the news will come positive we will see green candles making wave 3
share your ideas guys we are here to learn from each other
Hi friends. You can see that bitcoin is clearly following a Flat 3-3-5 correction after its bull run which ended on 02-20. The A wave took us down to the 9200 levels and we subsequently saw a B wave which almost reached the previous highs but terminated just below at 11723. Now we are tracking a C wave which may stop anywhere between 9500 and 8800.
Since this is...
All the other kids with the pumped up kicks
You'd better run, better run, out run my gun
All the other kids with the pumped up kicks
You'd better run, better run, faster than my bullet
Yes this is personal chart on top of it it is a suggestions (YES THOSE RED LINES ARE SUGGESTIONS DON'T TAKE THEM 4 GRANTED) .
And so i started to publish my ideas .
Alecs
DAX - False Break-Out - Bullish Correction before the Deep Bearish Impulse:
DAX appeared on the Radar again after a while, unfolding what appears to be a "false break-out" and a "bear trap".
Let's make a recap on DAX, shall we?
12th May 2017 was when I called the top and the drop from 12950.00 Levels towards 12000.00 with the " GER30-DAX - SELL Set-Ups - Stock...
Reddcoin caught my eye this morning. Put a quick chart together to map its its pathway. Strong profit potential ridding this coin up. Lets see what happens.
Possible break out for BCH if it can find the volume to break out of the 76% fib resistance. RSI is moving into bullish zone. Possible 26% profits riding up to the 62.1% Fib line. Lets wait and see...
We just noticed basic ~30% retracment from the 3rd eliott wave, 5th wave is about to come and we need to join the train before it goes away, there is really good risk/reward ratio as our stoploss is going to be slightly under 20% and our profit potential is way way higher than 20% so thats the deal we want to look into.
HOW TO TRADE ETC :
- Buyin Range :...
Trend has been moving smoothly through the Fibonacci lines. Looks like we are currently waiting for the last eliot wave to form which is wave 4-5.
My Three resistances lines would be: 722,651,580.
Please let me know what you think as this is my first TA to published. Would really appreciate feed back!!!
TG
