AndrewGrennan

AndrewGrennan

BTC 15 min Bearish Gartley

AndrewGrennan

Once again I'm using BTC-e because I use MetaTrader, and the Bitstamp chart throws me off just a wee bit in regards to the immediate future. Back in March, when we were still coming off the massive bull surge of last year, we still had bubble tendencies, made apparent by the significant and the significant (both notated above). This being a bubble, the volume...

AndrewGrennan

Too simple? In the long run, yes. IF you believe there's going to be another bubble.

AndrewGrennan

Why did the price get extra bearish last week? Forget Apple Pay, forget generalized sensationalized headlines of bitcoin regulation horrors. On September 16th, one day before the beginning of the Isle of Man bitcoin summit, banking facilities close accounts of any Bitcoin-related functions on Isle of Man. www.coindesk.com Some people apparently knew on the...

AndrewGrennan

My last chart showed my stop and limit buy triggers, and my stop buy order was hit by an engulfing bull. Volume is preparing for another positive explosion. 3:1 target within 60% of daily average true range and safely below next fib level. Profit taking and preparation for next major bull move.

AndrewGrennan

Different time frames give different indications of direction. I set up my stop buy above Fib levels which, if hit, indicate a short-term bull trend and allow for significant profit possibilities as well as a decent stop clearance. I set up my limit buy at a price within Average True Range and realistic Fib channel to align with overall bull sentiment and take...