Previously, we projected growth towards $17 700 - $18 000 as part of final 5th wave of the impulse. At the same time, the chart contained an ambiguous segment, and so there were two options for adding new positions:
Currently, yet another ATH is quite possible. I re-labeled the waves...
Right now Bitcoin Cash 8.33% is breaking loose from it's price channel , getting closer to the edge of Triangle pattern . Trend-following systems have already provided early buy signals.
The breakout pattern will be confirmed when price climbs above $1595.
Price drop below $1230 will eradicate my bullish bias here.
Previously, we anticipated new ATH and made bets on how much higher price will go. The pitchfork channel setup allowed for some 5%+ deals:
Currently, there is room for more growth towards $17 700 - $18 000 zone. This is suggested by wave structure, which looks incomplete...
The high-flying rocket IOTA, which broke the cryptomarket's charts in recent weeks with a whopping 260% monthly gain, is taking off again. This time we are setting up a short-term long setup, based on Triangle pattern, with 20-25% growth potential. It could make more - that's the nearest target.
If price drops below 4.10, the idea is no longer viable (stop-loss).
Previously, we made a bold attempt to short BTC with a tight stop of 3%. It was unsuccessful:
Bitcoin futures debut at CBOE was grand. CBOE's website went down just at the launch, and the exchange had to halt trading twice to 'inhibit' the bulls. Currently the futures (XBT) are...
Previously, we were looking to capitalize on the next leg of correction, which began on Dec 8. It was likely to take the form of either Flat (3-3-5) or W-X-Y 0.68% (3-3-3), and push the price down to $12 800 and below. Price hit the target quite fast:
The recent sell-off in Bitcoin may benefit it's Cash spin-off. The price is making attempt to break beyond the pitchfork, putting downtrend in danger. To me, the break of 0.1045 level will be a trigger for buying here with some 20% upside potential.
Previously, we entered a long position as part of "buying the dip" strategy. The trade was marginally succesful, as it didn't reach the second target of $16 147:
This time we are looking to capitalize on the next leg of correction, which began on Dec 8. If this correction...
Bitcoin price dropped nearly 20% today. And yet, the uptrend remains intact with 15743 and 16147 being first targets. The correction took the form of a Flat (3-3-5). When the price broke beyond the pitchfork, it triggered my buy orders.
Which could be a more profitable alternative to holding BTC now? I suggest paying attention to Monero (#9 by mkt cap). A classic bullish Triangle pattern is developing here. There are two approaches for trading this setup. The first is more risky and suggests going long on break of the trendline at 0.0193. The safer setup is going long on break of 0.020.
Previously on the show, we opened long positions anticipating new all-time highs. This turned out to be a solid deal from $8243 to $9300.
Presently, BTC is sliding downward. We anticipate a deeper correction and keep $8500 in sight.
Previously, we opened a short position @8170, which was supported by a bearish triangle breakout:
The price dropped 3.6% and reversed @7890 support. Depending on timing, some traders took a profit or closed out @breakeven. We now have to adjust to market conditions and get ready...
Previously, we initiated a short position @8170 based on a Ending Diagonal pattern:
It may still be viable, but I ought to inform you that the overnight price action has clearly triangular nature. That means, that the break of 8300 will most likely lead to 8440 and higher prices.This...
In the previous idea we identified a bearish chart pattern that is called Ending diagonal triangle (Elliott Wave Theory). It required a move above 8270 to be completed, and so we suggested the target of 8440 (nearest fib cluster). The price did make a new high @8354 but couldn't go higher.
Currently, I suggest 8170 as an entry point to go short (conditional...
Previously on the show, we were expecting a pullback in BTCUSD:
It did pull back just a little bit, but there's more to come. Under my wave model, the price should mark a new high around 8440+. This would complete the ending diagonal pattern and let us short this high-flyer....