PlayDefence

Message Follow Following Unfollow
Joined DooitLee
Markets Allocation
Top Mentioned Symbols
BITSTAMP:BTCUSD 46% | 6 BITFINEX:BTCUSD 23% | 3 XGY 23% | 3 BTCUSD3M 7% | 1
PlayDefence PlayDefence BTCUSD, W, Long ,
BTCUSD: Would it be a bull market?
76 0 1
BTCUSD, W Long
Would it be a bull market?

note: wave counts refer to DanV's idea

PlayDefence PlayDefence BTCUSD3M, D, Short ,
BTCUSD3M: Probably one leg down before retracement
55 1 0
BTCUSD3M, D Short
Probably one leg down before retracement

- Double bottom is possible at previous low $210 (green arrow) - then retrace to red arrow possibly

PlayDefence PlayDefence XGY0, W, Short ,
XGY0: Recount WAVE 5 (Bearish Market)
97 1 1
XGY0, W Short
Recount WAVE 5 (Bearish Market)

- Compare WAVE 3 & 5's MACD, WAVE 5 lost momentum compares to WAVE 3, double top formation - Both Wave 3 of WAVE 5 & Wave 3 of WAVE 3 has RSI extreme reading, support Wave 3 count makes sense - RSI trendline broke and now RSI is below 50 on weekly chart, which is really bearish - Comparing time circle of WAVE 3 & 5, it shows WAVE 5 is shorter than WAVE 5 on time ...

PlayDefence PlayDefence BTCUSD, D, Short ,
BTCUSD: Alternate count for Bitcoin long term correction
87 0 0
BTCUSD, D Short
Alternate count for Bitcoin long term correction

This time WAVE C as an impulse wave, no more description yet

PlayDefence PlayDefence BTCUSD, W, Short ,
BTCUSD: Long term WXY correction of Bitcoin
206 2 2
BTCUSD, W Short
Long term WXY correction of Bitcoin

* Long term correction as WXY (double zigzags) * Wave B retrace 50% of Wave A * Wave C looks like an ending diagonal but wave 1, 3 dont have clear threes waves structure. But MACD indicator show previous low is probably wave 3 with MACD lowest low, plus MACD & RSI reverse divergence * Weekly 30MA act as major resistance, with less volume Summary: Big drop probably

PlayDefence PlayDefence BTCUSD, W, Short ,
BTCUSD: Long term WXY correction of Bitcoin (Bearish)
131 0 1
BTCUSD, W Short
Long term WXY correction of Bitcoin (Bearish)

* Long term correction as WXY (double zigzags) * Wave B retrace 50% of Wave A * Wave C looks like an ending diagonal but wave 1, 3 dont have clear threes waves structure. But MACD indicator show previous low is probably wave 3 with MACD lowest low, plus MACD & RSI reverse divergence * Weekly 30MA act as major resistance, with less volume Summary: Big drop probably

PlayDefence PlayDefence XGY0, W, Short ,
XGY0: align wave count with RSI, bull market almost finish
235 4 3
XGY0, W Short
align wave count with RSI, bull market almost finish

This time I count the wave by comparing historic RSI. details on chart.

PlayDefence PlayDefence XGY0, W, Short ,
XGY0: 1st wave of bull circle finish
27 0 1
XGY0, W Short
1st wave of bull circle finish

According to Elliot Wave guideline, wave 2 will retrace 50~62% of wave 1, if my counts is right. Also, RSI divergence indicates the index's top, plus latest canldestick, either Doji or Spinning Tops. There's not that much doubt on next week's movement. Bull circle is identified by weekly 30MA.

PlayDefence PlayDefence BTCUSD, D, Short ,
BTCUSD: Added Short Term Trend Line
150 0 2
BTCUSD, D Short
Added Short Term Trend Line

I tried to draw my own trend line, don't know if it's valid or not. Anyway, I drew it with my best. Newbie's idea, if price cant break above $250 within 24 hours, I think it worths to short below $250, target $236~230 area. If price break above $250, pay attention to potential double top at ~$260, then short below $260 target $236~230 area. Trend line knowledge ...

PlayDefence PlayDefence BTCUSD, D, Short ,
BTCUSD: Identify Support and Resistance
81 0 1
BTCUSD, D Short
Identify Support and Resistance

This is my first try to identify support and resistance. Above is resistance area $260~280, below is support $240. Due to breaking into $255~260 area lack of follow-through, so I think it worths to short below previous high $262.98, target $245~240. Newbies' idea anyway.

PlayDefence PlayDefence BTCUSD, 15, Long ,
BTCUSD: Huge reverse divergence in 15min chart Feb 16
60 0 2
BTCUSD, 15 Long
Huge reverse divergence in 15min chart Feb 16

huge reverse divergence, does it mean price will reverse huge ?

PlayDefence PlayDefence BTCUSD, 15,
BTCUSD: Reverse divergence
39 0 1
BTCUSD, 15
Reverse divergence

reverse divergence, right?

PlayDefence PlayDefence BTCUSD, 240,
BTCUSD: last high
42 0 1
BTCUSD, 240
last high

last high after no reverse divergence

Last visit china
25
2
131
Message Follow Following Unfollow
Last visit
13
2
61
Message Follow Following Unfollow
Last visit Maldives
3418
317
25734
Message Follow Following Unfollow
15
0
66
Message Follow Following Unfollow
Last visit
2556
349
11474
Message Follow Following Unfollow
Last visit India
917
218
4085
Message Follow Following Unfollow
Last visit
10707
3291
94224
Message Follow Following Unfollow
Last visit EUROPE
7234
537
65524
Message Follow Following Unfollow
Last visit UK
425
14
1648
Message Follow Following Unfollow
Last visit
28
0
127
Message Follow Following Unfollow
Last visit United Kingdom
4382
137
26855
Message Follow Following Unfollow
Last visit
139
29
536
Message Follow Following Unfollow
Last visit
3
0
15
Message Follow Following Unfollow
Last visit Buenos Aires, Argentina
4646
1346
55082
Message Follow Following Unfollow
Last visit
6
0
23
Message Follow Following Unfollow
Last visit Houston, Texas
34
14
221
Message Follow Following Unfollow
Last visit
90
1
410
Message Follow Following Unfollow
4161
690
25654
Message Follow Following Unfollow
221
33
1134
Message Follow Following Unfollow
Last visit
69
32
351
Message Follow Following Unfollow
Last visit
162
73
690
Message Follow Following Unfollow
Last visit PanGlobal Singularity
43
16
206
Message Follow Following Unfollow
Last visit
139
29
536
Message Follow Following Unfollow
Last visit France
381
65
1704
Message Follow Following Unfollow
Last visit
364
17
1253
Message Follow Following Unfollow
Last visit
73
3
287
Message Follow Following Unfollow
Online Germany
467
11
2194
Message Follow Following Unfollow
Last visit
27
0
107
Message Follow Following Unfollow
Last visit UK
5844
180
22970
Message Follow Following Unfollow
253
0
815
Message Follow Following Unfollow
Last visit Croatia
441
13
1715
Message Follow Following Unfollow
Last visit Dubai
18745
818
81456
Message Follow Following Unfollow
Last visit Andaman Sea
34
8
212
Message Follow Following Unfollow
Last visit Buenos Aires, Argentina
4646
1346
55082
Message Follow Following Unfollow
BTCUSD
Bitcoin / Dollar
Follow Following Unfollow
Market
Interval
Browse
Time
Type
Browse
Time
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out