TheGlitch

TheGlitch Updated 

Bear-Flag?

TheGlitch Updated 

Could this possibly be the "bull-trap" side of the "Stock Bubble Psychology" theory. This is where I would be neutral and respect the mental stop areas. "No bias, Just technicals".

TheGlitch Updated 

I think that this can go a lot higher IF the idea follows through. Placed the entry where the support lines cross. - Look at the support line from the low of the year and see where the price came down to test it... Then look at the support line of the down trending channel to the right. Where do they cross? "The X marks the spot" If this idea works out i'll...

TheGlitch

Bull Flag. Red line is my stop... my entry is right here at the resistance. Exit: Not sure yet. I show no mercy for the stop - loss. If it hits it hits because of how crazy these cryptos can get. Good luck

TheGlitch Updated 

Its almost comical to see the overall market rallying because of the dollar is going up.

TheGlitch

I like the chart but it is a bit to choppy...

TheGlitch

Should have posted this one 1 candle ago... but it this is my long position right now.

TheGlitch Updated 

Up-trending... Next price target $281.

TheGlitch

Up-trending!

TheGlitch

It appears that it is bouncing off of this triangle pattern and testing resistance. There are two entries - entry 1 and entry 2. The placement for entry one is at the support incase the price decides to be tricky before the potential break out. Entry 2 is the text book entry - The break of resistance. I take the idea of having a mental stop loss extremely serious.

TheGlitch

It is possibly at its bottom. The Elliot wave count is at 4 right now while the stochastic gave a bullish signal.

TheGlitch

This is only an IDEA. I have never seen a price run straight up in any market - "besides the Venezuelan stock market"**. Therefor, I try using successful tools made available by trading scholars to help me get probable outcomes . Elliot Wave theory and fibonacci levels for this run. Elliot Wave theory explained. stockcharts.com (still trying to learn the rules...

TheGlitch

The first 1-5 waves broke out of a Wedge Reversal Pattern. The second 1-5 waves broke out of a Bull-Flag pattern. Seems like a great set up for next week.

TheGlitch

Im not sure if I am going to call this a Triangle or a Wedge Pattern. Regardless, The price action is bullish . The price is currently at wave 5 and could potentially break out any day now. The trade plan is set and should be followed religiously incase the price goes against the idea. 1st: Entry at the green line if lucky. or/and if the price doesn't pick up...

TheGlitch

The first 1-5 waves broke out of a Wedge Reversal Pattern. The second 1-5 waves broke out of a Bull-Flag pattern. Seems like a great set up for next week.

TheGlitch

Stop-Loss 1: If the price falls below the support of this symmetrical triangle. Stop-Loss 2: I find it that this pattern is a bit ahead of its self because the French election results is due within the next 24hrs. The price could be doing a sideways break out and bounce on the dashed lines until the election results are in. Personally, if the price violates...

TheGlitch

Cup and Handle Pattern. Formed 4 confirmed waves and now in the works of the 5th. I will remain bullish as long as the price doesn't violate the current support of the pattern/handle.

TheGlitch

Im not sure if I am going to call this a Triangle or a Wedge Pattern. Regardless, The price action is bullish. The price is currently at wave 5 and could potentially break out any day now. The trade plan is set and should be followed religiously incase the price goes against the idea. 1st: Entry at the green line if lucky. or/and if the price doesn't pick up my...