iamaltcoin

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FOREX is my new god!
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BITFINEX:BTCUSD 83% | 5 OKCOIN:BTCUSD 16% | 1
iamaltcoin iamaltcoin BTCUSD, 240,
BTCUSD: Medium term musing for BTC over the next month
95 0 1
BTCUSD, 240
Medium term musing for BTC over the next month

This is not really an accurate chart, I'm more throwing out an idea as to what we might see, prediction using only trend lines and Elliot's. I'd be interested to hear other peoples thoughts. This chart is mostly for my own interest, give that this is a back of the envelope prediction.

iamaltcoin iamaltcoin BTCUSD, 60, Long ,
BTCUSD: Double Bullish divergence allows for long opportunity
103 1 0
BTCUSD, 60 Long
Double Bullish divergence allows for long opportunity

Double Bullish divergence gives us nice long opportunity. With KDJ bottoming out and J curling up we can get a nice entry with minimal risk/reward of 4 This is also a huge bullish order block zone, use that as you will. I've provided multiple targets, the higher you go the less likely they are to hit, either exit or shrink position on each target to minimize risk!

iamaltcoin iamaltcoin BTCUSD, 60, Short ,
BTCUSD: Bearish divergence on BTC will see at drop from $354
94 3 3
BTCUSD, 60 Short
Bearish divergence on BTC will see at drop from $354

Bearish divergence signals a good opportunity for a short - minimum target of $340 due to fibs and a previous order block.

iamaltcoin iamaltcoin BTCUSD, D, Short ,
BTCUSD: BTC to retrace down to $352, before completing its ABC wave
66 0 1
BTCUSD, D Short
BTC to retrace down to $352, before completing its ABC wave

BTC finally got a nice bounce over the last 3 days but will now slow down and retrace to its previous support an 0.618 fib level. This will be followed by a strong up movement to around 380 to complete its ABC re-trace.

iamaltcoin iamaltcoin BTCUSD, 240,
BTCUSD: BTC/USD maybe railing around $375 after falling from $475 3 days
58 0 2
BTCUSD, 240
BTC/USD maybe railing around $375 after falling from $475 3 days

BTC has been falling after a major rally and has yet to settle on a price bottom. However it may now be showing signs of slowing and possibly stopping. If it reverses as expected, it could very well take another run up. Look for an entry between 360 and 375, if it falls below 350, expect it to drop further.

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