licence2kill

licence2kill

The recent action pretty much confirmed these EW's. The large spike upwards could definately be the wave C of the smaller ABC, which means it ended as wave 2. (It's also a possibility that the spike was wave A, so 1 higher top could follow. Anyway, that doesnt make it less bearish. I think that BTC will be going towards 1510-1530 yuan, before igniting larger...

licence2kill

Using the ew theory on the 45 min chart, we could be in the retrace of the third wave. The retrace could go to 1510 yuan max. After this leg 5 will follow and i think that the purple line - coming from the top of the last bull run - will serve as a huge support. The RSI basicly supports this, since the last 2 days look more like a small retrace instead of the...

licence2kill

Practising with the EW theory. Chart should explain it, but please feel free to comment

licence2kill

I entered my short position at 236$. My chart will explain it. Stop loss is around 240 - 241.5

licence2kill

I think that bitcoin will not go through the inner trendline's resistance (237$). If it doesnt break the resistance im aiming sub 200. - It's testing the top right now, but looking at the previous tested points it's a 1/3 chance to break the resistance. If it breaks It will probably test the 265-270$ area and magic stuff might happen if it breaks through that. -...

licence2kill

Since the purple support line showed that it is relevant, by beïng touched multiple times. I think that it is strong enough to hold. A lot of people went short, but it's still up. In my view, the shorters dont have enough strength and eventually, if the support doesnt break, it will probably go up. I went long from 243 with my stop at 241, which is a few bucks...