lonestar108

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About me I'm a software developer, and I like to trade bitcoin and Forex. I'm also the lead developer for an altcoin called Syscoin.
Joined Phoenix, AZ sebschepis
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BITFINEX:BTCUSD 38% | 7 OKCOIN:BTCUSD 22% | 4 EURUSD 5% | 1 BITSTAMP:BTCUSD 5% | 1
lonestar108 lonestar108 BTCUSD, 240,
BTCUSD: (4h) classic H&S formation in progress
204 0 5
BTCUSD, 240
(4h) classic H&S formation in progress

I hate to be the bearish guy, but if this formation does in fact complete with a rejection at the red level (left shoulder level) or worse, orange (right shoulder level) we could be looking at a trend reversal and lower prices for the rest of the year. I'm not bullish until I see ATH broken here.

lonestar108 lonestar108 BTCUSD, 60, Long ,
BTCUSD: Inverse H&S
193 2 6
BTCUSD, 60 Long
Inverse H&S

Inverse H&S, target 395

lonestar108 lonestar108 BTCUSD, 30, Short ,
BTCUSD: Possible Head & Shoulders
219 0 3
BTCUSD, 30 Short
Possible Head & Shoulders

Possible H&S after breakdown from 405 to 397. Close above 404 near the right shoulder line invalidates the pattern and presents a more bullish scenario.

lonestar108 lonestar108 BTCUSD, D, Long ,
BTCUSD: BTC - Consolidation before the next move up?
501 0 3
BTCUSD, D Long
BTC - Consolidation before the next move up?

Both recent drops resulted in a multi-day consolidation period with another move UP. If this pattern repeats itself, we are likely to range here between $375-$400 for over a week before going back up. Daily close under the lower red line would invalidate this setup.

lonestar108 lonestar108 BTCUSD, 7, Long ,
BTCUSD: Bitcoin for Thanksgiving
198 2 0
BTCUSD, 7 Long
Bitcoin for Thanksgiving

This isn't a parabolic move, just a movement up to paint the same bullish correction that's been expressing itself in the price for days now. My target gives me 411ish on Thanksgiving. Excellent

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