Still long on Bitcoin since end of january
Took some profit again on this likely Bearish BAT + bearish AB=CD.
I'm expecting a pullback to $3500 to complete another daily bullish gartley and to retest a structure done in early february.
Any close above $4250 would invalidate this...
Bitcoin seems drawing a rounding bottom since the low at $6000.
As long as prices are closing above $6100, i'm targeting 9100/9200$ to complete a bearish gartley.
I will closed my long position (long at $6088) and will short BTC for targeting a retest of $6600 (likely gartley structure with nice correlation of previous support and resistance area).
This is not a trading plan but a likely scenario for another giant Bubble for Bitcoin.
BTC is growing bubble after bubble (4th in its history since 2008).
Take off has ended at $20.000 when CME Future Contracts opened.
Investors has shorted heavily via these contracts. Institutionnals are coming slowly into this market where in the same time where...
After a long which has failed ($8600 closed at BE), I bought the lower boundary of this likely channel.
1> Completion of a bullish butterfly
2> 0.618 retracement of the whole 2017 rally
3> SMA 200 daily.
I'm expecting a retracement to 15.300 to complete a bearish cypher. Then going short again for a final target at $5000 for 2018.
If this scenario is...
DXY completed a daily bullish gartley at 91.7.
Active long at 91.8 SL below X.
First TP's at 93.
If DXY breaks its long term bearish TL (in dashed yellow), max target for this gartley could be 2.236 ext. of AD in confluence with the 0.618 retracement of the whole bearish wave (around 99)
BTC hitted the 0.618 of the last rising wave.
I'm long at $11.500, took some profit at $14.500 and i'm waiting a higher retracement (between 0.618 / 0.707) inside this likely flag.
Then, last wave down to complete the CD leg of a likely gartley + 0.618 of the wave from the low of March to December high + previous strucure.
Price of completion around $8500 -...
Always looking for a pattern to fill the gap at $1347.
In previous idea, i mentionned a likely bat at $1346, now we can add a target's range (possible adam&eve / double bottom structure) and a bearish crab on same level.
As said in previous idea, only one requirement : $1260 should be keep safe (better : .886 retracement of XA leg of the gartley at $1266)