Ride Those Waves: Bitcoin Rudimentary Elliott Wave - LONG TRADE
Updated
The time is upon you. What will you do? Will you get rich or will you allow fear and sickly indecision to paralyze you and your bank account? Here we see yet another Elliott Wave Long Trade for BITCOIN. This wave analysis is unique compared to my other published ideas because we have a strong CONFIRMATION of the initiation of wave 5. If you don't understand the Elliott Wave Theory, and why that's important check out some of the comments on my other published ideas, because the simple rules are all laid out there for you. This is a textbook pattern WITH confirmation. The great thing about the Elliott Wave, and all effective and intelligent trading and investing techniques, is that they essentially reduce the question that the investor/trader must ask him- or herself to a simple yes or no. Of course, additional confirmations should be sought through additional forms of technical and fundamental analysis, but here is my answer laid out clear as day. As Bill Gates recently said, "Bitcoin is unstoppable." Happy Hunting Everyone.
Trade closed: target reached
If any of you out there bought a few coins at this price, you just made a bunch of money, so congratulations to you, take a chunk of those profits. I expect price to continue strongly upwards in accordance with wave 5 but the potential for deep dives comes with the territory and the pattern could be invalidated (would need to hit 1150ish) into a corrective Elliott Wave 2. At this point, a truncated wave 5 looks unlikely, price just shot up substantially, my conclusion is that we're in a healthy wave 5 right now! Happy Hunting.Trade closed: target reached
Circling back for an update, we've seen a little baby wave 5 grow into a healthy adolescent wave 5, and now we wish to see adulthood. I don't believe this bad boy's gonna be stopping, only temporary fakeout jiggles, but if you took this trade youre up about $1000 PER coin, take some profits and leave the rest to grow. chugga chugga choo choo 6k here we come.Comment
If you took this trade you made a bunch of money, and you're making a bunch of money again. It looks like bitcoin will continue upwards, but be very careful here of a swing point failure that could facilitate a big sell-off. The number of forks this year make me a little bit nervous about sustained demand for bitcoin, so just be careful, don't overextend yourselves, avoid credit, margin, and reckless speculation, this is a very dangerous time for bitcoin, the United States is in very bad political times, and I suggest that you hedge with significant positions in PHYSICAL gold and holding some cash in dollars or fiat of your preference. A balanced portfolio is more important than a get rich quick scheme, be careful, it's a jungle out there, Hunters, and remember where you are on the food chain!Comment
Boy If you were a Client Fund friend of mine you would have made a lot of money right here! Haha
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