We Still Have Profitable Trades! 2 weeks trading path
Updated
Hi TradingView Family,
Hope you all are doing well during the slight downturn in the market. While we are still a long ways away from a "bull" run and i think that will not happen until Q1 in 2019 (i have personal theories and TA's drafted on that front that i shared with my telegram family).
We are entering a consolidation phase for the next couple months but this can be some of our MOST PROFITABLE MOMENTS! Understanding how BTC and key coins move we can easily generate 2-5% on a daily basis. We can also do 25% ROI trades on just a 3-4 weeks swing trade. One of the biggest lessons in this market is to TAKE PROFITS at the top and buying tops. I see a lot of people panic selling the bottoms, buying the tops and get stuck hodling. I digress.
This TA is for the next 10 days of BTC. We are approaching a turning point where we can initiate for a 5-10% ROI trade. Right now we are looking at the four-hour charts and we can see a lot of support at the $6,500 earlier today with 250 btc buying support that was broken. What that tells me the buying support were fake set by whales. We are seeing a support level of $6,000 and aggressive selling. I think whales are going to try and break us down over the next two weeks.
Until then for the next 7 DAYS we might have a good day trading range between $6,250 - 6,800 which is about a 5-8% swing. I recommend for everyone to wait and set buy around $6,200-6,400 for a low-medium risk trade and you can trade on 2-5% profit. Sell around $ Keep it tight because i predict that we will drop one more time around 8/15-8/20.
An alternative path to trading this market is waiting completely for the market bottoms, but you know what they say...we don't need to buy the bottoms and sell the tops, you only need to buy the ankles and sell at the neck. We are close to the ankles atm.
Hope this TA will help you plan out your trading strategy. its the same one I have shared with my team over a week ago on telegram :) You can check the developments here!
PLEASE NOTE IF YOU ARE LOOKING TO JUST BUY BOTTOMS AND NOT DAY TRADE DO NOT SET ANY BUYS AT ANY RATES ABOVE. PLEASE SET THEM AROUND $6,000 - 5,500 WE MIGHT BE ABLE TO HIT THOSE LEVELS IN A 1.5-2 WEEKS. I WILL UPDATE YOU ALL AS WE GET CLOSER. IF THAT IS NOT THE CASE I WILL UPDATE IT HERE.
Released on 7/30/18 on Telegram
Market Development 7 Days Later
If you have any questions drop them in the comments or PM :D
Happy Hunting!
Reg
Hope you all are doing well during the slight downturn in the market. While we are still a long ways away from a "bull" run and i think that will not happen until Q1 in 2019 (i have personal theories and TA's drafted on that front that i shared with my telegram family).
We are entering a consolidation phase for the next couple months but this can be some of our MOST PROFITABLE MOMENTS! Understanding how BTC and key coins move we can easily generate 2-5% on a daily basis. We can also do 25% ROI trades on just a 3-4 weeks swing trade. One of the biggest lessons in this market is to TAKE PROFITS at the top and buying tops. I see a lot of people panic selling the bottoms, buying the tops and get stuck hodling. I digress.
This TA is for the next 10 days of BTC. We are approaching a turning point where we can initiate for a 5-10% ROI trade. Right now we are looking at the four-hour charts and we can see a lot of support at the $6,500 earlier today with 250 btc buying support that was broken. What that tells me the buying support were fake set by whales. We are seeing a support level of $6,000 and aggressive selling. I think whales are going to try and break us down over the next two weeks.
Until then for the next 7 DAYS we might have a good day trading range between $6,250 - 6,800 which is about a 5-8% swing. I recommend for everyone to wait and set buy around $6,200-6,400 for a low-medium risk trade and you can trade on 2-5% profit. Sell around $ Keep it tight because i predict that we will drop one more time around 8/15-8/20.
An alternative path to trading this market is waiting completely for the market bottoms, but you know what they say...we don't need to buy the bottoms and sell the tops, you only need to buy the ankles and sell at the neck. We are close to the ankles atm.
Hope this TA will help you plan out your trading strategy. its the same one I have shared with my team over a week ago on telegram :) You can check the developments here!
PLEASE NOTE IF YOU ARE LOOKING TO JUST BUY BOTTOMS AND NOT DAY TRADE DO NOT SET ANY BUYS AT ANY RATES ABOVE. PLEASE SET THEM AROUND $6,000 - 5,500 WE MIGHT BE ABLE TO HIT THOSE LEVELS IN A 1.5-2 WEEKS. I WILL UPDATE YOU ALL AS WE GET CLOSER. IF THAT IS NOT THE CASE I WILL UPDATE IT HERE.
Released on 7/30/18 on Telegram
Market Development 7 Days Later
If you have any questions drop them in the comments or PM :D
Happy Hunting!
Reg
Note
1hr chart analysisThere is a high probability the recent uptick in price will correct. At least on the 1hr chart it is a good time for us to close any open positions if we got in low enough within the range of $6200-6500.
We have hit a double bottom on the 1hr hence the recent 3% uptick. Like i said above there are profitable trades in this market we just need to time our buys appropriately.
The maket backslide down to $6100. We can initiate a daytrade and sell into profits now based on this attached one hour chart.
Note
Note
The 4hr, 6hr and even daily charts show signs of a potential incoming swing trade however i would not enter positions unless they are around $6200 and below. There are several KEY signs from historical patterns and personal trading experience that I must adhere to that is critical to this trade.
The whales are placing large sell/buy walls to consolidate the price into its current trading range. I will take another day to observe the market before moving in.
Note
The market has stabilized for now at the $6,300-6,400 mark. We must remain patient as we proceed here. Whales have backed off on the shorting/selling and right now we have strong buying support at the 6,370 and 6,200. Whales are supporting this with two 100+ buy walls.
For now we can anticipate a 3-5% push from these potential levels. There is little stopping it in terms of sell limits and it will be up to whales to produce the push!
Keep a tight stop loss. if the market turns south we can anticipate $6,200 - $6,000 mark will be the short term suppport
Note
Sell at $6500-6600 Keep a tight SL market will drop after the next bumpNote
Hi Team, Do not be afraid :) we are approaching the bottom of the foot. Which means we are getting better towards a position of a swing trade!
The speculated bottom will be $5800-5500 based on the current 4hr and daily charts. If we are inspecting the weekly we might have a potential for further decline but that is a discussion for another day.
Note
Hi Team, Hope you had a great weekend! BTC has traded perfectly within my speculative range with a +/- 1-2% variation.
The goal is to get as close as possible. We traded within the range perfectly for about a week until the recent price drop (: If you study the original TA you will notice the market dropped and rised perfectly on my lines, in terms of timing.
Here is the next potential course of action:
A BTC rebound is incoming. Fairly weak selling on GDAX. 1hr all the way to daily charts are showing signs of overselling :) We might see a positive rebound.
I recommend having buys around $5.5-5.8k range and playing with 10-20% of your portfolio on this trade. Market has yet to stabilize on the weekly chart.
Trade closed: target reached
Targets hit on the $6,200 based on yesterdays update! I will draft a new TA on where we might go from here :) Thank you all for your supportNote
Today is 8/17 :) while there is slight variation the BTC pricing movements have matched perfectly to the blue line i drew 10 days ago :) New TA otwNote
hindsight is 20/20 i think this chart did ok..
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.