Long

Sick of the correction? read this..

Updated

Bitcoin completed a triangle correction

- Had strong shakeout & panic today
- Oversold conditions
- Market cycle completed
- Thin ichimoku cloud
- Inverse H+S on crypto total mcap
- Strong bullish trend in big picture

Here's the thing with Crypto you have to think big picture & not get stuck in "FEAR" or "Over trading " focus on the biggest time frame first then check volume & check market cycle comparison & finally check the Elliott waves & use some Fibonacci to get targets .

Things to avoid

- Over trading (checking the charts to often instead of making your trading plan & sticking to it)

- Over leveraging (using to much in any one trade)

- Making choices based on "Fear" or "Excitement"

- Not taking profits (this one is HUGE remember to scale your profits into tether when everything is overvalued & people are too excited)

if you do these things & avoid the list above you can be a very profitable crypto trader .

I have been charting bitcoin since 2015 here's some of my proudest predictions.

My bitcoin idea LONG. Coming to test 520-540 buy in that range

Bitcoin Long-term market cycle study on LOG chart

Count your waves & keep your head clear.

will be posting plenty of updates along the way :) stay profitable out there!

Note

Support and resistance is zone! for the people saying "trend line broke!"

Note

banks buy the .786

Note

bear flag target met

Note

needs to get above cloud on 30m

3 h oversold

& same with the 12 h

Trade active

Taking a small day trade down here on bitmex

entry price = $6746.5
stop loss price = $6619.6
target price = $7172.7
exchange = bitmex
leverage = 10x
entry date = 6-11-18
trading plan = HAI Daytrading

will keep everyone posted :)

Note

Triangle spotted! if this breaks out it will be the cherry on top of my long position

Note

breakout confirmed

Note

Trading plan still active! retesting support of lower triangle line . stops are at $6619.6 & entry price = $6746.5

(big picture my chart above with the huge triangle is still active just playing a little day trade swing down here also)

stay profitable ! will keep updating

Trade closed: stop reached

stopped out on the day trade! took a -1.88% loss :) more trades coming though (getting stopped out is a normal aspect of trading)

Trade active

Triangle still in play on the big time frame

Note

for all the fish net traders out there we are under the net again!

Note

Last chance for the bulls to take charge! if we have a support failure in this wedge 4.5k - 3k are options,

Note

:) getting that bull action

Note

Falling wedge! still on for the correction being over :)

Note

s/o to CryptoWolf on twitter for inspiring this IDEA :)
nasda

Note

nasdaq vs btc

Note

What most people are betting their money on (the 90% who loose)

Note

What I'm betting my money on (10% who win)

Note

ANYBODY LIKE FRACTALS?

Note

update

Note

Update

Note

Also here is the nasdaq comparison update (click and press play)

Note

TOTAL MARKET CAP LOOKING AMAZING!

Note

Bitcoin looking like a nice wedge

High_Altitude_Investing

Also on:

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.