Long
PSYCHOLOGICAL THEORY - BTS/BTC POLO
Many different theory's are used by Technicians/ Chartist- all theory's should give relatively the same signal (BUY/SELL) at approximately the same point but in different ways.
For example:
You might buy on the second minor price of major price cycle- as defined by the Price Cycle Theory-as it is the most profitable and easiest to spot.
The same Buy signal using Elliot Wave will be available at approximately the same location using the Geometric Theory.
The Crowd Psychology Theory is another effort of finding signals- although much less precise.
Google image search "Psychology of a Market Cycle"- compare to Bitshares Daily chart.
Fib Target 1.618- .00023 BTC
Huge Risk:Reward
28x - PAY ME!:)
For example:
You might buy on the second minor price of major price cycle- as defined by the Price Cycle Theory-as it is the most profitable and easiest to spot.
The same Buy signal using Elliot Wave will be available at approximately the same location using the Geometric Theory.
The Crowd Psychology Theory is another effort of finding signals- although much less precise.
Google image search "Psychology of a Market Cycle"- compare to Bitshares Daily chart.
Fib Target 1.618- .00023 BTC
Huge Risk:Reward
28x - PAY ME!:)
Trade active
Sorry Late Publishing- new to Tradingview.com (and vacation) moving all active trades to these charts for easier tracking and community help.Bought at .00000821 BTC
Double BULLish divergence first showed up on 4 HR, then confirmed on Daily
Took the risky entry on 4HR signal- 11/03/2017
Note
Boom!$!Notice a "Top Failure Swing" starting to form on RSI 4 hr chart. And an evening star candle stick pattern.
Top failure swing- the second peak of movement into over bought on RSI fails to top the first peak. AKA divergence of price and indicator. Once RSI exits over bought pattern confirmed. And sell signal
Look for short term pullback and get ready for some profit taking. My plan is long term hold on BTS, but won't stop me from wetting my beak a little.
Note
almost head and shoulder top on 15 min- for time being looks like still going strong
Note
BTS- love it!$!Fib 1.618- 28x come on!
Trade closed manually
Booked profit on all mid to long term HODLI'll be cash for BTC Futures.
I am not sure what will happen as lots of hype in both directions. What I do notice thou, is the public is rushing in to buying BTC as fast as possible during an emotional Elliot Wave 5. FOMO. Sheep follow the masses and sheep get slaughtered. Buy low and Sell high, not buy at the ATH. Professionals= anticipate. Amateurs/Public= React.
When random second tier friends are ringing your phone off the hook about BTC, probably time to book profits. If wrong just buy back in on December 11.
BTW I am extremely BULLish on BTC and cryptocurrency but will be safe on the sidelines for this potential bump in the road.
Note
Reviewing my trades from today- and reread my latest ideas. That as not a very nice last post. Sorry guys.I shouldn't of said that- "random second tier friends". I have been getting called the last few days by people I don't know who got my number somehow- I am very happy to help, if I have the time.
But it does signal that the public has entered the market. And we are def in the markup phase. This will be followed by distribution. Wall street has made much of its money for doing the opposite of the masses. Wall Street enters the market December 10.
good luck sorry again
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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.
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.