Getting Bitcoin ready for the 5k.
Updated
Currently out of position
I have 2 straight targets. Both in dark blue color line. Now the road to target number 1 is very unclear to me. So is the road to target 2 of course in this point but it will get clearer when the time comes. Now we will hit target 1 possibly even within this week but i will not get a long position from this point. If for some reason we retrace to 6940-6760 levels i have laddered buy orders waiting but i doubt it will and i remain out of position until we reach target nr 1. When target 1 hits i will be in short position
You have seen the bigger picture where we are in large A wave finishing it's 5th wave ending diagonal. The bottom of that diagonal is target nr 2 which is also our main target. Now this will be a long swing scenario if the count doesnt invalidate. If we go above 8200, we will go atleast to 10k and then this whole scenario is invalidated.
MY CURRENT POSITION: OUT
TARGETS (In that order):
Target 1: 7940
Target 2: 5060 (MAIN TARGET!)
I have 2 straight targets. Both in dark blue color line. Now the road to target number 1 is very unclear to me. So is the road to target 2 of course in this point but it will get clearer when the time comes. Now we will hit target 1 possibly even within this week but i will not get a long position from this point. If for some reason we retrace to 6940-6760 levels i have laddered buy orders waiting but i doubt it will and i remain out of position until we reach target nr 1. When target 1 hits i will be in short position
You have seen the bigger picture where we are in large A wave finishing it's 5th wave ending diagonal. The bottom of that diagonal is target nr 2 which is also our main target. Now this will be a long swing scenario if the count doesnt invalidate. If we go above 8200, we will go atleast to 10k and then this whole scenario is invalidated.
MY CURRENT POSITION: OUT
TARGETS (In that order):
Target 1: 7940
Target 2: 5060 (MAIN TARGET!)
Note
Target update:MY CURRENT POSITION: OUT
TARGETS (In that order):
Target 1: 7060-6860 (Laddered buys to go long)
Target 2: 7710 – 7940 (Will be defined more accurately after Target 1 aquired), Flip to Short
Target 3: 5060 (MAIN TARGET!) (Will be closing short at 5500 and going flat
Note
Target updateMY CURRENT POSITION: OUT
TARGETS (In that order):
Target 1: 6870 (Laddered buys to go long 6985-6885)
Target 2: 7790 (Will be defined more accurately after Target 1 aquired), Flip to Short
Target 3: 5060 (MAIN TARGET!) (Will be closing short at 5500 and going flat
Note
Note
MY CURRENT SWING TRADE POSITION: No positionTARGETS (In that order):
Target 1: 6880 (Laddered buys to go long 7085-6985-6885). NO HIT! No profits/losses. STILL POSSIBLE !!!!!!
Target 2: 7790 Enter to Short.
Target 3: 6280-6170 ( Close current short at 6300ish, Flip to long)
Target 4: 6750-6950 ( Close and flip back to short from target 3 at this range)
Target 5: 5060 (MAIN TARGET!) (Will be closing short at 5500 and going flat) everyone
Note
Seems to me that we are after all getting target 1. Nice bearflag broken. Clearer in 5 min chart. it points just below 7k. 6990Heading to sleep. Let's see what we have by morning
Note
MY CURRENT SWING TRADE POSITION: SHORT from above 7700 TARGETS (In that order):
Target 1: 7080 (Laddered buys to go long 7085-6985-6885). NO HIT! No profits/losses
Target 2: 7710 Enter to Short. HIT! No profits/losses. Entered short
Target 3: 6280-6170 ( Close current short at 6300ish, Flip to long)
Target 4: 6750-6950 ( Close and flip back to short from target 3 at this range)
Target 5: 5060 (MAIN TARGET!) (Will be closing short at 5500 and going flat)
Note
Even 8k is still possible. I have still short fills waiting at 7800-8100 levels. Next target is naturally target nr 3Note
Stopped. This scenario made -5,12% lossesNext one published.
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.