Btcforecasting
ELLIOT WAVE COULD SEE A 10.2K retracesWhile many are panicking; Im literally dumping everything I have into $BTC as I know what's about to happen-- when a selloff this huge with news this bad (both economic/social) usually one thing follows && for confirmation just keep an eye on price of $GLD which parallels #BTC, with a delay ofc. Always set your stop-losses! 10% (with the 12.8% selloff) is appropriate.
Now BOOMS N BUSTS FOLKS REMEMBER
Stop. Breath. Don't panic. Don't FUD.
We have a clear and visible Elliot Wave (not from this publication but check this img:
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NOW Compare/contrast with this one:
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STOP LOSSES SET @ red line
TP1 & TP2 -- yellow lines
DISCLAIMER:
TRADE CAREFULLY. DO NOT GET GREEDY. DO NOT TRADE WITH YOUR GUT, USE YOUR HEAD!
TP3 AKA SHORTSELL / PIVOT LINE AT GREEN
Bitcoin Angle Theory Approved! One Last Wave Up!Well since the start of the cycle I have been thinking about what angles each breakout makes and then look at what values these angles are and if there is any pattern in these numbers, as I am obsessed with patterns, trends and use of simple mental arithmetic in trading. And what I can see is that all the values these angles give make a descending pattern and to find the pattern we at least need the first three values, well the first three angles were 55, 47 and 30 degrees so the pattern would give a 19 degree angle. I thought about it yesterday and drew this chart with the 19 degree angle and guess what, I wake up and see that we hit the trend and bounced back so we are getting approval of the angle theory, well that is how I am calling it so far(comment if you have a suggestion for a good name), so if I just follow my sequence for these numbers I can see that the next angles after this one is 6.5 degrees so pretty much after this small wave up we are going to go sideways but after that it is a drop which some people have been calling for weeks but you know it is not about calling it for months it is about timing, in trading if you cannot time the call you are pretty much losing money, so guys we are on point ;)
Good Luck, Traders! #moon #mooncommunity