BTC Long Closed To anyone reading...
I have sold all my BTC yesterday/today. While it is an exciting time, we must not forget what the world is currently dealing with.
“Growth for the sake of growth is the ideology of the cancer cell.”
Remember, when the rug pull happens, all will scramble to sell, and this process can take some time.
We were right, and BTC has produced great gains for me many times.
In my opinion, we will run out of steam soon, considering all the economic events coming up. Tomorrow could be the final blow-off top, and if one thing is certain, you do not want to end up on the downside of BTC.
Look at your profits and be content and proud; it is always better to have your profits safe as the feeling of watching it go is truly hard to take.
Before greed and ego take over, remember there is no true get rich quick scheme and if there was, we would all be rich. Whenever the feeling of greed takes over, sit back and think about how long the money has taken to accumulate whatever the career. It is not easy come easy go it is only easy to go in this world. Looking back at 2017, it is easy to go wow, they made so much money, but what about those who didn't sell or couldn't sell in time. Optimism is great, but reality hits much harder.
GL to all and hope you find success
Dreams
XABCD Pattern which i entered here is a trade taken earlier, D point has formed along with a suitable reversal at the level. Two green lines are where it is predicted to get too. i have placed a 1:1 risk:reward however it is before the first take profit, hence if it starts to go that way the probability is higher that it will meet that target. black line is entry point.
XABCD Pattern Not to much information on this publish due to time, however trade taken a D point has formed along with a suitable reversal at the level. Two green lines are where it is predicted to get too. i have placed a 1:1 risk:reward however it is before the first take profit, hence if it starts to go that way the probability is higher that it will meet that target.
Adaptation on a XABCD Pattern Here is an XABCD Pattern which i have entered due to it meeting my strategy requirements, not much information on this one apart from black line = SL, green line = TP and Yellow line = Entry.
1:1 risk reward should hit profits which are both green lines however i have placed it slightly before the first TP to ensure it hits, i expect it to at least meet first target if not pass it.
Adaptation on a BUTTERFLY HarmonicThis is my adaptation on a Butterfly harmonic and where i expect it to reach. I am currently waiting for a completion of the D point which should show a reversal candle or pattern, once it hit a level which i allow (marked by gray boxes). once there is a reversal pattern/candle in one of these zones i will look to sell and set SL & TP targets. SL will be 20 pips below D point due to passed trade where a tighter stop loss was taken out before true reversal. the range i normally use is 5 to 20 pips. TP are marked green. TP 1 will be what i aim for, if TP1 is overtaken straight away with the reversal i will go for TP2
Side Note - this pair has been great with giving me set ups and reaching TP's
Adaptation on a DEEP CRAB HarmonicThis is my adaptation on a Crab harmonic and where i expect it to reach. i did not post this earlier as i was waiting for a completion of the D point and reversal. now that i have seen this i have entered the trade and also set SL at 1.10896 which is some pips below the D point. TP are 1.12220 and 1.12954 however i will only go for the first TP to be safe however i expect it to hit both.
Adaptation on a CRAB HarmonicThis is my adaptation on a Crab harmonic and where i expect it to reach. I am currently waiting for a completion of the D point which should show a reversal candle or pattern, once it hit a level which i allow (marked by gray boxes). once there is a reversal pattern/candle in one of these zones i will look to sell and set SL & TP targets.
Adaptation on a BAT HarmonicThis is my adaptation on a Bat harmonic and where i expect it to reach. I am currently waiting for a completion of the D point which should show a reversal candle or pattern,currently there is an inverted hammer but to ensure it is a positive reversal i will wait till the close of next candle then i will enter the trade. The current Risk:Reward is acceptable as i believe that it should hit the Take Profit target one at least thus i will be aiming for target one as it is the safer option. I have set the TP below the expected level to ensure it does not fall short by a few pips. The Stop loss is slightly below the D point if/when it is completed.
Adaptation on a CRAB Harmonic This is my adaptation on a Crab harmonic and where i expect it to reach. I am currently waiting for a completion of the D point which should show a reversal candle or pattern, once it does i will enter the trade. The current Risk:Reward is 1:2 or 1:4 what is acceptable as i believe that it should hit the Take Profit. I have set the TP below the expected level (121.204/121.640) to ensure it does not fall short by a few pips. The Stop loss is slightly below the D point if/when it completes with a reversal.
Adaptation on a CYPHER Harmonic This is my adaptation on a Cypher harmonic and where i expect it to reach. I am currently waiting for a completion of the D point which should show a reversal candle or pattern, once it does i will enter the trade. The current Risk:Reward still 1:5.8 what is acceptable as i believe that it should hit the Take Profit. I have set the TP below the expected level (0.18114) to ensure it does not fall short by a few pips. The Stop loss is slightly above the D point if/when it completes.
Adaptation on an Double bottom Here is my adaptation of a Double bottom trade, i am expecting/waiting for it to cross the horizontal line. Once this has been crossed and a candle closes above i will enter the trade and look to take profits slightly bellow my expected levels to ensure it does not fall short by a few pips.
Adaptation on SHARK Harmonic (21/07/19)Here is my adaptation of a Shark harmonic, i am expecting it you reverse at this level however to ensure that it will i am waiting for a reversal candle or pattern before entering the trade. if it doesn't reverse at this level there are a few more levels which it could reverse at which i can take a trade what i will update if needed.
TAKE PROFIT = slightly below 1.70142
STOP LOSS = slightly below 1.65702 - if reversal is confirmed
Adaptation on a CYPHER Harmonic (21/07/19)This is my adaptation on a Cypher harmonic and where i expect it to reach. I have taken the trade after spotting this a bit late however the Risk:Reward is still 1:1 what is acceptable as i believe that it should hit the Take Profit. I have set this slightly above the expected level to ensure it does not fall short by a few pips.
Delusional LTC moon dreams am I rekt? 0.01 seems to provide good support If this fails then long more at 0.008 and then 0.007. I've bought spot and also margin longed this and im not using a stop loss. probably going to get rekt but maybe the banksters try to moon all alts before christmas and failing that im betting that whales may start to get into alts around march similar to early 2017 alt season. Do your own research and dont trust a shit trader like me. I consistently get rekt and im most likely going to lose my life savings but ill still cling onto these moon dreams choo choo motherfuckers until I get liquidated.
Bubble Dreams DestroyedSorry to disappoint you bulls,
but we broke out of the primary uptrend in bitcoin.
I applied this A=B method to estimate a ball park (B) for the current downtrend + a possible bottom.
This is just my anticipation not a prediction!
I only assume something like this might happen if we fail to break out of the downtrend around 300.
Check out the volume profile bellow aswell. It supports my bottom level.
Cheerz : ]
Ilove Gold, Gold Loves Me Not!This is a side note continuation about "XABCD Should Extend The Trend!" subject.
This is my real life experience of buying a physical gold (coins, not much quantities, it was my first time doing that). Using my technical analysis for the reason to buy.
In 2013 I bough some gold almost exactly at the time this small Gartley was finished forming (little pointer and heart). I used my analysis to pick the best price for me, in hope that gold would take of fast.
After couple of days this small Gartley broke and I knew that something is wrong. I used this buy for the investment only, and I wasn't interested to just be a Gold Bug and to just buy and hold.
Strangely enough the same time this Gartley broke, I had a dream about a little brown skin girl jumping out of window from the second floor and landing on her two feet without any harm. The dream was so vivid that I could not ignore it. In the past I've had many dreams involving girls. When dream wasn't sexual in nature, it always told me about investment, indicating good opportunity on the markets. This small girl in this dream was in different context, that indicated something different this time. I'm just hooked psychologically like that I don't think that this kind of dreams are special. I think that everybody has their own psychological indicators and I think I'm not special with this dreams. I think that probably I could saw this broken Gartley pattern and after the fact I had this dream. It feels of course as I had it before the fact, like other dreams which was always before fact. Nevertheless I knew that this brown girl was representing gold coin so I came back to review the charts.
I immediately saw this Gartley being fractionally broken and I knew what to do. I saw this kind of situations before on the charts, and I knew how it usually ends. I was conscious enough (had a lot of practice and studied hundreds miles of charts). The action was simple, to just sell this gold. Luckily enough I found buyer at the end of the day. He was happy to pay me the same price I paid cause he had a buyer already lined up and the buyer wanted even to pay a little more. So it was a good deal and the buyer was probably a Gold Bug type of person, so everybody won.
On the chart there is big ABCD perfect pattern. I just knew from experience that if this little Gartley brake, then there is strong possibility for this bigger ABCD pattern being also broken. I knew not in hundred percent, but I saw enough this kind of situations not to just play with fire and stay.
This is my little life story. I still like precious metals and I bough some silver coins almost at the bottom from July 2013 (not June, I'm not that perfect to call perfect bottom), and not so long time ago i bough some more at almost the same price as this first buy. I don't know if it will pay off, but now I don't care to much, cause I bough it at a lower price and now I'm a little Silver Bug, cause this experience educated me about precious metals. This experience opened for me a whole universe of knowledge about money, precious metals and economy, so I'm thankful for it and I'm sharing it now with you!
Enjoy!