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Murrey

BTC BITCOIN FRIDAY 11/17/2117 9:47 CST - MAJOR SUPPORT BROKENBTC IS ON THE ROPES. IT HAS BROKEN 5-6 SUPPORT LINES , AND HAS ONE LAST SAFETY BLANKET - THE 264 DAY SMA ( SIMPLE MOVING AVERAGE ) I HAVE SET UP A SHORT AS INDICATED. ITS ABOUT A 50 / 50 CALL FROM HERE AS BTC IS SAFE WHILE ABOVE 7500 BELOW 7500 ITS IN MAJOR JEOPARDY OF BEING SHORTED TO DEATH. MY NEXT TARGET IS NEAR $6300 OR SO. SO JUST A SMALL WARNING - LIGHTEN UP ON YOUR LONGS, OR SELL YOUR LONGS OR GET SHORT. I KEEP USING NEW HIGHS OR NEW HIGHS PLUS ABOUT 125 POINTS AS MY STOPS. GOOD LUCK. PM ME WITH ANY QUESTIONS.
KRAKEN:BTCUSDShort
by Urbanmove
BTC BITCOIN SHORT - THURSDAY 11/16 - 4:30 CST Btc shorts were stopped today at 7500. They were just reset. Stops here will be about 125 points above the old high or at 7925. Cover targets are currently $6900. BTC continues to surprise in strength. Chart patterns are all pretty accurate, but the length of the impulse waves are longer and stronger, and all extended. All the pull backs are shorter , and wedged in the positive directions. Keep those stops tight. I still feel we go back to retest serious lows. if w take out the all time high at 7800 in a few minutes or over night I will revisit that thesis. PM me with any questions. Thanks, and good luck!
KRAKEN:BTCUSDShort
by Urbanmove
3
BTC - BITCOIN WEDNESDAY 11/15 /17 UPDATE - 3:27 CST BTC Strength is slightly stronger thus far, and moving to sideways. Sideways is not down. I have had a few successful shorts today, playing this mornings numbers, but I keep having to reset higher and higher. Currently have a slightly updated wave form. Looks like we are just about to finish up a small Elliot wave 4. That will lead us higher to $7499. Then we will enter a larger Elliot 4 wave that may take 24 hours to really wear thru. The last wave in that pattern projects to be truncated, and will NOT produce a new high, and should begin the decent back to $6400. I will update if / when we break down. Prices posted are for covering shorts, not for going long. Unless your high frequency. PM me with questions. U.m.
KRAKEN:BTCUSDShort
by Urbanmove
4
BTC BITCOIN - WED 11/15/2017 + 2 WEEKS - A COLD BTC WINTER The bitcoin market - BTC has just retested its near term peak. The high at $7300 looks to stand for many months to come. Price heading lower, bottom target just above $5000 for this wave. Subsequent waves can drive to $4000. If you have questions, please PM me. This is an easy tradeable short. Stop loss the old high of 7800. Use caution with any prices above 7500. And use prices above 7500 to work back out of any short positions that may need to be rest. However, I do not see that any of those stops will be needed. But, protecting capital is paramount. So there they are. Good luck!
KRAKEN:BTCUSDShort
by Urbanmove