THE REAL BITCOIN PATH IS HERE - DON'T MISS OUTHello! I saw a lot of charts charted, i'm just gonna stick to the old Eliot fashion wave style and proove you that bitcoin is going up and only up from now, no 9k,8k dips and shit. It finally reached and completed the final E wave of the ABCDE wave correction and it made first new Eliot wave, currently looking to pullback and test the fib levels to complete the 2nd wave, after that the big 3rd wave may blow us away back to the 13k zones. Bitcoin is going up only from now, easy trade position from here 2.5 risk/reward ratio, if it confirms my path. And this is only short-term trade. For the long term we will open a position, once it confirms my path
Buy-in zone :
Everything between - 10 800 - 11 400 area
Stop Loss: - 10 391
Target 1: - 12 508 fib lines take half leave half
Target 2: - 14 334 - correciton will happen after 5th wave is finished - take other half, re-buy on the dip
Trade open a : 11300
Short-btc
STR/BTC Sort term, SHORT opportunity,
Following the cyclical pattern of Elhers Stoch CG Indicator/RSI we are due for a bit of a drop if the pattern repeats itself. I've put a 500STR short open here at 45. Stop loss 48ish. Target is where the price is when it gets to the flag at bottom.
Ripple (XRP) hits sell target 01/16/2018XRP has hit the target price (sell) after a decline of 54% from the date of the sell given on Jan 4th 2018. Price has retraced all the way down to the breakout level that occurred on Dec 28th 2017. It appears
most of the selling has been completed and a significant amount of damage has been done to XRP. The coin will probably consolidate around these levels until it forms a base that it
can start to climb from again.
Possible Short @ $5800UPDATE:
Here's a trade opportunity that is a piggy bag of my larger short...
BTC is in correction mode and has made almost a 100% retracement since the drop from $6000 while bouncing on the Fibs along the way. I already shorted @ $5911 but since there may be more downside remaining (if a trend reversal is confirmed) there may be more entry points (with tight SL) as we head lower. $5780 looks like a possible Entry as BTC is meeting resistance at $5800. This is an opportunity to short as it heads down to support/the next Fib level...
Trading Signal for BTC:
ENTRY: 5780 - 5775
TAKE PROFIT: tp1: 56200 tp2: 5550
STOP LOSS: 5850
LENGTH: 2 days +
BTC Short @ $5900BTC is in correction mode and has made almost a 100% retracement since the drop from $6000 while bouncing on the Fibs along the way. I already shorted @ $5911 but since there may be more downside remaining (if a trend reversal is confirmed) there may be more entry points (with tight SL) as we head lower. I'll make note of those entries as I update this position.
Trading Signal for BTC:
ENTRY: 5920 - 5900
TAKE PROFIT: tp1: 5740 tp2: 56200 tp3: 5550
STOP LOSS: 5930
LENGTH: 2-3 days +
(Once again, currently in the middle of this trade but will update with possible entries)
BTC Correction Before $10,000???As i learn and get better at plotting my charts. I'm seeing things i would normally be Oblivious to. I see this failure being the end of wave 5 and 6200 being the ATH until after this abc correction. I think BTC will touch 5000 or even 4900 then resume it's move to $10,000. Let me know what you guys think. As i improve your feedback will help me get better at this.
Thanks
P-S
I currently have a short open at 5479 with a TP of 5312.
My buy limit is 5121 with a TP of 5949
Conclusion: Short-term shorts and Long-term Longs after correction.
Disclaimer: Trade Responsibly
ETH-BTC==SHORT - trading well off the established trend.My first analysis, all criticisms and suggestions welcome.
ETH trading well above the established trend, must correct before further moves. With segwit looming and the recent ETH network collapse still heavy on the minds of investors there's nothing to stop the slide toward support levels. Eth is right now setting up beautifully to enter a short around .015. Set your stop limits @ .017, cover to taste.
Good luck to all.
LTCUSD Short idea, H&S pattern. Daily trendline possible brokeBTCE:LTCUSD
I believe LTC have a bright future, but right now hype about SegWit is over.
Big players are quiting.
Breaking Daily trendline and $25 treshold will be complited H&S pattern, which means minimal $13 dump, I expect $12.7, may be deeper
Falling channelHere we go.
Traders on BTCe seems pretty emotional, any signs of dump on Bitstamp will result in an even bigger dump on BTCe. Similarly, pump on Bitstamp will always cause the opposite reaction making them to be easily manipulated.
Bitstamp is full of whales...