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
Short-btc
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...