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Well

Bitcoin. Bulls might be strong, but 12750-13000 is stronger.TO BATTLE! A thousand nations of the Bagholder empire descend upon you. Their arrows will blot out the moon. Bull: "But the bulls have shown us how strong they are. Since the 6th feb the 15 minutes RSI has not dropped below 30 (29 ok...) A SINGLE TIME! We broke the downtrend we're out of the correction going to the moon" Warrior trader counterargument "See that well? THIS IS SPARTA!!!" I've held this idea for 1-2 weeks. I shall wait no more! We're finally going to approach my 13000 target. The bulls showed how convinced they have been. But the 12750-13000 area is going to slap them. Once we're here, it's time to close longs (congrats if you're in since 6000), and go short help that correction be quick. It's not 100% sure we go all the way to 12750 but if we get there it's going to be very interesting to start shorting. Posted my targets in the idea chart, but since we haven't reached a top yet, I'll have to make a new post when we get there for more precision. If you're not convinced that area is strong: Another reason for a drop at 13000 is that it's 0.5 retrace of the dump from 20k to 6k. We have to bounce there downwards. If we break 13k (approximately, and close above) directly without going down then we're going to 50k in the next 2 months. Or a whale is pumping hard. Another possibility for Elliot waves (EW don't really matter the result is the same anyway): +++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++
BITFINEX:BTCUSDShort
by MrRenev
1
HCN/WEL - Longterm H&S formation short from $67.47 to $54.20/$28HCN formed a beautiful longterm H&S formation. Money flow heading down. We think it has Long-term downward potential. To play this we would look at $47.50 January 2019 Puts currently $2.75 * Trade Criteria * Date First Found- November 27, 2017 Pattern/Why- H&S formation in weekly frame Entry Criteria- current price ($67.47) (hit November 28, 2017) Exit Criteria- 1st Target $58.20 (Hit February 1, 2018), 2nd Target $54.20 (Hit February 9, 2018) and Long term Target $28 Stop Loss Criteria- $60.43 (updated February 5, 2017) Indicator Notes- Very poor Financial ratios (P/C: 105.23, P/FCF:110) Special Note- Would look at $47.50 January 2019 Puts currently $2.75. Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:WELLShort
by AcornWealthCorp
EURUSD: Short Going well. Good spot to increase positions hereEURUSD This swing trade on the short side from 1.1893 kiss on the parallel is going well, so far. A neat pattern here, with a head and shoulders at the very top with an exact 200 pip downside target at 1.169 (met) and then a much larger, and more threatening head and shoulders forming over the following weeks with a downside of 420 pips from the neckline down to 1.124 minimum target, though this will take time to play out to consclusion. Right now EUR is testing old support, new resistance at 1,158 and should reverse lower from here again (good spot to increase shorts) and ride it further down (stops for new shorts need placing just above 1.1590). It should come back to the lower parallel quite soon and then make a good bounce before failing again. More as move develops.
Short
by sumastardon
1