Have been long, looking to add more. Hoping for a pull back to ladder in some orders.
Just a quick scalp attempt with decent RR
Longer term possibilities. Showing two different 12345 impulses down. 1.16 looks quite achievable per Fibonacci extensions, and quite normal to retrace to around wave 4 of impulse up. 1.12 is plausible, if US FED keeps hiking and ECB keeps stalling. All in all, I think EURO is way overpriced and need a significant correction
Interesting that BTC started the week right at the Weekly Pivot. Currently looks to be rejected from Weekly Central. So need to observe the price action as the other pivots are approached/ == If you are not sure what ''Pivots'' are, check this Guide, which has 2 other chapters linked within:
That was an aggressive wave 3. Wave 4 now working itself out, consolidation. Wave 5 yet to come. The sell stops resting above 10k are too tempting for whales. If they can trip 10k with a little force, it will cascade to 10.4k pretty quickly. I strongly suspect (and hope) the US market on Friday will hit the trip wire.
Currently looking like we are in a wave 4. So thinking one more leg down.
Based on the slightly higher top than expected, I have adjusted my entry zones. LTC has been liking the 382 fibs, worth noting for future consideration.
For me, this is NOT a good place to buy. The move up may well be DONE at the dark green 1.618 fib. But just wondering if ETH has one more push on Sunday. Monday is US SEC news, which will probably hurt it regardless. If SEC talks about ETH being a security, expect a massive sell off. So just wondering if sell before then, or wait for one last push up....
I think that LTC has completed, or is very close to completing an Impulse 12345 move. So am planning by entries. I am NOT sure retrace is coming soon, but am preparing. The ''1x''. 2x, etc, are multiples I plan to buy. I ladder in numerous small orders in those zones. This NOT the Monte Carlo strategy. Only meant for accumulating. If all three order blocks...
Just a quick analysis of short term possibilities. Took some profits in 9800-9950 range, looking to buy back in with those profits. I am still holding for 10.4-106k per my other plan
This is in follow up to my previous Post about Stop Hunts. Whales have now gotten two nice meals. After having digested a nice meal from couple days ago. But there is good news in the air, more krill on the way. Goldman Sachs will trade BTC futures. Reddit accepting BTC again. Perfect media coverage to push into next batch of stops. Would not surprised to...
Looking for a small pullback to go long. Micro 5-wave impulse looks done. Watching for ABC correction. This is a short term look at my longer term idea published here:
Not much of a Gold trader here. Just a Gold holder, always looking to buy more. Just bought a little more $1301.00 :) Couldn't resist the perfect support level and Fib confluence. Hoping to see at least 1318, then higher! Will post updates as price action develops.
This is in followup to previous trade posted here: Took profit at 1318 on last trade. Re-entered small long at 1311 Hoping for TP1=1320, T2=1325
RBNZ rate statement next week. Not a good time to look for long term positions. But scalps before then might be worth considering. I am expecting a bit of a bounce for such a long down turn. Already entered small (0.1% of account) longs in the green bar. I might enter more longs when ABC looks to be completing a little below. If I get entries that survive,...
Possible trade plan for NEXT WEEK. (currently Friday, not a good time to enter a trade). So this is posted just to observe action on Friday and the Monday will be possible entry watch. This is based on TA only, have been out of touch with Fundamentals. Looks like UK downtrend might be turning (USD in general). First EW impulse waves have had extended wave 5's,...
The question of 2018: Is it a BUBBLE BURST ? or just a CORRECTION ? Observations : Using a line chart (on close) eliminates noise. BTC routinely retraces to 786 in all time frames. This correction was a typical ABC (B=A*618, C=A*2.0) Bears tried twice to push ABC to full extension. Bears still might accomplish full ext to 6,000 at most. Conclusions...
I have been short since a we started dropping from the top. The end of 5 orders of magnitude of wave 5's was a clear top. GU may fall for another 3-6 months straight. But for now I am mostly out of shorts, wee bit still riding to 1.36 hopefully. Thanks to the fundamentals, we might have a little more room to the down side. This is a followup to the previous...