Waiting for pullback, keeping an eye on two levels
Just a quick idea to throw out there and see if it plays out at all. Not at all confident of this, but wanting to see how it plays out after the Tether FUD
Just a quick guess as to next short term move
Overall VERY bullish. But if there is some FUD tonight, I can imagine a correction as per above.
Yesterday's consolidation at the top looks almost exactly the same as Today's. So copying that area, and adjusting proportions, the projection arrives at $8400 on Tuesday. BTC history may not repeat, but it rhymes a LOT, lets see if it feels poetic over the next 24 hours.
Possible BTC pennant forming, may project another $400 on new money Monday?
Closed my longs thus far. Looking to renter in the 7850-7900 range Will look to TP at $8300 or so
Following up to my previous ETH ideas. This one after nice climb and then serious retrace (786 fib of the spike). Look to tp around $370
In ETH long per my last trade idea for ETH. Trailing stops now, but wondering if I can hold out until $360 - ish.
Looking to catch a long around $112.00, depending on risk sentiment at that time. Risk-off recently, so it should come down to 112, question whether it will show a reversal pattern there.
I did take a small long at $328 as per previous plan. Closed that small profit. But looking for next two levels for more gains.
Looking for ETH to dip into 325-327 for next possible long position.
Plan for entering longs to ride until $13k: I currently see this dipping down to $5k possibly. Eventually I am confident of $13k as the next peak. So this is a possible buy-in plan to ride it up to the $13k range. BTC (and humans) seem to really like the .618 fib retrace. The last EW 12345 ended at about $5k, dropped to about $3k, but more accurately the ...
This is my most optimistic view currently (also working on a pessimistic view next). I am expecting continued buying into the mid-Nov fork. Additional motivation from CME announcing BTC futures to be traded by end of year. Through end of 2017 and into early 2018, I expect the CFTC to announce rules regarding BTC as a commodity. Then the SEC will be able to...
Unbelievably, BTC seems to be replicating Elliot waves (very simplified view). The last two 1-2-3-4-5 waves have been nearly identical, only with a more shallow (IV) than previous. So the shallower IV might mean a taller V, or extended V, which could fill unknown grey box until Fork. After Fork, I expect a substantial pullback, more so than after the BTG...
Expecting a strong dip and then strong rally before the fork mid-Nov, then a BIG crash after that. Let's see how it goes
BTC seems to be replicating Elliot Waves this year. Chart shows last EW 12345 duplicated and ending at $6200. Then, the ABC retrace replicated seems to end at $4150. BUT, see the relevance of the 15th day of every 2 months, which have lead to the last two ''crashes''. Interestingly, November 15th lines up with the upcoming SegWit2x fork. In theory, people...
The previous 1-2-3-4-5 wave seems to be duplicating almost exactly with this time. The 1 and 2 waves so far have been virtually identical to the previous. So if the the waves also replicate, we have a road map to $6200