LONG 3 Bollinger Bands and elliot waves count on long term trend
Elliot waves:
_ bull run wave1 - to 3k (June 2017), wave2 - down to 1k8 (July 2017), wave3 - up to 5k (August 2017), wave4 - down to 3k (September 2017), wave5 - up to 19k5 (December 2017)
_ correction waveA - down to 6k, waveB - up to 12k, waveC - down to 6k (end of correction)
Notice that during the bull run (wave 1 - 5), up waves lasted ~ 1.5 - 2.5 months, and down waves lasted about 1 month, while the opposite applies during correction waves A - C, which further clarifies the Elliot waves.
Bollinger Bands:
_ previous bar closed above 20 periods moving average (orange)
_ price is still on the upper part of 100 periods bollinger band .
Bonus MACD:
_ MACD crossed signal line upward
What you can expect:
_ we've finished wave1 and wave2 of btc -0.95% (of a bigger scope than described above), you can expect 5 more waves up (of the same scope described in the Elliot waves part) followed by 3 more waves down, then 5 more waves up and it will be the end of the major bull run. However, remember that Elliot is objective. These expected waves are just a scenario that can play out, it'll certainly be twisted in some way base on the majority's mood.
Some bonus advice from me: (skip this if they aren't what you look for)
_ Another thing to note is that when you trade, don't try to predict the future because you cannot. Find entry point at which you lose 1 or win 10 if you are wrong/right, which is quite is easy to find in a market as volatile as crypto currency. Keep repeating those bets and you will win on balance.
_ Do not go "all in" (or whatever you call it). It's better to stay alive to fight another day.
_ During those bets, if you are right, sit tight. CUT LOSS SHORT AND LET PROFIT RUNS not CUT PROFIT SHORT AND LET LOSS RUNS. Remember, you don't have to be right all the time, but you have to sit tight every time you're right. One common fatal mistake is that you enter the market on (for example) daily chart, then exit on the hourly chart when the price fluctuates and miss the trend.
_ Never listen to what others have to say, those so called "professional analysts" you find on the internet providing services for a few hundred dollars are all scams. They provide those services to make money, that mean they can't make money themselves trading with their abilities. If you've read to this point, ignore what I analyzed above this too. All analysis you can find on the internet are either scams or scraps.
_ Finally, even if you find this helpful, you don't have to subscribe me. I normally don't publish any of those "technical analysis". I arbitrarily publish this today, and will probably never publish another one.
_ bull run wave1 - to 3k (June 2017), wave2 - down to 1k8 (July 2017), wave3 - up to 5k (August 2017), wave4 - down to 3k (September 2017), wave5 - up to 19k5 (December 2017)
_ correction waveA - down to 6k, waveB - up to 12k, waveC - down to 6k (end of correction)
Notice that during the bull run (wave 1 - 5), up waves lasted ~ 1.5 - 2.5 months, and down waves lasted about 1 month, while the opposite applies during correction waves A - C, which further clarifies the Elliot waves.
Bollinger Bands:
_ previous bar closed above 20 periods moving average (orange)
_ price is still on the upper part of 100 periods bollinger band .
Bonus MACD:
_ MACD crossed signal line upward
What you can expect:
_ we've finished wave1 and wave2 of btc -0.95% (of a bigger scope than described above), you can expect 5 more waves up (of the same scope described in the Elliot waves part) followed by 3 more waves down, then 5 more waves up and it will be the end of the major bull run. However, remember that Elliot is objective. These expected waves are just a scenario that can play out, it'll certainly be twisted in some way base on the majority's mood.
Some bonus advice from me: (skip this if they aren't what you look for)
_ Another thing to note is that when you trade, don't try to predict the future because you cannot. Find entry point at which you lose 1 or win 10 if you are wrong/right, which is quite is easy to find in a market as volatile as crypto currency. Keep repeating those bets and you will win on balance.
_ Do not go "all in" (or whatever you call it). It's better to stay alive to fight another day.
_ During those bets, if you are right, sit tight. CUT LOSS SHORT AND LET PROFIT RUNS not CUT PROFIT SHORT AND LET LOSS RUNS. Remember, you don't have to be right all the time, but you have to sit tight every time you're right. One common fatal mistake is that you enter the market on (for example) daily chart, then exit on the hourly chart when the price fluctuates and miss the trend.
_ Never listen to what others have to say, those so called "professional analysts" you find on the internet providing services for a few hundred dollars are all scams. They provide those services to make money, that mean they can't make money themselves trading with their abilities. If you've read to this point, ignore what I analyzed above this too. All analysis you can find on the internet are either scams or scraps.
_ Finally, even if you find this helpful, you don't have to subscribe me. I normally don't publish any of those "technical analysis". I arbitrarily publish this today, and will probably never publish another one.