BTC : The Bearish scenario . Im still Bear trading like Bull :)
In a very long term im really really bullish about BTC. First we just have to sweep the weak hands from the market for it to thrive. So what we have now is still mearly a retracement from 11700 levels from beginning of march. Nothing has proven otherwise. Yet it's also possible that we indeed are free from the bearmarket. Eventhough i believe we are under 5k before summer ends i dont trade because it's not TA and i trade only by TA. So now im bull. As i previously published, i moved to long position from 9400 accepting a small loss from my short position. Because im not a gambler, im closing my Long position in option 1 and then going short if market clearly starts going dont. If it goes over 10200, im entering Long again to 10400 which may sound very small percentage but why risk when there's still too much uncertanty. After closing the long position 10400 if it reaches there, i will enter new short position probabaly under 10k . Well just have to see that after it.
Then to this chart:
We have obstacles to go over 10k. We have a triangle (green roof or turqoise roof, both possible roofs depending where this last wave will ride) which is in my opinion descending but some may say it's symmetrical. To me it looks bearish either way. Then we have 200MA which acted as roof before and acts as a roof now. That 200MA happens to be the lower roof of my triangle too which i think is not coincidental. So obstacles to overcome.
Ill keep updating this. Give comments and i appreciate your likes!! :)
Then to this chart:
We have obstacles to go over 10k. We have a triangle (green roof or turqoise roof, both possible roofs depending where this last wave will ride) which is in my opinion descending but some may say it's symmetrical. To me it looks bearish either way. Then we have 200MA which acted as roof before and acts as a roof now. That 200MA happens to be the lower roof of my triangle too which i think is not coincidental. So obstacles to overcome.
Ill keep updating this. Give comments and i appreciate your likes!! :)
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Sorry bout the typos :)
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And very bad english. God! :)
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Oh yeah! Closed my long. Now let's follow this for a while and see next entrypoint. Short or long
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We ended the 3rd subwave of our 5th wave (purple). So we are currently witnessing subwave nro 4 of this 5th wave which should reach approximately to level 9400-9500. There i will enter long again and place stoploss at 9200. And again i will target 9900-9950 level because there is now guarantee that the 5th wave and its 5th subwave wont trunkate. If it fires clearly through 10k, ill consider going long again to target 10600
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Goddam typos! I Meant no guarantee not "now guarantee"
:)
:)
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Oh yeah. Closed my short at 9509 and waiting for it to hit 9450 and entering long from there
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And now im long :)
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Im totally nailing this this 5th wave! :)
It's very possible for us to trunkate this whole 5th wave at 10k and thats why im closing my long at 9950 again as i did before. In green you see the subwaves of this 5th wave (purple). So now we are in 5th wave of this 5th wave and im uncertain that it will pass 10k so thats why im out at that point and enter short when the time is right for the big retracement. Ill keep you guys updated. Im on fire!! :)
It's very possible for us to trunkate this whole 5th wave at 10k and thats why im closing my long at 9950 again as i did before. In green you see the subwaves of this 5th wave (purple). So now we are in 5th wave of this 5th wave and im uncertain that it will pass 10k so thats why im out at that point and enter short when the time is right for the big retracement. Ill keep you guys updated. Im on fire!! :)
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To options now:
1. 5th wave truncated sooner than i thought
2. My wavecount was incorrect.
If option nro 2 then this should be the correct one. I will enter short below 8800, not before that
1. 5th wave truncated sooner than i thought
2. My wavecount was incorrect.
If option nro 2 then this should be the correct one. I will enter short below 8800, not before that
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Ps. Im still long cause my stoploss didnt trigger. 3 dollars lower it would have :)
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Exitted my long with almost 0 loss this morning after it went back to 9400 CET. its getting clear that 5th way truncated as i predicted. BUT it truncated way way sooner than i thought. I have no position at the moment and i will not have position until we are going back up with wave B over 9k. I see us now in A-correction wave and going just slightly under 9k. 9150 also possible target. We will see. Anyway ill draw new chart tomorrow when all is clear :)
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So it seems that we are currently in B-wave and it should rise to 9600 (9800 at max) and from there starts the C-wave which im bout to short. I will enter short position when i get confirmed breakdown from that bigger channel.
So it seems that we are currently in B-wave and it should rise to 9600 (9800 at max) and from there starts the C-wave which im bout to short. I will enter short position when i get confirmed breakdown from that bigger channel.
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I got comment about my main chart where there's large ABC correction going on 4k. You can also mark it as WXY cause that's what it will likely be. Just marked it to ABC for it to be easier to visualize. Also following that WXY (yellow ABC in the main idea chart) will be WXY going upwards and third going downwards. But its going to take time. We are not done until july.
