I had to cover my shorts at a loss of about $300 per coin. Not good. But it looks as tho prices will move a little higher. I may try my hand at some longs at each of the MM lines up 3/8ths and 5/8ths. But nothing loner than a few hours at a time. 90 - 95% of the long move has been had on this wave and I await $7815 and $8130 to establish more shorts for...
In the previous chart I was discussing the need for the market to return to retest this key support line. Now that it has occurred.... only two options remain. 1) rally to the target zone .078 2) a break down and stop out. .037 Well hope its the 1st option. Good luck. PM, with any questions
Small medium term coverage on the NEO BTC PAIR. Price targets say it all.
As has been my theme for many weeks, we are looking to make a top. It keeps gettiing pushed higher and higher. Currently these are my targets. One could be long into these targets, taking profits on each surge to be safe, we are near a reversal. PM if you have questions. Thanks, Urban
In this alternate path, BTC holds on a little longer before a swan dive discussed in the previous chart.
BTC IS ON THE ROPES. IT HAS BROKEN 5-6 SUPPORT LINES , AND HAS ONE LAST SAFETY BLANKET - THE 264 DAY SMA ( SIMPLE MOVING AVERAGE ) I HAVE SET UP A SHORT AS INDICATED. ITS ABOUT A 50 / 50 CALL FROM HERE AS BTC IS SAFE WHILE ABOVE 7500 BELOW 7500 ITS IN MAJOR JEOPARDY OF BEING SHORTED TO DEATH. MY NEXT TARGET IS NEAR $6300 OR SO. SO JUST A SMALL WARNING...
BTC Has been a bull. Been resetting shorts, for the whole day. She may want to keep going higher, but until she does, the traders are scared. And the shorts are easy. Stop out over on any new highs. Short now 7795, cover 7368. Easy $427 per coin.
Btc shorts were stopped today at 7500. They were just reset. Stops here will be about 125 points above the old high or at 7925. Cover targets are currently $6900. BTC continues to surprise in strength. Chart patterns are all pretty accurate, but the length of the impulse waves are longer and stronger, and all extended. All the pull backs are shorter ,...
BTC Strength is slightly stronger thus far, and moving to sideways. Sideways is not down. I have had a few successful shorts today, playing this mornings numbers, but I keep having to reset higher and higher. Currently have a slightly updated wave form. Looks like we are just about to finish up a small Elliot wave 4. That will lead us higher to $7499....
This is a review chart of yesterdays forecast. The day chopped side ways and ended slightly higher than the target. At nearly 7300. The lows where forecasted too low for the day. But did contain price activity. They may have served as good stops, but I apologize they were not much good as entry points. In any case. General wave structure, wave count, and...
The bitcoin market - BTC has just retested its near term peak. The high at $7300 looks to stand for many months to come. Price heading lower, bottom target just above $5000 for this wave. Subsequent waves can drive to $4000. If you have questions, please PM me. This is an easy tradeable short. Stop loss the old high of 7800. Use caution with any prices...
Bitcoin project to spend the majority of the day chopping sideways, to end the day with a higher upward price that leads to a peak to the rally at 7168
Hi Guys, here we have a possible London-Breakout. At the top we have a Major H4 Murrey Line, same at the bottom. Due to the fact, that the gbpusd made new higher highs yesterday, there is a good chance, that we might break this resistance with the help of the tight asia session.