Bitkingfx

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About me Full-Time Trader using a variation of Elliott Wave to trade Forex and Crypto. Early Bitcoin adapter and altcoin fanboy.
Joined United Kingdom. B1t_King
Time to buy back in BTC!
Markets Allocation
67 % cryptocurrency 33 % forex
Top Mentioned Symbols
BTCUSD 32% | 14 FX:GBPJPY 6% | 3 AUDNZD 6% | 3 OANDA:GBPJPY 4% | 2
Bitkingfx Bitkingfx STEEMBTC, 360, Long ,
STEEMBTC: STEEM/BTC - Looking great to start the next impulse up.
81 0 2
STEEMBTC, 360 Long
STEEM/BTC - Looking great to start the next impulse up.

We should now start to see money coming back into altcoins again and I think STEEM is ready to make the next impulse up. The idea behind STEEMIT is great and I can see the platform becoming more and more popular once it moves out of beta. I personally think that it will become a legitimate threat to Facebook and Twitter and will spearhead the next generation in ...

Bitkingfx Bitkingfx GBPJPY, 720, Long ,
GBPJPY: GBPJPY - Completion of corrective structure.
78 0 3
GBPJPY, 720 Long
GBPJPY - Completion of corrective structure.

Once we see the end of this current correction, I am hoping to see a continuation of the short term bullish trend to complete the pattern.

Bitkingfx Bitkingfx EURGBP, 720, Short ,
EURGBP: EURGBP Waiting for the next impulse down.
74 0 1
EURGBP, 720 Short
EURGBP Waiting for the next impulse down.

Another day another Elliott wave pattern.... It's only a matter of hours/days before we see the second impulse down after this current X wave correction. I am hoping it will look very similar to the first impulsive W wave. A break of the two blue trend lines should confirm this next impulsive move. Fractals and Elliott.... what a great combo.. Good luck ...

Bitkingfx Bitkingfx BTCUSD, D, Short ,
BTCUSD: Expecting a correction back to trend line, but then...who knows?
342 2 4
BTCUSD, D Short
Expecting a correction back to trend line, but then...who knows?

I am almost certain we will see a correction back to the trend line, we are seeing very clear divergence on the MACD which I simply can't ignore. Once we hit the trend line, it's hard to say at this moment in time, could we see another wave up or a deeper correction, time will tell and we should have more clues once price meets the trend line again. I will be ...

Bitkingfx Bitkingfx BTSBTC, 240, Long ,
BTSBTC: Bitshares looking like a great choice to invest back into Alts.
455 0 4
BTSBTC, 240 Long
Bitshares looking like a great choice to invest back into Alts.

With the excitement of Bitcoin cash over, we are now seeing the signs of money returning back to the Altcoin market. I really like the look of Bitshares and I've been hearing whispers in the community that a big buy back is due. We have seen a lot of lows hit on a wide selection of Alts and we should start seeing some big quick profit pumps returning ...

Bitkingfx Bitkingfx BTCUSD, 720, Long ,
BTCUSD: A BTC Story.. a lot clearer when we look at the big picture.
618 4 11
BTCUSD, 720 Long
A BTC Story.. a lot clearer when we look at the big picture.

Sometimes in life, we need to take a step back and look at the bigger picture, we get stuck on the small details and forget the path we are actually travelling down.. Zooming out to the 12h Bitcoin chart, we can see a very clear picture of where BTC is taking us. Perfect Elliot pattern and lining up great with our Fibonacci rules, I'm aware of the news this ...

Bitkingfx Bitkingfx BLKBTC, 60, Long ,
BLKBTC: Time to buy Blackcoin.
143 0 2
BLKBTC, 60 Long
Time to buy Blackcoin.

Its time.....

Bitkingfx Bitkingfx FCTBTC, D, Short ,
FCTBTC: Fractal Idea for Factom shows more downside.
126 2 6
FCTBTC, D Short
Fractal Idea for Factom shows more downside.

The great thing about Crypto charts is they are fractal by nature, if you're a fan of Fractals there are no better charts than Crypto to trade your theory. Just look at Bitcoin its a Fractal traders dream with Fractals appearing almost every month. I will have a future post on this soon. Looking at Factom we have a perfect Fractal trade coming up, lets see if ...

Bitkingfx Bitkingfx ZECUSDT, 180, Long ,
ZECUSDT: ZCASH could be ready for the next push up.
173 0 6
ZECUSDT, 180 Long
ZCASH could be ready for the next push up.

ZCASH is showing signs that its major corrective pullback is over, showing a similiar pattern to ETH we can expect to see a new Impulsive wave forming. I have marked on the chart my rough idea on where I expect price to go, use as a guide only. I will start accumulating small amounts today through to Sunday. Looking at mid to long term for now, so prepair to sit ...

Bitkingfx Bitkingfx BTCUSD, 60, Long ,
BTCUSD: Clear possibility for a Bitcoin short term wave trend?
400 6 7
BTCUSD, 60 Long
Clear possibility for a Bitcoin short term wave trend?

I'm thinking this could be a nice movement for Bitcoin over the weekend, maybe breaking the ATH? What do you guys think?

Bitkingfx Bitkingfx ETHUSD, 240, Long ,
ETHUSD: Ethereum on its way back up.
638 1 12
ETHUSD, 240 Long
Ethereum on its way back up.

ETH Looks like it is ready to move up, can't say whether it's a long term move or a short term though yet. It has confirmed it has finished the WXYXZ Downmove and is now starting some kind of correction pattern. It's too early to tell what type but I will initally look at at an A B C. For now I will look for longs, but will update if anything changes. Trade ...

Bitkingfx Bitkingfx AUDNZD, D, Short ,
AUDNZD: AUDNZD Wait for current corrective wave to complete.
77 0 1
AUDNZD, D Short
AUDNZD Wait for current corrective wave to complete.

We are currently seeing a small rally within a larger corrective structure, I want to see this move break the last corrective high (marked on chart) before we can start looking for shorts. We will then trade back down to the bottom of the corrective structure before looking for the final corrective large impulse up. Use my arrows as a guide only, follow the ...

Bitkingfx Bitkingfx BTCUSD, 240, Short ,
BTCUSD: BTCUSD Shorts still strong and valid.
347 6 5
BTCUSD, 240 Short
BTCUSD Shorts still strong and valid.

Looking at the strength of the last impulse down, I still think we are going to have at least one more move down. I won't change my perspective until I start to see some form of divergence on the chart. I will be looking for shorts and trading this down further. Trade safe. Bitking

Bitkingfx Bitkingfx GBPJPY, 60, Short ,
GBPJPY: GBPJPY Ready for another large down move.
156 1 3
GBPJPY, 60 Short
GBPJPY Ready for another large down move.

Been waiting on this move for a while... Take the break and trade the trade.

Bitkingfx Bitkingfx BTCUSD, 240, Short ,
BTCUSD: Bitcoin....Its Time
502 0 10
BTCUSD, 240 Short
Bitcoin....Its Time

What an exciting year its been for Bitcoin bulls, loads of new money coming into the market and the media seem to be finally supporting and saying very positive things about BTC. However, I think its time for a short term trend change and we will now finally start to see a decent downtrend. The 4H chart is showing a classic triangle correction which has followed ...

Bitkingfx Bitkingfx BTCUSD, 60,
BTCUSD: Looking to catch this next Bitcoin short.
150 0 2
BTCUSD, 60
Looking to catch this next Bitcoin short.

After the large impulse down, I am expecting a correction/pullback then at least a second impulse down. Wait for a confimed break of the trend before taking the trade.

Bitkingfx Bitkingfx SCBTC, D, Long ,
SCBTC: Siacoin Buy Opportunity.
354 0 5
SCBTC, D Long
Siacoin Buy Opportunity.

Catching some more Siacoin buys on this dip, healthy uptrend developing. Strong coin with great devs and road map. Mid to long term hold.

Bitkingfx Bitkingfx QORABTC, 720, Long ,
QORABTC: Buying into Qora coin here.
195 1 4
QORABTC, 720 Long
Buying into Qora coin here.

Seems like a perfect time to buy into Qora. Chart looks great and following my system is triggering buy signals. Invest within the buy zone if you can.

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