i have been shorting bitcoin for quite a while, and there came a time where i got confused, reevaluated my analysis and now i have high confidence that we MIGHT witnessed a bottom in bitcoin and we probably might not come back to these areas, enough of opinions trading the bitcoin, go long and this time HODL stop loss is the bottom, im done labeling BITCOIN but...
a long term chart, ill just make it very quick, the correction for the top to the bottom, was a ABC correction bigger than any other correction since the start of the bull run in 2015 which leads me to believe that this ABC correction was a wave 2 of cycle with a top wave one at 20K bottom wave 2 at 5800. WAVE 3 AT THE MINIMUM WOULD HIT AROUND 25K IF IT WAS...
BITCOIN IS IN A DOWNTREND, I THINK EVENTUALLY BITCOIN MIGHT GO ABOVE 20K AND MAYBE MORE, BUT NOT NOW, THE DOWNTREND HAS TO TAKE IT COURSE AT THE RIGHT PRICES THE REST OF THE WORLD WILL JOIN THE TREND. INVALIDATION TRADING ABOVE THE HORIZONTAL LINE
FINISHED ABC CORRECTION OF WAVE 4 - NEEDS CONFIRMATION HEADING WAVE 5 SOUTH
I POSTED A CHART AN HOUR AGO, STATING THE BITCOIN PROBABLY IS DONE GOING DOWN, SINCE THEN I GOT HESITANT AND I MIGHT MISSED WAVES 4 AND 5 THIS CHART ILLUSTRATES THE WHOLE PICTURE TRADING ABOVE THE FIRST HORIZONTAL LINE AT APRROX 9100 WOULD BRING ERROR TO THE ANALYSIS, TRADING ABOVE THE SECOND LINE WOULD CONFIRM THAT WE MIGHT HAVE HAD A BOTTOM
I THINK, ITS DONE GOING DOWN STOP LOSS BELOW THE BOTTOM
ETH FINISHED WAVE 4 AND FINISHED WAVE 1 AND 2 OF 5 SO ETH IS IN (3) OF 5 INVALIDATION TRADING ABOVE THE HORIZONTAL LINE "There is only one side of the market and it is not the bull side or the bear side, but the right side." - Jesse Livermore
STILL A SHORT TRADE ALTHOUGH IT BROKE THROUGH THE PREVIOUS HIGH AND MADE A NEW HIGH ENDING DIAGONAL ABOVE THE LAST PEAK
GO LONG WITH A STOP BELOW THE HORIZONTAL LINE, VERY QUICK TRADE HIGH RISK TRADE BEWARE NOT FOR AMATEURS AM ASSUMING THE WAVE ONE FINISHED CORRECTING TO WAVE 2..!! HIGH RISK HIGH RISK HIGH RISK STOP STOP BELOW HORIZONTAL LINE
DXY IS ALMOST DONE, AND WILL RESUME THE BULL RUN WHAT EVER INSTRUMENT YOU ARE TRADING, ONE HAS TO EXTREMELY CAUTIOUS, INITIAL ADVANCE WILL BE RAPID IF YOU DO NOT HAVE A CLEAR SELL SETUP FOR ANYTHING AGAINST DXY WAIT FOR A CONFIRMATION THE TREND DXY WILL BE LONG INValidation horizontal line
GOLD BOTH SCENARIOS THAT MIGHT PLAY IN THE COMING DAYS WILL LEAD TO LOWER PRICES IN GOLD PREFERED SCENARIO - GOLD WOULD NOT MOVE ABOVE THE LAST PEAK FIRST ARROW AND WOULD CONTINUE TO FALL FOR QUITE SOME TIME (60-70$) AT LEAST ALT SCENARIO GOLD EDGE UP HIGHER TO THE SECOND HORIZONTAL LINE 1340 AND START TO MOVE DOWN (60-70$) INVALIDATION TRADING ABOVE THE PEAK 1345
A WEEKLY CHART OF THE GREENBACK. I BELIEVE THAT THE GREENBACK BULL IS BACK. FINISHED WAVE 4 HEADING FOR WAVE 5 I WOULD AT LEAST EXPECT IT TO HIT 102 IN THE UPCOMING WEEKS INVALIDATION TRADING BELOW THE HORIZONTAL LINE. P.S NEWS IS EXACTLY THE OPPOSITE OF WHAT'S GOING IN THE CHART ONLY ONE WOULD BE TRUE. GOOD LUCK
FINISHED WAVE 1 OF 5 OF C REBOUND WAVE 2 LOOK FOR A SELL SETUP STOP LOSS WAVE 4 (C) ABOVE THE PEAK GOOD LUCK
FINISHED WAVE 4 HEADING SOUTH FROM HERE INVALDATIONS TRADING ABOVE 12800 LOOK FOR A SELL SETUP WTH A STOP ABOVE 12800 MIND PLATFORM PRICE CHANGES GOOD LUCK
FINISHED WAVE 4 HEADING SOUTH TO FINISH WAVE 5 OF C TRADING ABOVE 12800 WOULD (((invalidate)))) the above mentioned