BTC update 15.09.17 - don't be fooled by this volume spike
BTC is going down again very soon. I am shorting this for a few hundred bucks right now. If you watched my posts yesterday green wave 3 is completed and this huuge spike up is green wave 4 which will soon be completed.
In fact I am so sure about it, that I am risking 4 full position sizes right now. I don't do this very often..
There is not much more to say about it, let the chart speak for itself and be amazed when the real crash to panic low starts...
remember me when it happens...
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DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Tell me what you think...
Have a nice day :-)
I think I made a mistake here -.- right now BTC has completed a 5 wave impulse which is not what was supposed to happen. I think I misscounted it -.- This is likely wave one up. I can now only hope to get out in the correction sunday at 22pm when I can trade again. If not the loss could be much bigger then the 70$ earned earlier...
Only good thing is I will get it back trading the wave 3. It happened because the wave 3 of C was unusually short which made me think it is not a wave 3.... -.- I will make apost about it on sunday
In BCH and BTC the current wave 3 would be the shortest wave, which is not possible. So I could be right after all and this might still be a complex correction... We will find out soon.. stay tuned. If I am right it will crash this weekend...
stop is now 3685
I was stopped out with 70$ profit, but I reentered now with a smaller position over the weekend SL4500 again ;-)
Methinks BTC will kinda "hang in there" until at least midweek. The "soon to be" almighty dollah coming back to retest and probly take out the recent low at UUP 23.63. I'm also looking for the sexy VIXens (namely the queen of the VIXens, VIX) to trade to prices where they can be bought as longer term holds. Even my other "safe have"...U.S. treasury debt (especially longer term bonds as measured by TLT) signaled that the low on this 10 day chart is going to get taken out.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=tlt&x=54&y=4&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
The windup? I'm going to be working on being the first guy on the planet who EVER called "black" Fri within a few minutes of it actually happenin. :-) I think bitcoin will be revealed as the sheeeer fantasy it truly is "if" the major U.S. stock indicies crashed out for 20% on Fri...getting close now. The "major" missing link is the RUT (via IWM)...it was "sneaky" good this past week. I see a new high coming.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=iwm&x=30&y=6&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Thanx for the spew...
You gonna be ready? Ever dated a sexy VIXen for more than 1 month? Me neither...but this time methinks I can make it so that you can just hold on whilst she steals wallets from Greg "maalox" Mannarino's kittens. :-) Honestly though, dollah down, UVXY moved through my low end buy target (and we get to buy it even lower), DUST now beginning to drop, treasury bond rates rising...the guys at Goldman Sux handling all of those trading compooters...have I got em trained or what? :-)
Trained? Naw... they gotz A.I...... Brought Skynet on line
I edited this comment because it didn't make any sense any more because of recent developments...
IF BTC is not gonna reach 3875 again it is gonna crash one last time... Right now it looks good for my trade that I already had written off
helpfull post tnx for share it
Thank you. I am still shorting a lot right now. Is the correction over according to you?
I just joined thealliance, we will talk to eachother soon ;).
In my opinion one of two things is gonna happen soon: 3875 level is broken (very bullish) or it starts crashing around 22pm. (UTC +2)
I guess it is the bullish stance ? :)
We still need to confirm it imo.
Uuuff... are you using dynamic positioning? It sounds like your 4 positions are fixed. Big betting! Casino like. Crazy... with so much volatility, I can see why you are going for it.
I have a broker for over the counter BTC-CFD trading when an opportunity like this arises. I don't hold much real BTC at the moment.
Bitcoin is on a roller coaster ride!
@ew-and-patterns got you a $8.25 @minnowbooster upgoat, nice! (Image: pixabay.com)
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