BTC/USD ABCDE Part 2
Updated
Test
Redundant idea with arcs/arrows for clearer idea?
Waiting for Entry Point Below...
Redundant idea with arcs/arrows for clearer idea?
Waiting for Entry Point Below...
Comment
It can be difficult to look at the market only to sit and wait. We must remember that waiting is a move and it is not executed enough for many traders -- especially impulsive ones. A fool and his money shall soon be parted...Comment
Be a lion not a sheep youtube.com/watch?v=tm_inL7pPH4Comment
Waiting for Buy in. Trend line touched like clock work. Now the funny games begin. Keep it simple...Comment
2, 3, and 4 hour show bullish divergenceTrade active
I'm LONG at $7985Comment
Exhibit A above us noting a head and shoulders 9HR TF on GodmodeTrade closed: target reached
Right shoulder about complete. I must sell despite my wish to hold longer.Comment
Waiting for long entry again lower if H&S fully realized plays out on GodmodeTrade active
SHORT 8175Comment
The head and shoulders is nested in a larger inverse head and shoulders pattern. s3.amazonaws.com/tradingview/snapshots/u/uj2YLY4C.pngComment
When I short I begin at a price interval and if I'm pulled up in price I keep shorting in small increments. This is similar to DCA dollar cost averaging. I usually don't blow my whole wad at once basically. I only figured this out over time that it worked better for me. To each their own. Now my shorts are ranging all the way up to 8300 or the top of this price action we've had.If I wanted to I could cancel everything and be in profit or with little loss if it drags me up. Currently I plan for any pullback to be short lived and another long op.
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Wave B finished according to future model I had built on RSI/EMAComment
First short target hit. Second target above ^Trade closed: target reached
Short TP2 Reached Looking for Long NowTrade active
I'm LONG 7600Comment
Bear flag formed $6983 is target of flag pole - Everyone's waiting for $7200-$7287. Will they get it today? Maybe not... s3.amazonaws.com/tradingview/snapshots/n/nbnz5cWN.pngComment
Slightly off placement s3.amazonaws.com/tradingview/snapshots/r/R59fU7YJ.pngComment
On 15min BTC wedged between the support s2 and s3. Pivot above is $8,156.73The most important thing to note is how oversold we are on the 3 hour time frame. There is room lower for a drop to 71xx but that's it that I see currently. I will be buying more until we reach AT LEAST the pivot @ $8,1xx
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I will continue to add to my long.Trade closed: target reached
$8193 reached taking profit hereTrade closed: target reached
TP2 8400 reached TRADE CLOSEDComment
Almost every short just got pwnedComment
Shorts without stop - You're A Dead Man youtube.com/watch?v=8gAgVtfZsIY&list=RDtm_inL7pPH4&index=10Comment
Area to watch is $7,800 I will buy this if we dump fast.Comment
This is interesting so we have the bear flag target made at 69xx and we have this bull flag target at 97xx. The exact measurement of what looks like an ugly bull flag is $9720. If you are NOT on margin that is your target.
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Also, if you measured the drop out (dump) below the point D on the diverging leading diagonal we had to $7300 and placed it as a blow off at point E you would receive $9720 give or take $30.Trade closed: target reached
Late to update. Better late than never. $9720 bull flag target reached.
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