SEAN_VENGAN

BITCOIN WINDOW SHOPPING TIME & PRICE ANALYSIScurrent6060 21Oct17

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Remaining Neutral and Objective has allowed me to gain some clarity now on Bitcoin , so I will share my Time analysis (I rarely share) as well as Price analysis. So you get Time and Price today.

As you will see, from this UNIQUE ANALYSIS (I have noticed a number of authors "copying" parts of my work) that Bitcoin has been working in a series of WINDOWS, helping us determine tops and bottoms.

From this, we can forecast future resistance will be around $6,300-$6,450 and a date to watch out for being 7th November 2017. This APPROX date (don't be too rigid about this) may be a turning point for a top OR if we have a sharp selloff look for a bottom.

NOTE: It is not important that this approx. date gets hit.
What is important to be forewarned to watch out for it as a POSSIBLE TURNING POINT.
If it comes and goes with no event well ho hum we have lost nothing...

As we move closer to that date, if we see a more precise tradeable signal it will give us increased confidence and HIGHER PROBABILITY for a winning trade.

Sean Vengan
10+ Years Professional Trader and Trading Educator

REALITIES IN TRADING:
In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading.
We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal, over a series of trades, to be NET POSITIVE.
Ignore newbies who are uneducated in trading & investing and say "You were so wrong" (we as traders know, a loss is insignificant over a number of trades).
Each trade posted is YOUR FREE CHOICE, YOUR RISK MANAGEMENT and YOUR RESPONSIBILITY.
Always factor in "WHAT IF I LOSE MONEY ????"

DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.


Comment: If Bitcoin can get to around $5,300 be on an alert for a long trade...
Comment: We are now heading to 5350 and once this hits we have a SETUP.

Next step we are looking for a TRIGGER for a long trade.
Be patient and I will announce.

I am showing you how I PATIENTLY WAIT for trades, and wait for the Market to COME TO ME not force trades which inevitably lose money.

We have a setup now we will look for an actionable trade.

Comments

Sean, you post interesting ideas and great analysis (as confirmed by the many loyal followers/readers you have). Could you possibly (routinely) include five simple metrics in your analyses:
- Target Price(s)
- Stop Loss
- Current Price (as of date/time of analysis)
- Horizon Date (and/or indicators that could make you revise from original trade)
- Capital (to get sense of your assessment of risk/reward, and your level of confidence.

I think any (even halfway serious) reader will understands that a 55% or 60% 'hit rate' would be phenomenal. Readers/viewers understand that derogatory comments from 'post-event quarterbacks' people who dont publish their own analyses/trades cant be taken seriously.

In any event -- it's always good to read thru your reasoning (along with the graphs/screenshots) .....
+3 Reply
@LXXe, Hi @LXXe thank you for your excellent question.

I am going to save those answers to all those who I privately PM'd following their request to join me.
Reply
I guess you are right @SEAN_VENGAN because there will be price correction after the Segwit2X in November 2017.
+2 Reply
SEAN_VENGAN albertwt
@albertwt, ;)
+1 Reply
Ralebr albertwt
@albertwt, before I think...
+1 Reply
Interesting
+2 Reply
monitorr CryptoCobon
@CryptoCobon, Surely that wasn't the correction?
Reply
CryptoCobon monitorr
@monitorr, this what im doing and following my own
+1 Reply
monitorr CryptoCobon
@CryptoCobon, So basically waiting for wave 5 to go to another ATH. So your all in still?
Reply
SEAN_VENGAN CryptoCobon
Reply
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