Poll

What are your view?

I'm bullish!
2 (100%)
I'm bearish!
0 (0%)
I'm flat!
0 (0%)
I have no opinion, I always follow my friends on the chat.
0 (0%)

Total Members Voted: 2

Voting closes: April 02, 2032, 04:56:41 am

Author Topic: BTC/USD  (Read 667 times)

Inzider

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Here's the thread to talk about BTC/USD ONLY!!!
« Last Edit: July 25, 2018, 04:49:26 am by Inzider »
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Inzider

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Hi!

OK, here's my opinion.

I know the chart is a bit crowded, I tried to clean it as much as I can but in time you will see :
All lines have a meaning for a trader!

You can refer at the first post for a clean chart.



Here's the BTC story:

1-BTC makes 5 waves to get to 20k - helped by the boost of XBT future release at CBOE in december... = WAVE 1
2-BTC makes a 70% ABC correction - as usualy see in Elliot wave #2 pattern - basic stuff here = WAVE 2
3- BTC is about to break 10k, the famous 23% correction mark that would put it in bullish territory and start wave 3 - basic concept on market (23% level) = WAVE 3
4-Target of wave 3 is most of the time 1.618% of the wave 1.


A closer view on the subject :


 
Please refer to this post for more info about Elliot wave pattern or to this pics:
https://inziderx.io/forum/index.php?topic=10.0


My guess is that when BTCUSD will break the 10k with a strong close bar weekly or monthly, it will grind/break each fibonacci levels.
Each time it will break a fibs levels with a fake (+500$ over levels or more), it will test back the level and use it as a floor instead than a roof!

Keep in mind this is trading, and in trading everything works with pattern that have winning %.
Its hard to get more then 80% accuraty on a pattern.

So, please ALWAYS keep your money management TIGHT!
Because the 20% chance is always there.   

What is your Opinon ?
Let develop the subject together!
« Last Edit: July 25, 2018, 08:28:04 pm by Inzider »
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Inzider

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Update - Current analysis

BTC need to close over the trendline on weekly or monthly chart.
Until there, All long are risky and 4.5k is still a possibility.

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Inzider

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Working the same uper line trend line.

If BTC manage to close weekly or monthly over it and follow-up over 9k...
We could have a ride!

PIcture update :



« Last Edit: September 02, 2018, 03:55:18 am by Inzider »
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Inzider

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Another attempt (5th) at upper trendline !
Will that be the good one?



4k still a possibility but if BTC get over 7.5k again, chance are that we visit 10k before.
This is more a investment perspective since BTC wont be bullish until 9k break.
A trader would just short the resistance with approriate SL.

The trend is your friend until it end!
« Last Edit: September 21, 2018, 06:36:38 am by Inzider »
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Inzider

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Well.. unfortunatly BTC haven't been able to rise over 7500$ USD and have then crash to the 4k handle.

Looking at chart, BTC would be in bullish territory if it can close monthly over 7500$ - 23% correction from top.
Until then, the full 88% correction form top is the next target down : 2413$ - then 1200$.

Let's not be blind.
BTC is taking a real hit, wasing all weak hands and more.

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Inzider

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Monthly close and push would make btc bullish - but I cant stop to see that 2k target... Let see.

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