AlexCH

BTC/USD - Should 8K Not Hold, Target $7300 Short Term

BITFINEX:BTCUSD   Bitcoin / Đô la
I have decided to post this as a separate idea to keep track of the candle formations in the future.

- This is a 15 min chart.
- In my opinion, we are ready for wave 5 down
- Fib target is $7300

How are you guys/girls counting this if using EWP?
What do you guys/girls think if we don't apply EWP?
Where do you guys/girls think we are in the bigger picture?

Are you guys/girls bullish or bearish for the days to come??

Share your thoughts :)

**Repost with indicators removed
Bình luận: If btc close above $8600 I will remove all short positions and stay cash until the market shows me a clear direction.
Giao dịch bắt đầu: If we reach $7.3K I will add more capital to my long term portfolio - via coinbase.

This will be the buy and forget portion of my portfolio and I will not care if it drops to 5K. I will simply buy more at that time.

*Again, I am not talking about my day trading positions. This buy will be for long term.
Bình luận:

4 & 6 hr chart closed with bullish dogi.
we can potentially long considering 8k resistance of short was met. we can now long with the trend with a tight sl should the 8k resistance cannot be broken.
Đóng lệnh: đạt mục tiêu: 8K did not hold. Post came to fruition.
Bình luận: Will update future thoughts on btc as a separate post.
At $7300, I am market neutral.

I am not bearish. Nor am I bullish. I will sit on cash and wait for trend confirmation.
Bình luận: Should 7K not hold I don't see support until .786 ret @ $5K
Bình luận:

Next few hours is very important.
This is a 30 mins chart and we have an inverted hammer forming.

Stay on the sideline and wait for confirmations. Or else you're gambling on luck, which is an awful strategy.
Bình luận:

Closed red
Bình luận:

Closed with another red.
leaning towards 5K now. Still want clearer confirmation before I enter any positions.
Giao dịch bắt đầu: Please refer to this post

Bình luận:

I am still not trading until I see a clear trend.
Bình luận:

shooting star forming as we approach EMA50 on 30 minute chart.
I see no reason to rush in the market. Still waiting for a clear confirmation.

I am not trading today (yet).
What platform are you guys all shorting on?
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AlexCH jamesaphoenix
@jamesaphoenix, i use the controversial bitfinex
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Blood in the streets anyone?!?
+1 Phản hồi
AlexCH S252512
@S252512, we are counting profits here
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S252512 AlexCH
@AlexCH, Oh no, I know, laughing because everyone is freaking out due to the massive/sudden dip. I buy when everyone turns sellers. Sadly the only thing I can do is go long. No shorting option on Binance :( :(. Would love to short this market while its in bear mode. Hopefully we'll bounce soon and I'll watch closely to see if we turn sideways again for another lower low. Keep up the great work man, follower here
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Your prediction to 7300 was spot on!
+1 Phản hồi
@pmos, Not the first time my friend :)
+1 Phản hồi
Hi,where do you think we are going now? We already fell from EMA200 daily and RSI less than 25 (Bittrex).
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boom
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MrRenev JoaquinRodriguez
@JoaquinRodriguez, 11 red 4H candles in a row wtf? Has this happened since MtGox? BOOOOM!
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