As the EDT Count is still viable , but is enfolding much slower than was once projected, we will use this EW-Approach to the BTC-USD pair linked below to seek an entry for a short to the 9k area in what is assumed coming and forming the 3EDT new low......
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red line trail SL or as well entry level at 10730 for a free trade...
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SL 10560 in the +zone
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SL adjusted to 10080 - take profit at 8.9 k or SL at what is assumed as the preliminary ii''-iv'' line when v'' already running
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As we like to show possibilities of price behaviour and give room to individual decision-making as a sign of self-responsibility a trader persues to learn:
For those not wanting to get caught in the act (taken out too soon by greed) by a scenario of a deep b''' of iv'' running and a c''' breaking the red line SL one may trail the SL with this orange Line and set the SL to 10450 now...
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if you are satisfied with the result of this your masterful trade from 10730 to 9400 you may also take already profit here for just another winning trade of 14%
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15min . should be the v' running: we go hard trailing here, with dark red line steep SL trailing set to 9360 follwing the ii''-iv'' of v', Take profit at 8.9k
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actual SL 9270....almost done...we do not let get him away with anything now...new low of 3EDT is in...at least at Bitstamp Chart
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stopped out with the dark red "trail me hard,now,trady-blue"-method...at 9270 from 10730 for a winning trade of 15.7 %...
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let's see if the orange trail SL will find the 8.9 k TP-Zone...
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OK. tat was it...orange line trailing actually gave us the 8825 and we went out of the Trade- Nothing more to wish for : Take Profit Target reached ....
great call again, you thik we still will dip a bit further ? unfortunatly i didnt catch the dip....
buergernamebenutzenistillegal
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@creck,Thanks for the appreciation. we like chart analysis in general and the way we do it here as traight edge EW, naked, no indicators, just lines and Fibs,particularly... that is what provides these kind of calls...the beauty of fractality itself...
yes...i do tend to agree with your outlook-> and that is why: the bitfinex x-cange did not yet break the "red line of horror" from my previous big pic charts or even made a new low as the Bitstamp and other x-changes variingly did ...I thus tend to see BTC continue to fall a bit more to maybe find support in the 8.5k region which is a "demand zone" of bigger proportions...I see it as a matter of chart eqality and just for the overall interchangeability of the chart data ...charts must somehow provide the same (count) picture,information,differing only in the ways they have gone there...
ohabu
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good call! thank you!
buergernamebenutzenistillegal
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@ohabu, thank you for appreciating our calls...we tend to collect profitable calls here and traders who appreciate such...