BTC consolidation pattern

8 de abr. de 2018

One possibility it is that BTC is forming a ABCDE correction.
I see a end of bull cycle on H1 today so that might confirm this hypothesis, let see what's happen next, this theory is invalidated if we break 7450.
A+

9 de abr. de 2018

Nota

It seems BTC is following the plan, we find a C point imo, i'm shorting it until we find a end of bear trend in H1.

9 de abr. de 2018

Nota

Hi
I put my SL on my entry 7050, because if we make a higher high here it will invalidated the scenario

9 de abr. de 2018

Nota

SL 6900 and PTP at 6660

9 de abr. de 2018

Nota

BTC is moving to fast for a triangle imo
a bear penant is more plausible
I take a PTP at 6660 and i will renforce my short a 6900 and re up mys SL a 7000

11 de abr. de 2018

Nota

BTC still searching "D" point imo. During "A" to "B" travel we have a pattern, fast drop/range/drop to the support and then go C. I am expected the same here. We are at the "range" phase, so i m waiting a drop today to find a correct "D" point in the targeted area where i will close 50% of my short position open on "C". Then i will increase my position at E point with bigger leverage in order to play the break down of this ABCDE.
That's my plan, but is it BTC plan? will see

11 de abr. de 2018

Nota

IT seems that wavetrend find the E point
I have increase my shorting position here Target 6000
I usual this is my plan, but is it BTC plan?

12 de abr. de 2018

Nota

Go deep?

12 de abr. de 2018

Nota

OMFG BTC is SPACEX
break up of the penant, no coment.... imo we are still bearish