ETC/USD bullish Butterly - trying to catch the bottom

30 de mar. de 2018

Butterfly pattern is forming, or maybe already formed?
Realy hard to say. So i set up the white stopbuy for the case that it´s already triggered and looking forward reaching Target 2 of butterfly ( C to D *1.272 => around 15.4$)
purple W4 overlapped with W1. Nothing special in an Wave5.5.5.
Also closingprices didn´t overlap until now and it could be just noise.
Still i would be realy happy to get an entry in the green buyzone.

30 de mar. de 2018

Nota

30 de mar. de 2018

Trade ativo

market is very volatile. one of the long upper shadows triggered a stopbuy. Imo to early, still want to buy lower too.

31 de mar. de 2018

Nota

I think we can call the Butterflypattern valid,nothing is perfect and ButterflyTarget LVL 1 hit very well.
White Trendline broke at the expected time, buyed more.
Head and Shoulders Pattern formed. and the Oscillators show convergence with price which is a bullish sign (Insync Index).
We had a strong bullish Impulse in the last hours, so i don´t think the turquoise parallel channel make much resistance.
Next strong resistance i see at around 15.2-15.25 where the H&S Target is according Bulkowski measureRule and the Low of a higher Timeframe Wave.
My sentiment is bullish and would maybe change if we break the orange line to the bottom.

31 de mar. de 2018

Nota

Bullish momentum for a Trend Change missed out. I don´t think H&S Pattern and Butterfly Target 2 will get hit. We are still in sideway(abit bearish).
Orange Trendline broke(close<trendline). I think it was in a metatrader Article where I read about enhancing the Trendlinebreakstrategy-performance. It was said that false Trendlinebreak-signal can be reduced if the oscillators show a hidden divergence(oscillator lower lows, price higher lows) at the anchorpoints of the Trendline(green line). I not tested it extensively, but it looks like that is rigth.
So my bullish optimism is gone. My overall position baseprice is 14.25532567 atm. Setting Stoprule to Close<Orange Trendline won´t be a loss. If market realy goes up, i will reenter.
Take profit and changing postion to short if price touches 14.6.
If market goes more down I will look out for a ButterflyPattern again and hope to not miss it this time.

31 de mar. de 2018

Trade ativo

It´s getting tight. Many ABC Waves and Triangles... Impulse inc.
So i took Profit with Long and I am now in Profit with SHort.
adjusting long stop to green if alternativ purple count is rigth.
Still Close below orange Trendline is a Signal(sell more).

1 de abr. de 2018

Trade ativo

Since last update Take Profit of Short was reached.
First long Entry was at Butterflyzone. Since then i am increasing my long position.
We are at a multiple tested Trendline. If that one breaks I am absolute out.

2 de abr. de 2018

Ordem cancelada

I am long at 13.43.
Chance for a higher degree change to bullish market increases. We broke the turquoise and yellow trendline.
Testing the purple W1-W4 trendline and the low of 18.march.
Next resistance will be low of turquoise W3.

It was a nice Easter period ETC/USD trade series without any loss. Since Forex markets are coming back online again now after weekend I will stop watching 15minute Timeframe. I will set my Stop to break even and will just look from time to time.

Good bye