Bullish fractal is forming. Ascending triangle. Bullish crossover of Fisher Transform. Expected to play out as per pink arrow.
Komen
⋅
Long now from 11050-11200. We should have one more touch of the ascending triangle support on the smaller time frames before we start our move up.
Dagangan aktif
⋅
Komen
⋅
Expecting leg up to the top resistance of the triangle very shortly.
Komen
⋅
Gearing up for a breakout of this small ascending triangle within the larger bullish fractal that will be the catalyst for the move up.
Komen
⋅
Circles highlight parabolic SAR flip on 15 minute chart, as well as fischer transform bullish crossover.
Komen
⋅
Break out of small ascending triangle. Stop moved to in profit. We will find brief resistance at the light orange line above; before breaking out to the upside with a great big green candle. This will take us up to 11,600-11,700 where we will again find brief resistance before an even bigger break out.
Komen
⋅
Ranging next 24-36 hours between 11,500 and 12,100. Heaps of opportunities for scalpers between these levels. After we finish ranging we move up again to approximately 12,200-12,300 for a short period of ranging before the next larger move up to high 12's.
Komen
⋅
One last leg up to come soon to form the double top.
Komen
⋅
About to see next leg up
Dagangan ditutup: hentian tercapai
⋅
Stopped out in profit (11,077 to 12,719 = min 14.82% profit on zero margin). Double top reached (albeit not quite as high as hoped). New idea coming shortly.
@coinzada, Thanks mate. Almost at the double top. One last leg to come. As part of the move up, we will wick back down to 12,800.
coinzada
⋅
@Butcher_of_Bitmex, It certainly looks that way. Did a study on this move vs the Jan - June 2017 move and they are eerily similar so far.
Butcher_of_Bitmex
⋅
@coinzada, Just hit low 12,800's - we will now move up from here!
coinzada
⋅
@Butcher_of_Bitmex, Could be, been watching this same chart for 28 or so hours..still liking it for a retest of the trend line.
coinzada
⋅
@coinzada, Obviously I drew it before any of the candles were there but I didn't see any reason to update it and pretend I was 100% spot on lol.
coinzada
⋅
@coinzada, (By any of the candles I am talking about the green line, the divergence was added much later (obviously ha.)
Butcher_of_Bitmex
⋅
@coinzada, Once we hit 13,600-13,900 we will definitely retrace to your line! I am predicting a drop to somewhere between 1850-3500 at the very lowest. This may or may not happen, but I am closing my longs from 13K upwards progressively. I will then reassess for sure if I am bear to the above mentioned amounts.
coinzada
⋅
@Butcher_of_Bitmex, there is actually an old level resistance level at 1300ish that was never tested in 2017. When I look at the monthly I could absolutely see this rally being a "B leg" of a larger correction resulting in new lows. In fact, because this rally has been so parabolic its actually made me decide to save some powder just in case that ends up being the case vs going all in in the $6-7k range.