BTCUSD Corrective Count (H4)

29 Jan 2016

Based on the reverse divergence on the D1 chart it's more likely for BTCUSD to move higher. With that assumption the upside target would be a minimum of $429.80 with higher prices being likely. Once the WC completes expect a final leg down that targets $320. If it's still bearish I expect $260 to be tested.

6 Feb 2016

Dagangan aktif

Going long with stops below the market. See updated imagine in the attached note.

6 Feb 2016

Nota

7 Feb 2016

Pesanan dibatalkan

Cancelled the order since price is below a critical level. I'll re-enter longs above 381. The risk is the lowest to enter here however. It still presents an excellent RR trade.

18 Feb 2016

Nota

Moving nicely towards target...

18 Feb 2016

Dagangan ditutup: sasaran tercapai

Expecting a correction from this level. Since it's 90% to the target it's better to exit now.

18 Feb 2016

Nota

My bullish target is still $451. Looking for a correction to add longs.

21 Feb 2016

Nota

We are either at a top or about to have a correction. If this isn't the top then expect $451 before any possibility of a reversal.

21 Feb 2016

Dagangan aktif

Shorted at the top, posted late but I indicated before $451 was my entry for shorts. Exit 1/2 at profit, exiting the rest @ $420. This will either be the high or we have one more leg higher. Will be building shorts from here on in. If it's bearish $320 is the minimum target. Good luck.

23 Feb 2016

Dagangan ditutup: sasaran tercapai

Exited remaining 1/2. Still much more downside potential however there's a likely leg higher coming. It's unclear if the expansion wave will make new highs. I'll be looking to enter larger positions on this rally.