Combat crazy markets with crazy trading
- #4,442
- Dec 5, 2015 2:38pm Dec 5, 2015 2:38pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #4,443
- Dec 6, 2015 11:42am Dec 6, 2015 11:42am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
New informations arrive , update for a long entry : {image}
Price created contracting triangle, here the entry :
Money moves the market, not an indicator.
- #4,444
- Dec 6, 2015 11:20pm Dec 6, 2015 11:20pm
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
{quote} I missed updating this thread, sorry for that, I was busy . Price created contracting triangle, here the entry : {image}
Those who are long and did not missed the buy entry above, should adjust the SL at same level where SL is on this second long entry. Good correction through time above interesting support (don't forget cover your trade after some buying activity ) :
Money moves the market, not an indicator.
- #4,445
- Dec 7, 2015 2:53am Dec 7, 2015 2:53am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Aggresive entry for those who like the risk and adrenaline :
Money moves the market, not an indicator.
- #4,446
- Dec 7, 2015 10:49pm Dec 7, 2015 10:49pm
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
The entry above failed , but a new entry is about to form . There is no reason to be involved short, explosive breakout expected from this zone :
Money moves the market, not an indicator.
- #4,447
- Dec 8, 2015 9:49pm Dec 8, 2015 9:49pm
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
The entry above failed , but a new entry is about to form . There is no reason to be involved short, explosive breakout expected from this zone : {image}
Money moves the market, not an indicator.
- #4,448
- Dec 8, 2015 9:57pm Dec 8, 2015 9:57pm
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
How I view the traders feeling about Bitcoin : {image} {image}
The ideal scenarios expected for long term trades were succesfully completed . A long term trader who bought based on the entry from 12 November (second photo from the post quoted above), should cover his trade now and lock profits by moving SL @ breakeven :
Money moves the market, not an indicator.
- #4,449
- Dec 11, 2015 2:34am Dec 11, 2015 2:34am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
{quote} That's what I was waiting for; time to take management decision : {image}
{quote} Long term traders : The ideal scenarios expected for long term trades were succesfully completed . A long term trader who bought based on the entry from 12 November (second photo from the post quoted above), should cover his trade now and lock profits by moving SL @ breakeven : {image}
SL for long term traders :
Money moves the market, not an indicator.
- #4,450
- Dec 17, 2015 12:23am Dec 17, 2015 12:23am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
How I view the traders feeling about Bitcoin : {image} {image}
Money moves the market, not an indicator.
- #4,451
- Dec 23, 2015 9:18pm Dec 23, 2015 9:18pm
- Joined Jul 2011 | Status: good | 4,295 Posts
The Rally Before Christmas
BTCC 1-Hour
Price has launched higher following a typical Bitcoin base forming pattern.
If PA can establish above the 200MA (red) then the next evident target is the resistance ceiling where year-end profit taking should see a correction or at least a sideways consolidation.
If this entire pattern since the Dec 12 high is a base pattern, then price may return to current levels before launching into a formidable advance in early 2016.
Either way, it seems $1000 will only be a waypoint during next year's price action since the mid-2016 block reward halving will reduce supply and generate upward pressure on price.
BTCC 1-Hour
Price has launched higher following a typical Bitcoin base forming pattern.
If PA can establish above the 200MA (red) then the next evident target is the resistance ceiling where year-end profit taking should see a correction or at least a sideways consolidation.
If this entire pattern since the Dec 12 high is a base pattern, then price may return to current levels before launching into a formidable advance in early 2016.
Either way, it seems $1000 will only be a waypoint during next year's price action since the mid-2016 block reward halving will reduce supply and generate upward pressure on price.
cryptocurrency everytime
- #4,452
- Dec 28, 2015 9:57pm Dec 28, 2015 9:57pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #4,453
- Dec 29, 2015 4:26am Dec 29, 2015 4:26am
- Joined Jul 2011 | Status: good | 4,295 Posts
cryptocurrency everytime
- #4,455
- Jan 4, 2016 1:11am Jan 4, 2016 1:11am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
{quote} Interesting brake near Resistance Zone : {image}
I really love the Bitcoin ! The traces that participants leave in the market are highly visible . I'm thinking already about a more intensive trading on bitcoin than currencies.
If the expectations regarding the bull trend on Bitcoin are fulfilled , then :
Money moves the market, not an indicator.
- #4,456
- Jan 6, 2016 12:09am Jan 6, 2016 12:09am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
{quote} I really love the Bitcoin ! The traces that participants leave in the market are highly visible . I'm thinking already about a more intensive trading on bitcoin than currencies. If the expectations regarding the bull trend on Bitcoin are fulfilled , then : {image}
Money moves the market, not an indicator.
- #4,458
- Jan 6, 2016 7:53pm Jan 6, 2016 7:53pm
- Joined Jul 2011 | Status: good | 4,295 Posts
cryptocurrency everytime
- #4,459
- Jan 6, 2016 9:54pm Jan 6, 2016 9:54pm
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
{quote} This can be the early - aggresive entry for the setup above . It is more risky than usual but it carry higher reward potential : {image}
Money moves the market, not an indicator.