Plan of fading and how to use it
מעודכן
My plan is simple, 50% of my Bitcoins earnings in his bullrun (i hope it lasts to 9.09.2017) i will use to buy incredibly cheap XEMs (hope for 2800sat). As i dont have many time to trade now on hourly basis, i will be observe on 1d and sometimes on 4h basis. If i see Bitcoins huge 5 waves drop from his ATH (hope for 6000USD in september) i will sell 80% of all my bitcoins on rebound from this drop (61.8 fibo looks historicaly convenient for BTC).
However if line 2/1 or 3/1 of Ganns's fan on XEMJPY chart will hold this drop, and i see bounce up above Ichimoku cloud on 4h, then this plan will be invalidated.
However if line 2/1 or 3/1 of Ganns's fan on XEMJPY chart will hold this drop, and i see bounce up above Ichimoku cloud on 4h, then this plan will be invalidated.
הערה
Better view of XEMBTC chart
הערה
In the meantime i must do this things on BTC:)cryptrader.com/charts/bitstamp/btc/usd
cryptrader.com/charts/bitstamp/btc/usd
הערה
I must close this longs on BTC buyed @ 4000 with small profit @ 4100, i will wait for another wave down to 3800$הערה
I hope bounce from here will go to 4150 (61.8 Fibo)
הערה
And bounce almost done but TP on BTC easily taken @ 4150הערה
bitcoin i wait now for retrace to 3420-3500 area, or for triangle forming and another one spike for new ATH. @ XEM I am waiting for the same (triangle forming and spike up from there, when not XEM is going to limbo:), under 25JPY)הערה
And if XEM really will form triangle or something similar, and bounce from this formation, my plan of fading and using it will go to trash:)הערה
As You all see, trader must react on market situation very fast, even when has no time for this (i hope that my internet connection will be stable at the time of decisions)הערה
I'am now slightly long on BTC @ 3950 with target 4200הערה
Half of this long sold @4080הערה
I'am still waiting for proper triangle breakout. We have now triangle on BTCUSD but must observe situation. I feel that this triangle may be false, so i give him small chances but we will see.הערה
Breakout from this triangle down is more intresting now for me as may lead to deeper correction to 3400-3500USD area
הערה
My plan of fading course for XEMBTC is under fire. But to be bullish on this paire, we need to go above blue line.Also XEMJPY signals some positive moves up, but here i wait for breaking above cloud of ichimoku on 4h & breaking the 8/1 line of Gann fan
הערה
הערה
Last non-longterm longs on BTCUSD sold @ 4150. Triangle plays out good now but i'am convinced for now that is false breakout. Must observe waves:)הערה
drive.google.com/file/d/0B6yAl7ZW5c7yM1phaExIU1NSUVk/view?usp=sharingXEMUSD chart, made to be prepared, in case XEM want not to fade down:)
הערה
Bad link, here the right one:drive.google.com/open?id=0B6yAl7ZW5c7yNWxVQUhhREo3WTg
הערה
I am with another long btcusd since 4250USD, target 4700USD:)הערה
I must close this speculative long @ 4300, cannot observe market till tommorow. For half of my longterm longs i give TP @ 4700$. XEM moves slowly, when Bitcoin moves up, XEM probably will be retesting 4800sat & 25JPY.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.