BTC Weekly Chart 1

13 Haz 2018

I'll be posting my current trade setups on a weekly basis.

13 Haz 2018

İşlem aktif

13 Haz 2018

Not

The price went below my stop loss but manually kept the trade open as the chart pattern remained intact. The price has retreated fairly quickly back to the entry zone:

13 Haz 2018

Not

Just a note here to say that there's a possibility that we may reach a higher target than the one shown in the chart. Since it could take about a week or so to reach the target, it's too premature to change it, however it's something to keep in mind as we get closer to it.

14 Haz 2018

Not

14 Haz 2018

Not

15 Haz 2018

Not

Keep an eye out for a potential H&S formation taking shape. Ideally, we'd want the current bump up to take us above the head, as pictured in the previous comment. If the bulls don't have the energy to do that (it's starting to look like they are tapped out), then the bump will be truncated and we'll form the right shoulder. If that's the case, once that right shoulder reaches the neckline, we'd better hope that the bulls catch a second wind because if that neckline breaks, we're dipping past our previous Feb low.

15 Haz 2018

Not

bold line is the actual shoulder line, expect a drop to that line, like right now

15 Haz 2018

Not

After the right shoulder is formed (I'm 90% sure that it'll be a shoulder), I do not think that the H&S will complete. I am staking what tiny bit of reputation I have and saying that we will reach our target. Should the H&S fail to complete, that is after the right hill is formed and the price hit the neckline, we should have an explosive push upwards.

15 Haz 2018

Not

something like this:

15 Haz 2018

Not

15 Haz 2018

Not

sorry for the multiple posts... I just realized what's going on...

15 Haz 2018

Not

Here's how I got there:

17 Haz 2018

Not

We're going to hit our target early. Here's an update:

19 Haz 2018

İşlem elle kapatılmış

We've hit the top for now. We'll be taking a dip. I'm posting a new chart.