Remaining Neutral and Objective has allowed me to gain some clarity now on Bitcoin, so I will share my Time analysis (I rarely share) as well as Price analysis. So you get Time and Price today.
As you will see, from this UNIQUE ANALYSIS (I have noticed a number of authors "copying" parts of my work) that Bitcoin has been working in a series of WINDOWS, helping us determine tops and bottoms.
From this, we can forecast future resistance will be around $6,300-$6,450 and a date to watch out for being 7th November 2017. This APPROX date (don't be too rigid about this) may be a turning point for a top OR if we have a sharp selloff look for a bottom.
NOTE: It is not important that this approx. date gets hit. What is important to be forewarned to watch out for it as a POSSIBLE TURNING POINT. If it comes and goes with no event well ho hum we have lost nothing...
As we move closer to that date, if we see a more precise tradeable signal it will give us increased confidence and HIGHER PROBABILITY for a winning trade.
Sean Vengan 10+ Years Professional Trader and Trading Educator
REALITIES IN TRADING: In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading. We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal, over a series of trades, to be NET POSITIVE. Ignore newbies who are uneducated in trading & investing and say "You were so wrong" (we as traders know, a loss is insignificant over a number of trades). Each trade posted is YOUR FREE CHOICE, YOUR RISK MANAGEMENT and YOUR RESPONSIBILITY. Always factor in "WHAT IF I LOSE MONEY ????"
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Yorum
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If Bitcoin can get to around $5,300 be on an alert for a long trade...
Yorum
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We are now heading to 5350 and once this hits we have a SETUP.
Next step we are looking for a TRIGGER for a long trade. Be patient and I will announce.
I am showing you how I PATIENTLY WAIT for trades, and wait for the Market to COME TO ME not force trades which inevitably lose money.
We have a setup now we will look for an actionable trade.
Sean, you post interesting ideas and great analysis (as confirmed by the many loyal followers/readers you have). Could you possibly (routinely) include five simple metrics in your analyses:
- Target Price(s)
- Stop Loss
- Current Price (as of date/time of analysis)
- Horizon Date (and/or indicators that could make you revise from original trade)
- Capital (to get sense of your assessment of risk/reward, and your level of confidence.
I think any (even halfway serious) reader will understands that a 55% or 60% 'hit rate' would be phenomenal. Readers/viewers understand that derogatory comments from 'post-event quarterbacks' people who dont publish their own analyses/trades cant be taken seriously.
In any event -- it's always good to read thru your reasoning (along with the graphs/screenshots) .....
UnknownUnicorn1063189
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@LXXe, Hi @LXXe thank you for your excellent question.
I am going to save those answers to all those who I privately PM'd following their request to join me.
albertwt
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I guess you are right @SEAN_VENGAN because there will be price correction after the Segwit2X in November 2017.
- Target Price(s)
- Stop Loss
- Current Price (as of date/time of analysis)
- Horizon Date (and/or indicators that could make you revise from original trade)
- Capital (to get sense of your assessment of risk/reward, and your level of confidence.
I think any (even halfway serious) reader will understands that a 55% or 60% 'hit rate' would be phenomenal. Readers/viewers understand that derogatory comments from 'post-event quarterbacks' people who dont publish their own analyses/trades cant be taken seriously.
In any event -- it's always good to read thru your reasoning (along with the graphs/screenshots) .....