BTC: Y'all Bullish?

31 May 2018

When everyone expects the same result from BTC it usually does one thing—the complete opposite.

Potential 2:1 trade opportunity here before bigly LONG.

31 May 2018

Not

3:1*

2 Haz 2018

Not

The setup is looking lovely. Let's see if this plays out. I'm still net short.

2 Haz 2018

Not

I moved my stop loss to 7850 since my average entry price is higher up now. Wouldn't want to be wicked out if this scenario proves to be true.

3 Haz 2018

Not

A daily close below 7500 confirms this thesis, while a close above 7740 may deny it for the short term. Wicks are fine—I'm looking for closes.

3 Haz 2018

Not

Potential shorts stopped/trapped longs & impulse wave completed. Time to see if correction waves plays out next to stop longs/trap shorts before June's real upside move.

3 Haz 2018

Not

NOTE: There's nothing statistical about Elliot Waves no matter what anyone says. I literally just used them to illustrate a bias.

4 Haz 2018

Not

I want to see a solid close below the previous breakout (~7500) for more validation.

5 Haz 2018

Not

Daily candle closed below 7500 and shorts continue to pile up. Sub 7k still on the table.

8 Haz 2018

Not

Update: Low volume on the upside

10 Haz 2018

Not

I'm hedging my shorts here and will start to build longs slowly. This seems like a Wyckoff Spring setup so I'm expecting an upside for June. First sign of weakness, I will switch back to short.

10 Haz 2018

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