My view of Bitcoin is very bullish and on a medium (next few months) I am BULLISH.
For now, i'm out of the market (flat) but looking for a pullback so I can get Long again.
The inverted Head & Shoulders can measure the potential length of this current Bull run. Measure distance from neckline to head and project up - but that doesn't mean it will stop there.
NOTE: End of Wave 3 has not been confirmed as being finished. It can go higher.
See profile
NB The wave count is not a showing price projection its just there as a Road Map.
Hope that helps
Sean Vengan Professional Cryptocurrency Trader and Trading Educator
@adityadoodle9, Glad you provided an analysis but being "right" just once proves what? A lucky gamblers trade.
Only inexperienced talk about being "right and wrong", it's only about whether you make money or not. So if you're wrong are you going to publicly state you are wrong? If your right apart from massaging your ego what does that prove?
Where is your ENTRY? Where is your STOP LOSS? Where are your TARGETS? I see none of these on your charts as I always show on all of mine. Are we to understand you don't use stop losses?
Any punter can be "right" once but to be CONSISTENTLY making good calls allows your capital to CONSISTENTLY grow
UnknownUnicorn1063189
⋅
@SEAN_VENGAN, The other thing is you clearly haven't traded Forex both these charts will obviously show the same thing this is BTCUSD and BTCAUD - they are highly correlated which means they will 99% follow the same path. the comparison is meaningless.
Excellent as usual.
Would you please review Litecoin again? Your previous analysis was on Jul 23 and unfortunately did not worked out.
UnknownUnicorn1063189
⋅
@igg, Hi thank you.Yes, that's trading - some trades work out some don't. We can't expect all winners =) But the losers are very small compared to the winners
I got stopped out on Litecoin. I don't see any setup at present so I will watch and wait.
Wil post when I see something, my friend.
exkuji
⋅
if this is not wave 3 but wave 5 all this chart is wrong
There is no such thing as right or wrong in trading - only if you make money or not. if you don't understand that you're new to trading. How long have you been trading and what is your experience?
I have illustrated in advance how I make money to those who follow me.
If you are going to say something is wrong then please put your words into action and provide your own analysis this is the place to do so - let us all see it?
exkuji
⋅
@SEAN_VENGAN, Right now my view of Bitcoin trading is bearish that’s why I wrote to you.
With all my respect to you I am saying, if you pick 1-point wrong than we have not 3 wave but 5 one.