Trader6127

Another Monster Counter-Cyclical Trade?

Largo
Trader6127 Actualizado   
BITFINEX:BCHUSD   None
Will we have another life altering counter-cylical bounce? My dreams have come true with this coin many times before, RSI is bullish again, so a breach to the upside of the ascending wedge may provoke a nice rally :)

Don't forget we need this chart on our side:

As always, I'll be posting long and short trades.

Cheers and GLWT!
-Erik
Operación cerrada: objetivo alcanzado:
MIN TP! Cheers! I'm waiting for the next pattern.
Comentarios:
Another 10%-15% today?
Comentarios:
RSI is making a sell signal now... a breach below the classic support will trigger selling.
Comentarios:
Hmmmm...doesnt look good for longs. Let's get ready to short:
Watch wave 1 support as its an area of confluence. Watch the EMA along with the trendline. Red box is the target.
Comentarios:
Breakout to the upside!
Comentarios:
Hmmmm, we are technically still in a downtrend with the lower low in the BTC chart and double top in the USD one.
Operación activa:
WAHOO
Operación cerrada: objetivo alcanzado:
FLAG TP REACHED!
Comentarios:
Bounce off the fibo resistance...consolidation time?
Comentarios:
RSI is making a sell signal now...
Comentarios:
HIT MID TP! BUT we are going higher with the channel breakout!
Comentarios:
Careful now...I see three waves in that super bullish channel. We are also kissing the top of the channel in the right chart.
Operación cerrada: objetivo alcanzado:
Ok...now consolidation time?
Comentarios:
Yep, consolidation...
Comentarios:
Operación activa:
Bounced off the pivot! You could wait for the BO
Comentarios:
Operación cerrada: precio stop alcanzado:
Caution, as we are trading below the trend line in the right chart.
Comentarios:
The USD chart is still bullish, but the BTC chart is now bearish. We hit the fibo extension in the BTC chart, so time for a rebound. This should give us 20-30% in the USD chart to hit the MAX TP.
Comentarios:
Lets finish this MONSTER TRADE or what?
Comentarios:
oUFF. At least we hit MIN and MID TP! CHeers! THread closed.
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