Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 9) --> +7%Welcome to my 9th segment in my golden/death cross analysis series! My strategy is very simple: wait for longer-term trends to reveal themselves when the price crosses the moving average. We're capturing not only the positive movements but capitalizing on the negative movements as well!
In our last short segment, we sold and bought back in at the same level! This doesn't happen often, but following the strategy will lead to profit.
Segment 4
04/01/2018 - BUY $7,150
04/04/2018 - SELL $6,900
04/08/2018 - BUY $6,900
Beginning ($): $11,100
Ending ($): $10,700
Beginning (BTC): 1.55
Ending (BTC): 1.55
Segment 5
04/08/2018 - BUY $6,900
TBD - SELL TBD
TBD - BUY TBD
Beginning ($): $10,700
Ending ($): TBD
Beginning (BTC): 1.55
Ending (BTC): TBD
Let's hope we see some upward movement here and let's capture some gain against USD! Follow along by clicking like and following me to get updates on this strategy!
Wavetheory
Gold Buy Setup What gold when it touches the white line. We already have divergence on the lower TF. This will give us a flat correction for one more move up before going down.
Aud/NzdI know, I know... This pair sucks. But look for it to correct. At least making a flat to yellow trendline. Looking for my downside long term but it is in a trendfib extension zone within a trendfib extension zone. It can extend down forming a correction to break low, but I think even if it does we will be getting at least a large 3 wave retrace.
Eur/cadI was looking for Ecad to push up one little time for a small buy, didn't work out. It still may make more of a flag here but I think it is on the way down, at least on the weekly. Regardless, I spent some time on this one today. Looking at its pattern since '91. It's like anyway you look at it, it is w-x-y over and over... Meaning multiple ways to look at it in 7 swing form, or 3 swing. It is following this fork and different trend fib measurements. The weekly is way over bought and showing it is turning. Makes perfect sense for it to drop from this supply zone for the pattern. Classic 7 swing. If it does like I have drawn up, it will finish a 7 swing lining up exactly fib wise with the larger pattern and pitchfork. IF it did this it would take like a year, going to 140 price level roughly. But it seems about ready. EU, EA, EN looking downside. I am taking this trade and holding for a year. Remember, it can make a higher high on 4 hr/daily. It may break the low and pull back up,but it would only be to finish a correction, probably like a flag... Most likely. I will do a video on my channel (link) later tonight when I have time to give you the full picture.
USD CAD UPDATE... LOOK FOR ANOTHER ENTRY! HERES HOW IF YOU MISSED THE TRADE THATS OKAY.. LOOK FOR A SELL LIMIT AT THIS LEVELS
BTCEUR Elliot Wave Theory Blue Box is the Buy-Zone which is between the 0.5 and the 0.6-0.65 Fibonacci Retracement Levels. On a Larger wave degree we are still waiting for wave 2 to complete. Waves a,b,c are part of the second wave of a larger degree.
XAG [SILVER] WILL MAKE THAT [C] LEG silver has a high probablality that it will make that C-leg before it goes down again.. take profit and wait for it to come to the 61.8% for the sell to the downside..for now stay out of it
LET IT TAG THE LOW AND THEN WAIT FOR UPSIDE OR DOWNSIDEWAIT FOR IT, IF YOUR IN THE TRADE .. GOOD FOR YOU ..TAKE PROFIT AT THE LOW
