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bitfinex btcusd btcusdlongs btcusdshort crypto cryptocurrencies cryptocurrency cryptotrader ethusd ethusdlong ethusdshort ethusdt exponential exponentialmovingaverages ltcusd ltcusdlong ltcusdshort ltcusdt macd movingaverage trendanalysis volatility Less Tags Show All Tags
Possible Break, Hook and Go - watch for quick move to bottom.
XBTUSD
, 240
Short
XBTUSD: Possible Break, Hook and Go - watch for quick move to bottom.

Looks like we're setup to make our final move down. One can only hope it's fast although I doubt it.

Truncated 5th wave at the $11,800 resistance?
BTCUSD
, 240
Short
BTCUSD: Truncated 5th wave at the $11,800 resistance?

I've been watching the $11,800 level for a few days now as it's a VERY strong resistance point. I'm now seeing a rising wedge that, to me, indicates a truncated 5th wave and a retraction between $10,500-$10,800 before we bounce for the 5th wave up. Short term - I'm bearish and planning on shorting down to $10,800 then I'll flip to a long position to...

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