ChristiaanvanderMerwe

ChristiaanvanderMerwe Updated 

Can call me greedy, but I would love for BTC to visit the golden zone before final take-off.

ChristiaanvanderMerwe

Isn't it beautiful. When (If) price breaks and closes above the 124 Day moving average (Yellow), prepare for moon-shot. As it stands, the price action below the lower trend-line (Black) seems to have been a bear trap as price is back above this.

ChristiaanvanderMerwe

If ZRX can get back into the channel and close a daily candle inside, prepare for moon launch.

ChristiaanvanderMerwe

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ChristiaanvanderMerwe

Running out of room, parabola nearing on breaking. Make sure you're on the right side of the trade.

ChristiaanvanderMerwe

Good to see the EW count from yesterday played out. If we are in an accumulation range I expect a spring (sweep of swing low). If not, sideways from $102 until we go and test range high again.

ChristiaanvanderMerwe

Closing more than 85% of position here. 4hr Bearish Divergence printed, 5 waves structure formed, and tweezer top looking to form. Stop loss above $180.

ChristiaanvanderMerwe

I am as excited as the next person about potential reversal and looming ALT season, however we are not clear of the woods yet and one must never forget to take profit (perhaps one can forget from time to time in full blown bull market, alas that is not the position we are in).

ChristiaanvanderMerwe

Dump it.

ChristiaanvanderMerwe

Will be interesting to look back on this price level over the next year or so. Markets tend to follow bull and bear cycles. Timing the reversal of these trends can pay off big time, however the overwhelming majority will never achieve this.

ChristiaanvanderMerwe

If ETH is going to have another bull cycle in 2019 I imagine it to look something like this.

ChristiaanvanderMerwe

This is not what I use to find entry and exits however it will be interesting to see how BTC will move with regard to a possible Adam and Eve bottom setup.

ChristiaanvanderMerwe

After Exiting ETH in the $160 range I had set my order between $105 and $120 ETH. We may still see $105 however I would not be comfortable shorting here.

ChristiaanvanderMerwe

One of many potential scenarios that I will be keeping an eye out for. Exit positions when BTC ~$5,000 and look for bottomed out ALT's (preferably wait for signs of accumulation) every time BTC is sub $4,000. Also there is a potential Adam and Eve bottom formation on the cards if BTC can manage to stay at this price level for a little longer.

ChristiaanvanderMerwe Updated 

Sideways movement here for ETH, consolidating in the equilibrium area. Volume drying up however I suspect volume will follow the breakout from this pennant , neutral bias for direction at the moment. Hourly 124 MA acting as resistance for now. Bulls want a clean break and retest.

ChristiaanvanderMerwe

Keen for XRP to come back down to the demand areas before re-entering.

ChristiaanvanderMerwe

The trend is your friend, just make sure to look out for those trend reversals.

ChristiaanvanderMerwe

I'll be a buyer one day, just not anytime soon.