Tommy_Trader

Tommy_Trader

Long time no see. I have been way too busy managing my signal channel. There has been a lot going on with BTC. Many analysts have been predicting a massive bullrun at the end of this year. And here we stand, almost at the end of 2018 as well as at the end of converging phase. Whether it is bull or bear that will take over, there's no doubt that it is going to...

Tommy_Trader

Here is Bitfinex 1hr. I used VPVR to perform mi-term volume profile analysis. I have set the frame as the recent and current frames. Detailed explanations are written in the chart.

Tommy_Trader

Here is my Elliott wave countings and targets. Detailed explanations are written in the chart. I have interpreted the whole cycle as leading diagonal wave 1.

Tommy_Trader

Here are my wave counts and targets for Bitfinex. I interpreted the whole cycle as ABC correction. In a bigger picture, I believe we are currently in wave B of the wave E of the wave Y as shown below.

Tommy_Trader

All of the explanations are written on the chart.

Tommy_Trader Updated 

Here is my Bitmex(xbtusd) wave countings and targets. This whole up-going wave can be either interpreted as a wave cycle (Wave 1) or sub-wave 3 of wave 1. Personally I think we are done with sub-wave 3 and we are now in sub-wave 4. Therefore, I have set my target less conservatively. Detailed explanations are in the chart above. Please like my posts and follow me!

Tommy_Trader Updated 

Today I performed TA in a bigger picture with Bitfinex daily chart. It currently touched the major resistance region. The fact that Bitcoin is getting higher highs every day, it seems like a positive signal. However, many indicators and theories (including Elliott) are implicating that correction might come soon. Moreover, the targets from the inverse head and...

Tommy_Trader Updated 

Here is my TA for bitmex chart(xbtusd). All my targets, wave countings and explanations are shown in the chart. These major resistance regions that have been mentioned is also where 100 MA passes in daily chart. Bitcoin needs to close its daily candle above the MA to gain some bullish momentum. Please follow me for more trading ideas!

Tommy_Trader Updated 

Long time no see. I have been way too busy managing my Korean signal service channel. Here are my detailed Elliott wave counts and my short-term targets. Bitcoin is currently being resisted by the yellow trendline which has been formed since July 8th and we can definitely expect decent amount of bullish momentum once we pierce through it. For my primary bullish...

Tommy_Trader Updated 

This is my bearish count for the short-term and bullish count for the mid-term. Bitcoin has formed triple tops today at $7600. This means that this region will be a hard resistance but once we break above, we might expect some decent amount of bullish momentum. Also be aware of that white box region which I regard it as hard resistance area. If we observe the...

Tommy_Trader Updated 

Elliott Wave Theory is like my religion and I have a strong faith in this theory. I have mostly been analyzing for the short-mid term technically. For the first time in Tradingview, I am posting long term analysis using my favorite theory. I am currently attending graduate school for my degree. I have had a deep interest in blockchain technology for decent amount...

Tommy_Trader Updated 

Here is my bearish counting. The uptrend wave for recent days was interpreted as 5-3-5 structure and thus as wave B. In this case, we would be expecting wave C which presumably might reach $7,700~$7,800 where a lot of people is waiting. Breaking above $8,600 will invalidate this count. My bullish countings are as above. I interpreted the recent uptrend wave as...

Tommy_Trader

Here is my current Elliott wave counting. If this uptrend wave is Wave B of the corrective waves, it is most likely to drop again after the wave 3 (5-3-5 wave structure). We succeeded on breaking above the mid-term down trend line and thus we are now in a parallel channel (yellow). In a short-term perspective, the uptrend line (orange) is supporting firmly....

Tommy_Trader Updated 

The targets that I uploaded yesterday have been reached. If you called my signals and have profited, congratulation! I will keep doing my best to keep you guys updated. We have bounced around $8,200, which is 0.5 fib level of the wave cycle. The wave structure has been formed as a beautiful 5 wave. Anyone can easily recognize that it is a 5 wave structure which...

Tommy_Trader Updated 

Many traders are shouting $7,800 and $7,200. Always keep in mind that Bitcoin likes to say “No” when everyone is saying “Yes”. The big hands don’t want to draw chart neatly. As a good trader, you should always hold numerous backup response plans for all possible scenarios. The chart above is my bullish counting. When it touched the bottom of the wedge pattern and...

Tommy_Trader Updated 

As soon as we break the previous low point, $8214, I shorted my position. 4h 300 moving average failed to support and now we are going below it again. Next possible bounce region would be 0.618 retracement level, $7,800~$7,900. There is high chance that we had a wave failure and form WXY correction structure.

Tommy_Trader Updated 

Bitcoin Cash is having some major updates and will be announced during the Consensus conference. I might be entering a position and I wanna share this TA I have done with a short explanation. I have targeted around $1,250~$1,300 which is 0.5 fib retracement of the whole wave cycle. It also happens to be where 200 MA sits. It might be double bottom as well. Here...

Tommy_Trader Updated 

Here is my detailed wave count and short-term targets. The downward wave yesterday is making my counting hard. We do have higher highs and lows which is a very positive sign according to the Dow theory. We have a strong RSI uptrend line which seems to be a very good support. My targets for sub-wave 1 of the wave 3 stand at $9,000, $9,300, and $9,650. This is my...