Zkrilla

Zkrilla

Here is how I would trade this symmetrical tri until either side breas (personally I favor the downside).

Zkrilla

Trying to build a swing-long around the .618 on a pullback with a target around 12k - 12.5k

Zkrilla

Looks like we're going to suffer a 300usd range as we near this triangle's apex. Should breakout in around 15days, expect the range to contract as we near the apex. It's a bear flag but the overall structure since May is bullish so I reckon we will break to the upside sometime mid October. Could dip below and hit the major trend-line, that is a hard-buy zone....

Zkrilla

Here is how I will scale in my next long entry on XBTUSD, you decide the %weights but I like to double-down so if first bid is x then 2nd bid would be x² and 3rd x³... Max loss per position is always 5% of trading account so set your stops/leverage accordingly. I'm hard stopping this position right under 10k. Best of luck everyone!

Zkrilla

Chart pretty much says it all, we decreased volume near HTF (High time frame) resistance meaning buyer exhaustion in this case. We formed both a MTF (medium time frame) ascending triangle and a class c (weak but still there) regular bearish divergence. If anything you should at least hedge your crypto exposure (full: 100%) but in my case I went net short with a...

Zkrilla Updated 

1/4 bids hit so far scaling in every 90usd starting from 5150 exiting the same way if I get fully filled from 6035 ish 25% weights. The chart speaks for itself timeline week or two. Tested prior yearly low and held; this is a great long opportunity technically.

Zkrilla

As the title describes I believe this to be a very likely move as we tend to drag out most of the bigger triangles all the way to the apex or near it if we're lucky. MACD sloping down, both the RSI and MFI looking topped out. Plenty of confluence as we also tapped horizontal resistance. Knowing BTC we could go back up and test the highs but I do believe the move...

Zkrilla

I'm going to play this downtrend with a laddering entry / exit strategy and measure performance over the next few months. Here is my current setup 2 / 4 asks hit and the chart explains the rest.

Zkrilla

After that hard rejection recently making a lower high I believe we will re-test the broadening wedge breakout (88xx) and that will be a hard buy for a swing/position play. My plan is to ladder in from 90xx-87xx with equal weights. This area is also the golden ratio from the whole move, which is historically a great place to buy in uptrends. Will update with stops...

Zkrilla

If we see close any daily above or at the neckline would confirm the W bottom play into the December mini-rally (if we get on). Ideal entry would be a .618 retest in maybe a day or two for a position trade throughout December

Zkrilla Updated 

My mid dec outlook, I do think we get a xmas rally from some point www.elliottwavemarketservice.com

Zkrilla

Title pretty much says it all, lots of buying interest and we broke long term horizontal resistance so take the setup at your own risk

Zkrilla Updated 

4h closed above the .618 draw from local low to local high. Good r:r for a long targeting the area around the 200ema (4h)

Zkrilla

Possible bounce play also the bottom of the triangle

Zkrilla

Descending wedge + class A bulldiv take profits early if there is any. I remain net short but opening this as a hedge.

Zkrilla Updated 

www.elearnmarkets.com Will be very choppy regardless but a perfect intra-week short setup

Zkrilla Updated 

Looking really optimistic and the R:R is there for this play. As the books are really liquid at the moment (see OI) it will be hard to make any clean moves so expect this to be an intra-week trade.

Zkrilla

It would be wise to scale in as the ride will likely be very choppy before making any new highs. Measured move target if we break horizontal resistance (Megaphone) would be right under 12k flat.