BTCUSD Corrective Count (H4)

2016年1月29日

Based on the reverse divergence on the D1 chart it's more likely for BTCUSD to move higher. With that assumption the upside target would be a minimum of $429.80 with higher prices being likely. Once the WC completes expect a final leg down that targets $320. If it's still bearish I expect $260 to be tested.

2016年2月6日

交易進行

Going long with stops below the market. See updated imagine in the attached note.

2016年2月6日

註釋

2016年2月7日

取消訂單

Cancelled the order since price is below a critical level. I'll re-enter longs above 381. The risk is the lowest to enter here however. It still presents an excellent RR trade.

2016年2月18日

註釋

Moving nicely towards target...

2016年2月18日

交易結束：目標達成

Expecting a correction from this level. Since it's 90% to the target it's better to exit now.

2016年2月18日

註釋

My bullish target is still $451. Looking for a correction to add longs.

2016年2月21日

註釋

We are either at a top or about to have a correction. If this isn't the top then expect $451 before any possibility of a reversal.

2016年2月21日

交易進行

Shorted at the top, posted late but I indicated before $451 was my entry for shorts. Exit 1/2 at profit, exiting the rest @ $420. This will either be the high or we have one more leg higher. Will be building shorts from here on in. If it's bearish $320 is the minimum target. Good luck.

2016年2月23日

交易結束：目標達成

Exited remaining 1/2. Still much more downside potential however there's a likely leg higher coming. It's unclear if the expansion wave will make new highs. I'll be looking to enter larger positions on this rally.