Next target for BITCOIN 2900 Here is why: WALLSTScalper Crypto Report #22 May 31 2017
Trade BITCOIN (Cryptos) like a champ. Join the movement & trade market with an edge. **Number is growing all the time **
Bitcoin is aiming for approx. 2,900 to the dollar $BTCUSD and these charts shows you the reason why:
In an earlier post I showed this chart:
The price target for this pattern (an IHS) is pointing at price being back at testing the recent all time high around 2750.
BUT I see price GOING EVEN HIGHER
I see target being higher due to another pattern emerging. Only one obstacle for bringing us higher price right now is the resistance shown on this chart:
Resistance area is the same as yesterday. Bulls need to gather strength after a huge run up and believe its possible. They are, cuz we have tested this resistance for a 3rd time now. One of technical analysis' grand old founders Mr. W.D. Gann saw that the 4th time would have "soften" the resistance and at the same time having given Bulls the believe in "Mission impossible"
So next test is theeee test of relevance!
I will go long after a confirmed breakout and selling into strength on the way up. The total gains possible for this trade is 525$ or ticks as its called in Forex trading. Not such a bad deal huh. ;)
Trades always have to be monitored and patience is part of trading so if you are not long already....wait for the breakout.
Last week huge gains and profit taking ended up in a correction that we nailed ( See STEEMit blogpost post here: https://goo.gl/vS7u7z)
Last week I stated covering the $BTCUSD trade. I will continue ahead to pay special attention to this pair. I will look at the Bitcoin trade from multiple time frames. You will therefore here at my account find a variety of analysis' on my account.
*Feel free to drop a comment or chart and let's nail the trade together... like we did last week when Wave 3 was Elliott waved and ended up making a Harmonic Bullish Gartley.
Spread the good news Resteem(it)!! and.....
Yes of cause I would appreciate an upvote to get the message out and have more followers gaining huge amounts on there accounts! Thanks in advance.
Best to your trading
WALLSTScalper.com
René
Would you like to learn technical analysis done the right way and be able to ride the Cryptocurrencies for gains the next couple of years ahead... Then throw me a message here or at my website WALLSTScalper.com where all we ever do is Scalping
I will then contact you.
(Remember to read the CFTC disclaimer at website).
Hope so! As I have a BTC woop!
I hope I have given you reason to believe... due to the technical analysis I have made. Best to your trade ...for gains and glory!!
:)
hey so u wanna help me figure out the best trade signals fpr ethereum BTC trading? I feel like we can buy around $220 sell around $200 and repeat as eth goes up!
we should follow Mr Trades on youtube an trade live with him! migght as well! he is doing it right! he can predict dips and peaks, pretty accurately!
lets trade together tho! livestream youtube! lets make it simple!
I haven't heard of him cuz Youtube for me is history. STEEMit is the future, but I will have a look. I'm a 11 year veteran trader having traded almost everything that moves. The later years mostly futures contract. Cryptos is just showing very promising gains ahead that could match futures trading. (Leverage on an Light sweet crude contract compared to stocks for instance - is around 20 times.
But have a look at my different reports I made here...I do believe you find them pretty accurate and useful.
lol in steemit comment replies, yoru comment cut out at "I'm an 11 year " and i was liek WWOW this kid is younG! and hes already into crypto currency! hes going far! theni clicked and saw "11 year veteran trader" lol yes i used to short and triple leverage oil using DXO etfs back in 2009, wen oil was so volatile going fro 30 to 120 back down to 30 but yeah crypto is WAY better than stocks forex or anything! Any derivative option stock or commodity worth trading will be on the blockchain!
EVERYTHINg will be crypto! there wont BE non crypto stock markets!
why would ANYONE go BACKWARDS into a system that NOONE can rally trust!?!
as the old generationdies my parent generation the lazy baby boomers responsibel for repeatong the mistake of vietam war with Iraq 2 , and 9/11, they fuckindestroyed my generations chance for development placing us uina state of arrested development...oce the old peopel die my generation and gen X will have a chance to take over and actualy change things for the better and move on
but yeah ill check ur posts and upvote, and followed
Price is at what level now? ;)
bitcoin is around $2300 today!