Just a small correction, I noticed that your indicated C point might not be the next lower low, so I altered the marking (the first blue bar before the C marking you had). I just didn't want to confuse the forum and thought of sharing it with you
Thank you Roger for the insight, really useful.
one question, I have noticed that you extension is using the second “low” and not the lowest low which is still have an XOP target around 8250 (which is the controlling extension)
thanks
Welcome back Roger and thanks for your analysis too!
If you could've posted only after an hour or so, the analysis will show a very confusing reaction (now at 6360).
I don't know if you or Sive are looking at the short/long on bitfinex. Shorts are almost at all time high and longs keep...
Mr. Sive
You always amaze us on how you read the market and provide your valuable insights.
Everyday I learn something new from the master.
Thanks again!
Hi Sive,
It seems that you are having your charts excluding the weekend (where bitcoin are actively traded). That maybe clarify why yesterday’s price action is not reflected into your analysis.
Although I agree with the general analysis, yesterday might change your views a little bit. The price...
Hi Sive-
Thanks for the analysis.
I noticed that your focus is on when to long BTC, what about areas where to short it.
I mean do you think that there are some areas that we can focus on to go short (short term bounce) or you think it’s more likely that we continue the drop from here.
I...
I 100% agree with that analysis is most important. Yet these numbers acts as a validation and confirmation to trading idea which in this case was a big difference. However, I appreciate your efforts and views - just wanted to check!
There is this part of my response which will be great if you...
Nice longterm view of BTC!
I have observed however that my numbers are not aligned with yours (maybe due to different exchanges). However, for the major XOP target from ABC pattern at the top, the difference is quite substantial.
Here is a chart of BTC on Bitfinix which puts XOP at around 2380...
Thank Roger...
I have couple of questions if you can please clarify:
1- I understood that using the bonsai stop on daily (below OP) mean value =< 8383. If I use couple of points below, it would have still be hit (the lowest was 8225). How would that method would've protected me? If you mean...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.