Crazy Trading The Bitcoin Crash (Advanced Patterns On Bitcoin??)
Published: 2017-12-22
Status:
Available
|
Analyzed
Published: 2017-12-22
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker took a short position on Bitcoin using an advanced butterfly pattern, anticipating further downside movement.
"we just got short here on Bitcoin and I know that's not something that we say very often but over the past couple of days Bitcoin has had some pretty impulsive moves to the downside so we're gonna see if we can't capture that next impulsive move here on the 15 minute chart of Bitcoin using an advanced butterfly pattern"
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An advanced cypher pattern completed on Bitcoin earlier in the week, demonstrating its susceptibility to technical analysis.
"earlier in the week we had the completion of an advanced cypher pattern here on Bitcoin so that just goes to show the Bitcoin is not immune to technical analysis"
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A short position was taken on Bitcoin's 15-minute chart utilizing an advanced butterfly pattern.
"we're short on the 15-minute chart here on Bitcoin with an advanced butterfly pattern"
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The short position on Bitcoin reached its first target.
"Bitcoin hitting that first target now"
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Bitcoin broke through a support level, continued downwards, found resistance, and eventually the final part of the short position was closed around $11,475.
"the market eventually broke through that support level with a big gap down we ended up continuing down coming up and finding resistance where we previously had a little bit of support here now the market using that as resistance and then continuing to the downside we had trend continuation here we ended up getting a little bit of a double bottom here but still there was no reason to exit the position unless we get a break above this area and that did not happen we ended up continuing to the downside after a slight pullback following that double bottom got another push down into what we used to take off that final part of the position right around eleven thousand four hundred and seventy-five dollars"
Pending
The advanced pattern trade on Bitcoin was successful, leading to profitable shorting of the market.
"so the Bitcoin advanced pattern ended up working out this advanced form of technical analysis that we use to short the market yesterday ended up putting us in a really good position to make some money on the way down here on Bitcoin"
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Bitcoin hit its first target easily and approached a second target at $15,266, but ultimately fell short at $15,345.
"we came down to hit our first targets pretty easily after that the more he continued to push down and actually got pretty close to that second target we had a second at around 15,000 $266 unfortunately the market came all the way down to 15,000 $345 and did not quite clip that second target"
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An advanced pattern was used to successfully capture a significant downward move in the trending Bitcoin market.
"Bitcoin on this timeframe was trending to the downside at some impulsive moves over the previous couple of days and we decided we wanted to try to capture the next big move down using this advanced pattern and that's exactly what happened"
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The second target for the advanced butterfly pattern on Bitcoin was achieved, fulfilling the prediction.
"here on Bitcoin we actually had that second target achieved right down here so the market did exactly what we predicted from the entry of our advanced butterfly"
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The Euro/Dollar pair is currently in a period of consolidation with unpredictable price movements, and the speaker questions if there's a way to accurately predict these moves.
"here on the Eurodollar we have an extremely messy chart right just a big period of consolidation market moving up moving down then breaking below support moving up breaking above resistance market really just consolidating in between here at the moment but what if there was a way that we could accurately predict these market moves while the markets in this period of consolidation"
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Two advanced patterns have been identified on the Euro/Dollar pair.
"here on the Eurodollar we've already seen two advanced patterns that we pointed out earlier in the video"
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An advanced pattern, identified as X2A, A to B, B to C, C to D completion, is forming on the Pound/Dollar pair.
"next let's move down to the pound dollar here we have an advanced pattern up coming in like so x2 a A to B B to C C D completion right up there"
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A potential Bat pattern is identified on the Dollar/Swiss, with a pending decision on entry, stop-loss, and target setting after pattern completion.
"on the dollar Swiss we have another possible advance pattern this one looks like this it would be called the bat and what we'd be doing is actually waiting for a completion of the pattern right in here deciding whether or not we wanted to enter this and then putting a stop loss below our starting point and targets will be set accordingly"
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An advanced Cypher pattern on the Euro/Aussie has completed successfully.
"euro Aussie has an advanced cipher that ended up winning right back here so grab that triangle tool and I'll go ahead draw this one on for you guys x2 a a 2 B B to C C D completion"
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A potential advanced pattern is identified on the Pound/Swiss and is awaiting completion.
"here on the pound Swiss we have another possible advance pattern looking like this that's something we'll be waiting to complete"
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USD/JPY exhibits a pattern resembling the advanced butterfly trade previously seen on Bitcoin.
"county and town yen actually has what looks like an advanced butterfly this is the same trade we had on the Bitcoin earlier today"
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The advanced butterfly pattern on GBP/JPY worked out well.
"here on the British Pound versus the Japanese yen we actually have the same pattern which is that advanced butterfly looking something like this and as you see that pattern worked out pretty nicely"
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The Euro/JPY has shown successful advanced Gartley and Bat patterns, resulting in downward and upward price movements respectively.
"on the euro yen we've had a couple of good patterns we have what looks like dance Gartley right here then directly after that nice advanced bat possibly at Gartley here as well as you can eat both of those working out pretty nicely market being pushed down after completing the pattern here being pushed up after completing the pattern here"
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A potential Cypher pattern is identified on the Euro/Pound, with expectations for a downward move to a specific area followed by an upward push upon pattern completion.
"the Euro Pound we have a possible cypher pattern set up what we're looking at here let's move from X up to a down to be up to see and down to D so same scenario we're expecting the mark to come down to this area and then be pushed up from that area because the completion of this advanced pattern"
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A completed advanced Bat pattern on CAD/CHF successfully hit two targets and led to a dramatic upward price movement from the D completion point.
"the Canada Swiss our final pair here we're looking at a nice advanced bat that completed and ended up hitting two targets x2a A to B B to C C D completion right down here as you can see straight from that D completion the market pushed up quite dramatically"
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