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The official 2019 bitcoin $50k thread


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#11 AChartist

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Posted 04 June 2019 - 06:16 PM

sold most LTC on sunday and rolled most of that to btc a little late about 15 min off the low.

 

we'll see how it effects cycles was at least a week early than expected. I sure did need that entry to btc

 

and would like it to flounder a little longer to buy with the remainder just had to get that one in since it was near my

 

target for the whole thing, I can see another possible target and stop at about 7250


Edited by AChartist, 04 June 2019 - 06:16 PM.

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#12 AChartist

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Posted 04 June 2019 - 08:35 PM

So far looks like a-b-c 5 wave c, it would have to clear the 5/30 low to overlap a potential W2 low.

 

I hit 4/25 low exact in bch, 5/15 low did add much just a little btc, and hit today low within 15 min. So I dont care

 

much have enough distance there to decide. It really tested two line structures nicely and may be very good and necessary technically.

 

There a chart point on June 15 that may be a launch point whereas the shorter term low cycle 6-7 weeks looks to last

 

one more week. It was Jun 15 I had in mind all along and will have some capital ready for then.

 

A stop point would be a line about 7250-7300 now and 7500 on Jun 15. Those could give way to 6000


Edited by AChartist, 04 June 2019 - 08:35 PM.

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#13 AChartist

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Posted 04 June 2019 - 08:47 PM

I'll spend a little more if I see 7700 tonight or morning knowing that I might see a little lower defined

within a week to 10 days.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#14 AChartist

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Posted 05 June 2019 - 05:25 PM

i did make a second buy just right there, it is a proper rev head-shldr,

dont know if it right to focus on btc this time still have same bch.


Edited by AChartist, 05 June 2019 - 05:26 PM.

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#15 AChartist

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Posted 05 June 2019 - 06:21 PM

I imagine a shot to 7300 could come tomorrow critical to hold


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#16 AChartist

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Posted 05 June 2019 - 09:06 PM

Trade Genius saying about same potential level, I suspect it would be a 3 min stick and miss it

if 7250 or so is why I dont care about that so much for now but I do see likely probes low and time

is really not ready for one week. The lines I refer to are closing basis not sticks

 

 


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#17 AChartist

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Posted 07 June 2019 - 01:51 PM

And that was a textbook trade except just holding LTC would work same I dont know if there might be another entry next week hope so

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#18 AChartist

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Posted 14 June 2019 - 06:32 PM

the last I looked will update this weekend the feared low cycle was acting so it may have fullfilled with recent btc

drops to 7700 7400 areas. That I bought. I got a small amount of 401k money in before todays move.

Binance cutting off US customers trading 9/12.

 


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#19 AChartist

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Posted 14 June 2019 - 07:44 PM

Yep that should be it this weekend at least within next week.

 

 

 

btc%20061419_zpszdoekual.png


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#20 AChartist

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Posted 16 June 2019 - 07:30 AM

Here is why i called the buy on the backtest of recovered lower line in addition to cycle potential appearing to be the bottom of

the problem 447 week cycle.

 

Will show the 50k target calculation as of recovering 9k but need to clear 10k as well for a better confirmation.

 

And then to contemplate potentials above the top line, 1.5, 1.68, 2.0 the distance traveled?

 

There is some talk of a down period in one week of Aug there are a couple of cycles dipping in 12-14 weeks which should be

more like Sep. We'll have to see how it develops. But at least if this is working, to take some off in 8-9 weeks for a rotation out and in.

This whole thing could be accomplished in 9 weeks way more and way before anyone suspects.

 

 

 

 

btc%2050k%20target_zpsxto0ktzb.png


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan