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Short & Long on Bitcoin/USD market: Bossian's trading tips
by
Bossian
on 24/05/2020, 08:32:07 UTC
Hi folks,

Been posting for s while now. I am usually a swing trader, never do daily trading (too tricky). My typical timeframe for a trade is 1 week to 2/3 months.

I posted the following thread recently: https://bitcointalk.org/index.php?topic=5250255.msg54477235#msg54477235
As you can read, I have a target at 5.5k for Bitcoin, with an estimate date of July-August.


I will update this thread whenever I can and will post charts when I have more time.


The analysis behind my short to 5.5k is mainly backed by Elliott Waves theory (see link posted above). I am confident we see 5.5k soon, however in between I usually secure some profits, and my first securing profit price will be 7.9k because I see a possible bounce back from there.


To sum up:
Target by August: 5.5k
Secure profit at 7.9k, and will try to short again if bounce back at 8.3k.


This thread is not financial advice, do your own research  Kiss best of luck everybody!  Cheesy