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SUMMARY
This is a high impact trade, not a hold. Use tight stop limits. Chart below shows high probable scenario for BT2 price to EXPLODE UP! The Bull Flag is uncanny as shown by the green circle region.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
is BT2 the same as B2X?
The bitcoin fork that never happened?
Its showing it as B2X on Hitbtc and it looks like the same exact chart.
They're not the same.....sort of....I posted Bitfinex's statement about it in the last BT2 thread. Both are "futures" but I would prefer the trade on Hitbtc, so much red tape expressed with Bitfinex. it will happen. So will SBTC....they all will as long as people can make money mining and trading them. I think we will see a lot of versions of BTC that will survive and do well actually.
Scarlet7 how do you interpret this post relating to the earlier BT2 one ?
Set stop loss and still go for older target ?
What I think he was getting at is that if you want to chance a big burst happening again, set a sell to get that burst price when selling, and a stop in case you miss the burst. In other words, rarely would he not instruct you to ladder into the coin, but saw an instant potential for high impact. And if the burst doesn't come, you want to stop out if it plummets after the last burst since you went in the buy all at once. Otherwise, ladder your entry according the the last post's analysis, and play the longer angle.
Make sense?
yea sir thanks a lot !
https://www.bitfinex.com/posts/221
Yes it is the same future coin. Should arrive some news to justify this I suppose :)
It is, but the two sites handle future coins differently....so in some ways you may not get the same result depending on what happens with the coin.
Garzik always said, there was no bug.
https://www.bitfinex.com/t/BT2:USD
My Bitfinex account will no longer allow me to trade since they are dumping US based customers. Are any other exchanges hosting this B2T token?
hitbtc.com
Thank you.
thank you. any thoughts on SPR? keep holding?
Interesting trade idea. Too risky for me, but I will watch.
@haejin could you do a cobinhood analysis, beem a lot of talk about this one, and im curious what your TA for it looks like....Blessings
The technical aspect of it aside, why will this coin go up? It doesn't seem to have any value?
The zombie awakes http://bitcoinagile.com/19774E8/segwit2x-or-the-oldnew-bitcoin-hard-fork-newsbtc_stream
Do I sell my BT2 at his recommended price point or hold? Please hep.
Does this mean what I think it means!! $$$$