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JunkedUpTrader @FranckFromentin

Technical Analyst and #Crypto Day Trader. This is not financial advice, only my opinion and view of the market.

Joined September 2018
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JunkedUpTrader@FranckFromentin
28 Sep 2018
My personal road map to successful trading that i need to follow: 1) Never play a position size too big 2) Always set a stop loss 3) Close position after 1-2% gain (scalping only, no swing) 4) DO NOT BE GREEDY Consistency, patience, and dedication will be key to reach my goal
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$BTC The bounces we are having have no follow through. Bearish on all major timeframes. I'll be surprised if we break to the upside. #bitcoin #crypto
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$BTC A great trade setup is coming up soon. Great reward for little risk. #bitcoin #crypto #trading
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$BTC When youtubers and CT all bearish calling for $8.5K that's when you know a bounce is coming. This just played out perfectly. I managed to get in on the wick (SL break even), i hope you did too. #crypto #bitcoin #trading
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$BTC Looks like the 5 waves down are in and that $9000 was a local bottom. Was it the end of the correction? Hell no. Therefore this is my EW count which foresees another 5 waves down after a nice bounce to $10,500-$11,000. #bitcoin #crypto
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$BTC updated EW count as follows. This is a general roadmap and dollar amounts won't be exact. #bitcoin #crypto
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$BTC Because I see 5 clear waves, I believe we are about to finish the A wave of the bigger correction up.
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$BTC The 55 EMA is acting as major resistance unable to close above it. The instant we do, expect a move towards $12K. Otherwise, we're going back towards 9.5K (weekends are usually bullish though) #bitcoin #crypto
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$BTC It seems bots and algos are using the 0.786 fib retracement a lot lately and has been great to catch wicks. We already sold off 50% of yesterday's pump... Not good #bitcoin #crypto
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$BTC Always feel good catching a wick 5min before a $1000 pump. People say Eliott waves may be subjective but i find them incredibly useful sometimes. We were bound to have this pump after 5 major waves down. #crypto #bitcoin
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$LTC Litecoin down 50% in less than a month, and now up 20% in the last 2 hours only. I feel like this market is a joke sometimes...
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The $BTC market dominance is currently at resistance at 65% but it looks bullish. If we can close a weekly candle above the resistance, I won't be too sure about an alt season anytime soon... #bitcoin #crypto
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$BTC dominance still climbing with 69% target which would coincide with the bull run continuing. RIP altcoins. #bitcoin #crypto
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$BTC dominance hit my 69% target. Looks like we hit a local top with clear bearish divergence and that we will go down from there. It could be time for altcoins to recup some of their major losses. #bitcoin #altcoins #crypto
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$BTC From an Eliott Wave perspective, could the end of the crash be as early as end of this month? #bitcoin #crypto
$BTC I am glad we are dumping this fast. The faster we dump, the faster the next bull run can start. It could be possible to see $20K before year end.
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$BTC Range bound between daily 21 and 55 EMA. An open and close candle outside this range will most likely determine the next short term trend. #bitcoin #crypto
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$BTC Solid $1000 bounce from the recent low of $9850. I believe the bounce still has more juice to it. This bounce oddly resembles our previous bounce... #bitcoin #crypto
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$BTC We opened and closed below both the 4H 200 MA & EMA for the first time since the beginning of the uptrend. The bullish momentum is definitely dissipating and it seems like the bears are ready to take over. #crypto #bitcoin
$BTC This is the bullish case which i find slightly less likely than the retracing back to $8K first scenario but is still very much possible. We could be forming a massive consolidation triangle before another leg up. #crypto #bitcoin
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$BTC The big divergence we built up on high time frames hasn't fully been played out yet in my opinion. I foresee another leg down towards $8000-$8500 in a few weeks as a likely scenario. Let's see how the short term plays out first. #bitcoin #crypto
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$BTC For anyone panicking, we are just bouncing from the 21 daily EMA which we have done numerous times since the bull run. We were way overextended and this "crash" was a healthy correction. We are still in an uptrend until proven otherwise. #crypto #bitcoin
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