blackangel
Long

Double Bottom- Long

BITFINEX:BTCUSD   Bitcoin / Dollar
We had a double bottom and if we go back to the 17 we can say a triple bottom, i think is time to go up, i think by tomorrow we should go up. Looks like oversold . Don't forget your stop lose .
Trade ist aktiv: We keep it nicely on the red line and now is starting to go up , buy are increasing after a time of oversold position, wales are starting to come back in and keep it up , i see it go up , i hope the up movement is going to be slow and not to fast ,
2 reason why we not want this to go to fast up :
1) we all know that when BTC goes up fast trader for some reason that is beyond me take out money from altcoin and go in BTC ( in my opinion is wrong because we could do a double gain by stay in and pushing altcoin up and gain BTC and when out we gain the 2 time because BTC is up )
2) Because if BTC goes up to fast, then like everything has to come back down, and we saw this time the consequence lot's of people got burn by this mechanic that we old trader know and recognize.
Like always live a comment bellow and let me know what you think, Thank you.
Kommentar:
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Trade ist aktiv
Trade ist aktiv:
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Ok we had a few up and down in the past few weeks leading to what i think is the formation of Cup and Handel , now it broke that nicely and on his way up to the $10000 , we must agree that we need to be careful now and start putting more closer stop lose , we are do for a pull back or a side way consolidation, i would not sell because i believe we would go this year way over the old highs , i think we may touch this year $ 30000 so i hold for the long but if you want to take profit watch the chart and look for oversold, By the way the RSI daily looks like getting up there we still have a bit to go but we are close to the top. Good luck to all , and like always leave a comment and let me know what you think.
Trade ist aktiv: OK we reached and passed the 10000 now the next line to see is 10900 if we pass that we would go up to about 12000 were we have a big resistance, the RSI daily looks really good we are in the up mid 30 so a long way to go before we reach an oversold , the momentum is good people are starting to be more confident and that would take more fresh money into the market, my only hope is that we go up slowly and not to fast and hope to go few days here and there sideways so to consolidate the position that we reach. Let me know what you think by commenting , Good luck to all
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