pinfkloyd
Long

Clear view on BTC vol.2

BITFINEX:BTCUSD   Bitcoin / Dollar
As the market is quick, We must hunt some chick...en.

In this trade We are long oriented. This is because We have just tanked already pretty heavy.

This is not certain that We will go up from now but there is an opportunity.

Be responsible and do not put Your core here.




Continuing previous idea, I'd like to change the angle of sight, focus on details and educate myself a bit. After all I had twisted day and need to cool down.
Right now We need to look for solution coming from our experience. I'm gonna put some indicators - these will be easy to understand, but trend lines and patterns will mainly steer the wheel.

Consider when people will start panic. If We are trying to bear $10,000 for the third time what could happen after breaking through or bouncing up?

That's why this is an opportunity. This means that investing small amount of money we have huge chance to profit with very,very tight stop loss. If trend reverses, We are going to consider it with our head and tools. As We still sit on 9900, Strong support (blue line) could be broken. Breaking through results with stop and reassessment. If our lines are wrong, We need to fix. If our lines are OK, We need to develop.
Neckline from inverted H&S (Yellow line) - Head 12-13.11.2017. This could help us in case of resistance. Since broken could disturb the price going up.
Green circle is standard market cycle sign - this guides us through the forest of the past.
Look at the picture below:



I do not often practice analysis through comparisons, but this is quite good example of BTC's nature. 3 dead cats bounce is enough for bear trap.If We drop harder, well. We will see You later.

There are another pictures with crucial meanining, that could cancel this idea if declined.

1W frame


4hr frame


15min frame - for Your entertainment.


Kommentar: example chart of Stop loss placement

Kommentar: 9400 stop loss haven't triggered yet, lets see day closing.
Trade geschlossen: Stop wurde erreicht: Not valid anymore. $10.000 was the only reason to risk there.
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