If BTC breaks support @ 7500...

5. Feb. 2018

1. Upper resistance @ 10000
2. Current support @ 7500 (currently testing)
3. Next level of support @ 5500-6000
4. 8-day EMA has been dynamic resistance level the entirety of 2018 (with the exception of a few false breaks)
5. Bullish Pin bar but...
-poor risk reward ratio
-countertrend
6. EFI is negative
7. A counter trend trade RIGHT NOW with a tight stop would have a great risk/reward ratio but also has a high chance of failure

5. Feb. 2018

Anmerkung

7 (updated)...please don't entertain this countertrend trade idea too seriously. I probably won't take it myself and will probably regret it if I do.

5. Feb. 2018

Anmerkung

Also 6. is mislabeled as 5. on the chart

5. Feb. 2018

Anmerkung

Could potentially still be a false break of support but I wouldn't bet on it.

6. Feb. 2018

Anmerkung

Dropping fast

6. Feb. 2018

Anmerkung

Bounced off of support. Watching to see how strong bounce is.

6. Feb. 2018

Anmerkung

Good bounce that is already testing resistance again. Volume has also really shot up.

6. Feb. 2018

Anmerkung

1 HR chart--still could be a false break of resistance