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DvdGoldberg
25. Nov. 2018 11:02

Possible bottom  Long

Bitcoin / DollarBitfinex

Beschreibung

Bitcoin hits summer estimated target 3500.

So, I follow my calculation and open long at 3470 (Bitmex) and at 3690 (Bitfinex).
Also weekly SMA182 is at the level of 3415 (Bitfinex) - this means that I set SL below mentioned MA: 3390 (Bitfinex), 3270 (Bitmex).
If SL is triggered - then I will go long around weekly SMA200 at the level ~3130 (Bitfinex).

Trade ist aktiv

I would like to see how we start next week - then will give further estimation. Might come to weekly SMA/EMA100 ~5700. But now, let's see how it would develop. Longs 3470 (Bitmex) and at 3690 (Bitfinex) - are active, moving up my stop to B/E.

Trade ist aktiv

Longs 3470 (Bitmex) and 3690 (Bitfinex) - are active. Stop is moved up to 3770 (Bitmex) and 3990 (Bitfinex). Trades are in profit. In case bitcoin continues its upward movement - then targets would be just below weekly SMA/EMA100 around 5500-5700.

Trade wurde manuell geschlossen

Long 3470 (Bitmex) closed at 3770; long 3690 (Bitfinex) closed at 3990. Leverage 2x made profit +15%.

Now I am out of any position. Waiting for some further downward movement to weekly SMA200 ~3100-3200, with possible quick touches down to 2600-2300.
Also LTC waits for me at 20 :-)
Kommentare
MoneyTreesIO
Good analysis. It might really be the bottom.

Did you know that the Green Fib Bollinger in the daily got reached? The last time we reached it, was in August 2015 and it ended the year long bear market (1200$ - 160$)!

Might this really be the bottom here like the last time?

Check it out:
MoneyTreesIO
Here the end of the bear market 2015:

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