pinfkloyd
Long

Clear view on BTC vol.3

BITFINEX:BTCUSD   Bitcoin / Dollar
This time We have huge chance for bounce. As the time flew We have better picture here.
Finally proper additive volume appeared.
Chart explains everything. Bitcoin             $13.500.
I will stream,answer and help.
Kommentar: Fractals gonna fractal.
Buyback at $9000

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Kommentar: Buyback, refill.
Kommentar:
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Kommentar: If You are confused about yellow line, You can check my previous idea with explanation, on 4hr time frame we have local situation that have influence on current price action. Neckline was local resistance, broken twice in both ways. Second one gave us clear sign, that price is bottoming out.
Kommentar: Sometimes it's hard to predict the bottom, but there it is:

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Trade ist aktiv: entry call.

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Kommentar: should the price stick to neckline. In other case stop needs to trigger
Kommentar: still retesting

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Kommentar: target $11.000

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Kommentar: up

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Kommentar: There is no reaction, We don't know for sure if yellow neckline has been declined

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Trade ist aktiv: BTC breakthrough. Target 12.400

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Kommentar: Succesful breakthrough takes us to safer place on this market. This time We need to track meeting with higher wing of bull flag.
Pure uptrend

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Trade ist aktiv: Atleast meeting with red line is expected

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Trade ist aktiv: Situation has quickly solved, there is caution zone. We have to let it go for a while, no trade there. White lines are possible scenario of bullflag and inverted H&S completion that could lead us to atleast $18.000

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Kommentar: SMA 50 resisting the price.
Next week will tell a lot
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Trade geschlossen: Ziel wurde erreicht: This was succesful trade, We will take profit there

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i will set up new idea on BTC
So where now?

Antworten
pinfkloyd BankBoy
@BankBoy,
Read carefully last update. "No trade there" That means We are waiting for proper signals before entry. Note,that I opened trade at 8800 then called core entry near 8100. If You are about to make action, this is good time to sell 1% of Your BTC giving a chance to Yourself that We will experience pullback.
Point is, some players will long inverted H&S and some will expect another leg down to lower flag wing. You can't predict future there, all You can do is wait for opportunity.
I hope I got clear with my statement, keep Your investments safe.
Antworten
BankBoy pinfkloyd
@pinfkloyd, thx
Antworten
pinfkloyd BankBoy
@BankBoy, no problem, take a step into my fresh statement on BTC
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thanks, awesome insight here
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