MiyaMusashi
Long

BTC - Is the bottom in?

COINBASE:BTCUSD   Bitcoin / Dollar
Doom and gloom forecasts everywhere I look, and they could be right. But if the bottom is in, could this scenario play out?

I'm still learning, so don't trade on this. Just imagining a contrarian viewpoint.

Kommentar: If I'm correct, and I could be wrong, this might be how we play out in the very short term.

Of course, BTC could roll over and die as well. Don't trade on my newb TA. My contrarian viewpoint continues though.

snapshot

(This is an XBTUSD chart that I'm using to track my trade so the prices might be different than the main chart above.)
Kommentar: I'm not throwing in the towel, yet.

snapshot


We wicked off the .786 and settled on the .618 retrace lines before bouncing off. If you look, both 1 waves, the large and smaller, were mostly impulsive according to the Heiken-Ashi candles, both correction 2 waves were swift moves down as well.

I think tomorrow will tell. If we can get a big impulsive push upward, it could mark a reversal. Or a bull trap. Who knows...

Anyway, happy trading.
Kommentar:
snapshot

Wave 3, of wave 3, of wave 3, on the three-minute chart, gives us a target of somewhere between the $10,300 - $10,500 area. We'll see what happens. My stop loss is set and I'm going to bed.
Trade geschlossen: Stop wurde erreicht
no, it's in a downtrend channel, bottom is 8000 dollar in my opinion
+1 Antworten
Deutsch
English
English (UK)
English (IN)
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden