MEX_Exchange
Short

Bitcoin shot up without triggering our sell entry.

BITSTAMP:BTCUSD   Bitcoin / Dollar
Sell below 15889. Stop loss at 17446. Take profit at 12840.
Reason for the trading strategy (technically):
Price has shot up without triggering our sell entry yesterday. We now see that bitcoin             is testing major resistance at 15889 ( Fibonacci retracement area, horizontal overlap resistance, Fibonacci extension ) and we expect to see a strong drop from this level towards 12840 support ( Fibonacci extension , horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 96% where we expect a corresponding drop from.

https://telegram.me/fxtradingroom --> join the waiting list for our free live trading room!
Great analysis @MEX_Exchange :) ! What do you think about a possible H&S pattern formation
Antworten
Diary: We can notice a Shoulder Head Shoulder (O.C.O). But it can also be a leg 3 of fibo.

What puzzles you as a graphical analysis is that there is an explanation for everything. If it goes back to 8k = OCO (reversion), if it goes up, it will say that it is leg 3 of fibonacci

But on the 2-hour chart we can then plot the chart with a falling trend, a double top, and a double bottom. Double bottom region after tracing the downward trend I say. Still broke the trend line of fall of the previous days.

That is: High Trend! If correct then it may be to try to break the last top. Bitcoin becoming a world-wide currency, I believe that soon when it begins to reach a symbolic percentage of the gold reserve (8 trillion usd aprox), the animal will get even more!

HOLD YOUR BITCOINS, who do not know what they do in the trade and need to ask many tips, it is best to holdar and not undo.
Antworten
IMHO this market will never fully correct until there is another Mt. Gox. Catastrophe is the only thing that can stop greed. Been immersed in this since October and in my 50+ years I've never seen anything like it.

Thanks for sharing your view.
Antworten
chwi03 tcblue
@tcblue, I am also new to Crypto (since late September), but have been (too) immersed in learning... I don’t know how long it will take for it to collapse, but personally I am very concerned about the Bitfinex/Tether situation. If those Tethers are not backed by USD as they claim, this would be a catastrophe indeed.
Antworten

Diary: We can notice a Shoulder Head Shoulder (O.C.O). But it can also be a leg 3 of fibo.

What puzzles you as a graphical analysis is that there is an explanation for everything. If it goes back to 8k = OCO (reversion), if it goes up, it will say that it is leg 3 of fibonacci

But on the 2-hour chart we can then plot the chart with a falling trend, a double top, and a double bottom. Double bottom region after tracing the downward trend I say. Still broke the trend line of fall of the previous days.

That is: High Trend! If correct then it may be to try to break the last top. Bitcoin becoming a world-wide currency, I believe that soon when it begins to reach a symbolic percentage of the gold reserve (8 trillion usd aprox), the animal will get even more!

HOLD YOUR BITCOINS, who do not know what they do in the trade and need to ask many tips, it is best to holdar and not undo.
Antworten
we may need another bullish leg
Antworten
Does it mean we should sell Ethereum when BTC $15800 and $17400 respectively
Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Startseite Aktien-Screener Devisen-Screener Krypto-Screener 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