Bitcoin Update Next Buy Point
Buy on move above the little trend line off the highs.
Stopbelow the line by 50 points.
Flag froming off the high with minimum 250 point upside measurement once the little dynamic is broken on upside
Buy on move above the little trend line off the highs.
Stopbelow the line by 50 points.
Flag froming off the high with minimum 250 point upside measurement once the little dynamic is broken on upside
评论:
Careful hre right on the highs can take profits here if day trading or raise stop to 7870 in case we stall...up to you as per risk profile
交易开始:
and if you do take profits be ready to go long on a break above 7900 with stop 50 to 100 below at max. Measurement implication of the pennant is 8079 once 7900 is broken
评论:
Bitcoin Update
stopped out of last trade for 50 point los, and up to 100 if
looser. It's finding support and building pin bars off the blue
old resistance line from the old highs.
Should stooge around a little longer, moving between 7830
and 7719 before likely moving up again. If 7719 gives way
between now and early on as far Eastern markets open
it should find support off the recent highs at 7510 and off the
lower big parallel too. looks more likely, as the pattern stands
now, to move sideways off 7719 line, turning old resistance
into major support, should it continue to hold as envisaged.
So it's a buy now and over the next hour or so. And if this
level holds, you can probably call it the freezer lid. If it holds,
Bitcoin is finally tagged, bagged and now so close to having
the freezer lid slammed shut. If we see this price action
evolve over coming couple of hours only then can we maybe
claim the trophy. If so, let it ride, lock the freezer and hide
the key and let's see where it takes us. We only need to worry
if 7719 gives way. Well done. So close now to throwing away
that key.
Stops need to be uder 7700 as if it fails it should test 7570
where it becomes a buy agin with stop under the parallel.
stopped out of last trade for 50 point los, and up to 100 if
looser. It's finding support and building pin bars off the blue
old resistance line from the old highs.
Should stooge around a little longer, moving between 7830
and 7719 before likely moving up again. If 7719 gives way
between now and early on as far Eastern markets open
it should find support off the recent highs at 7510 and off the
lower big parallel too. looks more likely, as the pattern stands
now, to move sideways off 7719 line, turning old resistance
into major support, should it continue to hold as envisaged.
So it's a buy now and over the next hour or so. And if this
level holds, you can probably call it the freezer lid. If it holds,
Bitcoin is finally tagged, bagged and now so close to having
the freezer lid slammed shut. If we see this price action
evolve over coming couple of hours only then can we maybe
claim the trophy. If so, let it ride, lock the freezer and hide
the key and let's see where it takes us. We only need to worry
if 7719 gives way. Well done. So close now to throwing away
that key.
Stops need to be uder 7700 as if it fails it should test 7570
where it becomes a buy agin with stop under the parallel.