No doubts the monthly is going sideway (in a range) and the weekly, daily, and hourly are going down a channel, so what opportunities avail? We have a chance to get cheap BTC as it is going down the channel: this is a waiting game for those who missed the 9K on the previous drop as we will reach the buy zone by 01/23/2018 and will probably stay in until the beginning of February depending on volume. Here is my game plan:
+ My big boy is the 4-hour chart, but my one hour is giving me more details on support:
My Trading Plan + Watch Support 1 and redraw trend line when going down, check volume increase/decrease + Watch Support 2 to be dismissed (old support from previous dip) + Already set my buys at $7777.77 + Wait for the bounce as old supports will now become resistance unless volume 2x, 3x or 4x (40M to 80M) + During pull backs will Hodl 75% and scalp with the remaining for the following money spots on the way up [Buyers market]:
R1: sell at $9,400, then buy at $8,500 R2: Sell at $10,350, then buy at $9,500 R3: Sell at $11,700, then buy at $10,700 R4: Sell at $12,770, then buy at $11,750 R5: Sell at $14,000, then buy at $13,000 Set stop loss at 13K for all my coins
*** these are approximation as it will heavily depends on market sentiments & volume, but will have the general behavior.
Good trading.
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Looking at what comes next after this bubble correction: it looks we will not see 100K BTC until next year. Here is my extrapolation based on a weekly corrected curb that follows the 25 MA - which is what has been driving us thus far on this scale per this chart
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Support 1 at $10355 is now Resistance as it tried to poke through twice. We are going down and expect to reach my target by the end of the week
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Too quick to draw: Support 1 is still alive, but resistance at 11700
交易结束：到达目标
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Bought @ $7777.77
WATCH OUT - it is going down further as market cap is disappearing. see my next TA (Deja Vu).
I love your stuff man. Crazy how you don't get more views or comments.
jpfortin
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Hard to say - no one could predict that. Usually, when I am near all these targets I set my trade ahead of time. I think buying at $8500 is a good entry, so if you are not going to be able to monitor the trade, then set your order. I am an intraday trader so I open/close my position within the day or reset for the next. Your question is about a swing trade which is less predictable from a timing perspective, this is why we are using trend lines, channels, ranges.
FonF0n
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Do you think it s going to happen in the next 24h for the Btc to come down to 8500$?!