Bitcoin Update Let the Force be with You The little parallel guiding this wave is working well on the upside, but not on the downside, so far. Still looking to get long off any touch to the lower parallel with a stop 50 lower and if this gets taken it means a retest of 6980-6890 range is likely underway. Good, ironically. It means risk /reward ratios are even better again with about 700 points upside from here and carry about 140 points of risk with an entry around 6980 if seen and a stop below 6890 by 50 points.
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finally after a long wait if not long from lower, we may see that test of the lower paarrllel...buy here or as close as possible, with stop under 7050 for now
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So now raise the stop to close under entry at 7090 - if it falls out of the parallel we should get a bettter chance from lower...kind of risky because the stop could get hit and we break even, but don't want be wrong side of this if it falls out of the channel.
Any chance next update you could have the present be a bit more zoomed in?
sumastardon
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@StuAlexander, Er, confession - first tradingview only allow 15 minute charts minimum for some reason. The one minute chart is a peach and would like to show it. Notice that others can update current cooments by addiing a chart here, in update box. But I can't figure out how to do it. It would be much quicker than faffing around with texts and formats ...delay every comment by about 5 minutes at least and drives me nuts...so if you know how to upload a chart to this update box and you can explain it to me in simple English we can help eachother. Deal?
sumastardon
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@sumastardon, PS Am sending some stuff to the cryptocurrency page on this site. Will stick a one minute chart up for you now.