BTC made a beautiful bounce and is now headed up towards 13k. Watch out for critical levels on the chart. Remember, we still don't know if this is the end but for now, why not ride it up to 13K? If it starts falling from there, we sell again and buy later. Rinse and repeat. This kind of stuff is a daytrader's dream. Who wants to hold when you can ride it up and down?
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Trade not active yet. Waiting for a clear signal.
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I'm in. Let's do this.
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Like Matthew Mccounaghey says, "Nobody knows if the stock is gonna go up, down or in f*cking circles." It all comes down to ODDs and RISK/REWARD. Ask yourself this: 1. What are the odds of it going up compared to it going down? 2. Is the risk/reward to my appetite?
If those answers make you want to open a trade, go for it.
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All in. SL @ $8200. TP @ $10,700.
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We're definitely in the clear. Time to open more trades.
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This is a perfect uptrend. Higher highs, higher lows. Get in! Don't miss this.
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Above reference is to 15 min chart. Please do your own research and due diligence, this is not investment advice. ( But you know what I mean ;) )
@fakhan, <update>"Wha...??(mmnum-numnnum)...what's that...?(mmnum-nnumn)...slightly metallic taste in my mouth?(mmnumn..)?</update> ;-)
PabloBonaglia
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@fakhan, I´m following you! liked the way you see things, practical and to the bone. keep updating please!
Jefe
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@PabloBonaglia, Why thank you, sir. I'll try my best. :)
Jalaurumb
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I really don't think this bounce is (so far) voluminous enough to suggest much of a short-term reversal. Think we've got more down to go before we come close to retesting the upside of that channel.
I'm holding out for the time being, FWIW. I just feel there's more to come. But, hey?
(Good film, by the way.)