$BTC
Price just completed a little bear flag. Needs to push above it to look more bullish again. My low time frame bias is still short, targeting $6,540-$6,600. A move back above $7,000 would invalidate the idea. I will be looking for longs, main bias is still bullish.
Price just completed a little bear flag. Needs to push above it to look more bullish again. My low time frame bias is still short, targeting $6,540-$6,600. A move back above $7,000 would invalidate the idea. I will be looking for longs, main bias is still bullish.
$BTC
Nothing has changed for me since yesterday. I would love to see this channel break to the upside, but at the moment bias is still for another small move down.
Nothing has changed for me since yesterday. I would love to see this channel break to the upside, but at the moment bias is still for another small move down.
$BTC
Classic Bitcoin - breaking up from a "bearish" pattern.
I am still short (underwater), with a stop above the blue zone that was tapped. Added a bit in red, good R/R.
Longs ideas are in blue, short in red.
Classic Bitcoin - breaking up from a "bearish" pattern.
I am still short (underwater), with a stop above the blue zone that was tapped. Added a bit in red, good R/R.
Longs ideas are in blue, short in red.
$BTC
A perfect example of why you should NEVER set stops just above resistance or below support. Leave room. That's the area where whales sweep your orders and engineer liquidity (potential bearish SFP).
This could easily continue up, just illustrating an idea.
A perfect example of why you should NEVER set stops just above resistance or below support. Leave room. That's the area where whales sweep your orders and engineer liquidity (potential bearish SFP).
This could easily continue up, just illustrating an idea.
To sum it up...
$BTC
I am long from $7,108 as shown in the plan above, after stopping out of my short.
Crappy trade, I should have taken profit or set my stop at even. I also wish I had been paying attention to this red circle - perfect retest of the ascending channel before moving up.
I am long from $7,108 as shown in the plan above, after stopping out of my short.
Crappy trade, I should have taken profit or set my stop at even. I also wish I had been paying attention to this red circle - perfect retest of the ascending channel before moving up.
$BTC
Holy crap. That went well.
The 1-hour chart is really beautiful. The black line represents the top of the trading range that Bitcoin has been in since the March 12th drop. The hourly retested it as support, almost to the dollar ($7,466).
It's all in the charts.
Holy crap. That went well.
The 1-hour chart is really beautiful. The black line represents the top of the trading range that Bitcoin has been in since the March 12th drop. The hourly retested it as support, almost to the dollar ($7,466).
It's all in the charts.
