BTCUSD
This is my first post so I hope the chart comes up to see. And this is for all the noobs that say charting doesn't work..........and the sky's not blue. SMH The inverse head and shoulders has completed. The Double top has been confirmed and is now breaking down thru from support put in on 1/17. The white arrow marks the top of the down channel overhead resistance as well as a top put in on 2/20. Great spot for a short. We've gone into a parabolic fall which is not sustainable, we're over sold and a bounce is coming. There's a ton of overhead resistance and underlying support.....we'll see which ones are pertinent. No trade here unless you shorted the breakdown of 9280.
Trade active:
Oversold bounce has happened........as I read currently buy is 9140 with a tight stop at 8620........no messing around here.....upside potential is tight.
Trade closed: stop reached:
Stop hit.......We bounced this morning at what was once overhead resistance of 8360 which was put in place 12/1 to 12/5 which was then followed by a breakout. Go back and look to verify......that will always be a prominent level going foreward. We're now in a very tight range of that support level and overhead resistance of 9304 put in on 2/25. There are numerous bear flags all around us. Predictions are worthless.........trade what you see.....no guessing.......pressure here is definitely downward........but who cares if you're reading your charts........right? Thanks Ma!
Comment:
Im not sure how to update the chart here.......if anybody knows please let me know. Trade was right.....stop was too tight......should have been under support of 8353. We've broken thru overhead resistance of 9320 and the daily chart is turning into a great big ole doji. Cool......very cool.