It will have to decide. Was it a correction ABC or ABCDE correction.
Comment:
Expertly denied by the previous uptrend line. I suspect testing of the lower green cloud before continuation towards ATH.
Trade active:
For now everything according to plan.
For now everything according to plan.
Trade active:
Today India decided BTC is official legal, pushed it to next trend line.
Today India decided BTC is official legal, pushed it to next trend line.
Trade active:
Bounced right of the channel.
Bounced right of the channel.
Comment:
If purple channel fails I would be able to say that we are out of bull trend.
If purple channel fails I would be able to say that we are out of bull trend.
Trade closed: stop reached:
My blue line held. If breaks, channel line next.
My blue line held. If breaks, channel line next.
Comment:
This triangle is make it or brake it. Technically price action reminds of a typical 4th wave, which means we are still to see new highs.
Fundamentally, BTC should top out at the end of next month.
This triangle is make it or brake it. Technically price action reminds of a typical 4th wave, which means we are still to see new highs.
Fundamentally, BTC should top out at the end of next month.
Comment:
Comment:
I would say bull has 66% chance and bear 33% chance. Big vertical red line is SegWit activation. Big risk where you should be out of long positions.
I would say bull has 66% chance and bear 33% chance. Big vertical red line is SegWit activation. Big risk where you should be out of long positions.
Trade active:
Have my long in since (E).
Lots of stop losses from bears on 2595. If we break 2600 we go moon.
Lots of stop losses from bears on 2595. If we break 2600 we go moon.
Trade closed: stop reached:
Closed long yesterday when it was obvious that we were in a bull trap.
2200 seems like a good support to hit
2200 seems like a good support to hit