tyncho.cba

Bitcoin - Let´s say it clear

tyncho.cba Updated   
BITFINEX:BTCUSD   Bitcoin
Last days i were out of the market just thinking why if we broke the resistance of the dowtrend line from december did not fly to the moon. That´s because technical analysis always can give you something new to learn or practice.

In this case, after a lot of work, just tried to put the things clear and we can see the downtrend line still alive on the LOG chart.

So, how can we operate this right now; we have some strategies:

Long Strategy:

Enter in 11000 zone.
Target 1: 11700 (50%)
Target 2: 12800 (50%)
Stop Loss: 10800.

Short Strategy 1:
Enter in zone 11500 - 11800.
Target 1: 10500 (50%)
Target 2: 9300 (50%).
Stop Loss: 12100.

Short Strategy 2:
Breaking BEFORE uptrend blue line.
Enter in zone 10850.
Target 1: 10500 (50%)
Target 2: 9300 (50%).
Stop Loss: 11100.


Just a vision, not a recomendation!

Good trades for all
Trade active:
Long Strategy:

Enter in 11000 zone.
Target 1: 11700 (50%)
Target 2: 12800 (50%)
Stop Loss: 10800.

50% closed.

Target 2: 12800. Stop loss adjusted at 11350.
Trade closed: stop reached:
Stop Reached. Short Strategy 2 activated.

NOW: strong support at 9200. Breaking that we have some key levels:

8900. 8200. 7200. 6900. Then...Goodbye :/ ---> 4500, 3000...
Trade closed: target reached:
Right now. Closing Shorts. Buying zones

25%: 9000-8200
25%: 7200-6900

The other 50% lets wait some days to check

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