Short term play for bulls with very tight stop $6999.99 @ Bitfinex for an excellent RR to 8.2k/11k'ish white box vs longer term macro (unchanged bias since dec 2017).
Comment:
I've noticed prices are much different on other exchanges. There is a possibility for a stop raid on a 3 drive pattern or an SFP, so reset stops accordingly and/or use stop-buys when that SFP happens, because then there likely is no retest so everyone who got shaken out gets no chance to buy for a good setup high possibility bounce at this area. This happened a lot in the past. Better to lose 0.15-1% than to miss a high profitable trade. Just my 2 cents.
Comment:
Kraken has good chart to work on. Bought spot whilst knive catching yesterday $6900, today $6600. PA looks good on the last 12H hammer close for bulls. This low should hold for a good bounce/relieve rally now.
Comment:
Happy new year to all!
Price is close to first target, so don't forget to pay yourself a bit and raise stops in profits, because the ihs/triple bottom has been completed.
Btcusd looks strong, might extend up to $9160, it's still early in the week.
Alts look strong too, but look corrective as well and not finished, so this gives all cryptos more upside room, but don't be too greedy.
Price is close to first target, so don't forget to pay yourself a bit and raise stops in profits, because the ihs/triple bottom has been completed.
Btcusd looks strong, might extend up to $9160, it's still early in the week.
Alts look strong too, but look corrective as well and not finished, so this gives all cryptos more upside room, but don't be too greedy.
Trade closed: target reached:
First target reached with a perfect touch on the gann fan angle (price-time) :-) Let's see how much is left in this puppy, still looks strong.
Trade closed: target reached:
2nd and last TP hit, fully scaled out.
Comment:
All 3 targets hit... what more to say, didn't expect the 3rd to hit.
Will make new ideas (indices, stock and crypto next month), too busy for the short foreseeable future.
Will make new ideas (indices, stock and crypto next month), too busy for the short foreseeable future.