Looking to short if this rally turns out to be a bull trap, if it starts breaking out to new highs, short will be closed. However, this is what I think is happening on BTC: (image linked below). I still think 4500-5k is in play blogs-images.forbes.com
We saw yesterday how the open of Asian markets affected the BTC price. The whales are asleep right now, so it might be a good idea to buy before they start hitting the asks hard later on. You ready for another late night? Will advise entry and stop as we go
Now that there will be no free coins, I think that BTC will have a correction to the previous level of resistance, which is 5k. Now that 2x isn't a thing, that value will be drained from BTC's current price, as the reason BTC rallied was because the market factored in the price of 2x into BTC. I'm waiting for 4900-5000 to go long again, however, I'm not short...
I know I said I expect BTC to have topped for the year, however, it's not impossible that we'll have a little short squeeze following the recent dip. I'm 10x long @ $7270, looking to take profit around 7590-7750, and my stop is located at 7129, which is just below the daily low - I believe if we start breaking that price, we will proceed to have a red day. The...
I've never really been an Elliot wave trader, however I've been looking into the theory behind them lately, and I find the concept very interesting. Let's see how this scenario plays out. Besides the Elliot waves, we have a massive bull flag that formed from 7500 down to 7000, which has now broken upwards again. Elliot waves, bull flags - Bitcoin is going to new highs
Time to make up for them altcoin bags, glhf
The head and shoulders formation indicates that a sharp move downward may be imminent. I'll be shorting 1 BTC holding in hopes of increasing bag size at indicated points.
Start to realising previous prediction, C-leg is forming
All details at chart. Simple and clear, just trade.