MikeMoh

BTC bounce was predicted , what is next ?

BITFINEX:BTCUSD   Bitcoin / Đô la
If you saw my last analysis on btc            


i said that reversal was not it , and worse was coming . if you look closely on the prev post you can see a trend line in RED which is the line you see on this post. price bounced back up really nice from there. this trend line has held since Nov - 2017 juts that some traders DID NOT see it. but it lines up perfectly. the bounce was mainly due to touching is support trend and has nothing to do with the horizontal support.

now if you look at the bigger picture of BTC             on the daily chart . you can see that the price has been consolidating within the triangle.

what i expect NEXT for btc             is the ups and down whiting that tight area of the triangle , i do not expect much movement till we break the triangle in one direction or the other. and once we do break the triangle you will see crazy volume in the market. it's either going to be a rocket to moon of a did beard from the sky. it won't be as slow as within the triangle.

so what can we do now ?

from now till we get a confirmation on the break of this Triangle you could have short term trades within the triangle. remember to keep a TIGHT STOP because the market will be too fast when it breaks.

Bình luận: WE need this daily candle to close above the trend line for this set up to have a better probability of being valid . a bullish pin bar kind of candle will be the BEST sign for this setup. for non aggressive traders you may wait for the close to enter. your stop loss should be a lil under the last low and your TP somewhere around the 7700-8500.
Bình luận: we picking up real good here. now if you haven't entered this trade yet just watch for a some retracement on the 1H chart to go long.

do not trade without stop loss. your stop loss should be a little under the last low. if we build up a new support line we can move our SL to that support
Bình luận: If you are in the market yet, look at this chart. a good chance for entry.
Bình luận: Bulls are very weak. it seems like most traders are still looking for a that PERFECT BOTTOM.

as long as we stay above the Major Trend line chances we are going to test the upper side of the triangle ( down trend ). we may re-test the up trend again in a day or two.

if daily close bellow the trend will be the best Signal to SHORT BTC.
Bình luận: on the last comment i talked about the possibility of retesting the uptrend, we just did , and we bounced up form it again, seems like the trend is holding very well, no surprise as this trend could be the last wall standing in front of the BEARS.
Tự đóng giao dịch: approaching some resistance , closed at 7800 which is whiting our main target from 7700- to 8500.

i will update soon.
we picking up real good here. now if you haven't entered this trade yet just watch for a some retracement on the 1H chart to go long.

do not trade without stop loss. your stop loss should be a little under the last low. if we build up a new support line we can move our SL to that support.
Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Trang chủ Sàng lọc cổ phiếu Bộ lọc Forex Screener Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp Website & Môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất