Giá lên

BTC/USD - Levels To Watch

BITFINEX:BTCUSD   Bitcoin / Đô la
Hello traders, I hope you've all had a successful trading week.

Well done to everyone who followed my previous Bitcoin analysis. I was the only trader on the site to predict the up move so I'm glad my followers are following my rule of trading what you SEE and not what you THINK and you would have also caught the trade!

We made some serious money on this trade, and I'm happy to be in a position where I can help so many of you guys profit in the markets as I do!
I'm glad to be your one stop shop for all your Cryptocurrency analysis needs !

Swiftly moving on, here we have BTC/USD on the 8H chart!

BTC/USD has been trading upwards since a downside correction paused on 10th April and began to correct. Price was recently trading within a structure before breaking out side-wards resistance at 7740 in spectacular style yesterday, putting us in a significantly profitable trade. In my previous analysis you will see I predicted a structure breakout move at around 6.5, and since then we've made 20% profit on Bitcoin .

Price broke the side-wards resistance, which we can now view as a possible new support. When price is testing the support it will make a strong higher low perfect for this trade. A 3 wave would be the best set up for this trade, as we are taking advantage of direct market impulse rather than opportunist trading.

I am expecting Bitcoin to continue successfully breaking out. Before this, price will likely retest one of two support levels before the up move.

This trade could play out in 2 days, I have outlined these below:

-Price retests the side-wards support line at 7540, before bouncing off to the upside to an upside target of 9030. Price could break even higher if there is enough momentum behind the up move.
-Price breaks lower, and does not retest the side-wards support zone and instead retests the horizontal support zone at 6620, and goes to the upside at a later stage, before reaching it's upside target at 9030.

Bare in mind, that price could move a lot further than the targets outlined above. The target above is merely an obstacle for price action as it is the previous swing high and a horizontal resistance.

If price retests the sidewards support line and bounces, this would be a very bullish sign, as we could clearly be in a 3 wave pattern, which would perfectly work off of the sidewards resistance. ESPECIALLY if there is a strong pin bar type candle at the side-wards support, this would be 10X better for a reliable buy opportunity.

I will updating this analysis if it receives more than 40 likes.

Ý tưởng liên quan

+1 Phản hồi
@Jelmerrr, Thanks for sharing.
Phản hồi
I was the only trader on the site to predict the up move so are you sure?!! :)

also, there is more 3 people set the same view at same day so not only one
Phản hồi
TomProTrader HamadaMark
@HamadaMark, If you saw below (Which obviously you didn't) you'd see that I said it was the only one I personally saw.

I only see the top 12 or so ideas. So.
Phản hồi
Tom, have you considered our major bearish down trend resistance @ 8400? looks like a force to be reckoned with
P.S regarding " I was the only trader on the site to predict the up move" :
Phản hồi
TomProTrader FenixCapital
@FourthFloor, Okay, the only trader I saw who predicted it. But to be honest your chart isn't exactly indicative anyway in my opinion.

Yes, noticed that, but it's fine. That's still a good swing.

Phản hồi
kruppe FenixCapital
Phản hồi
ETH touch my target:
Phản hồi
TomProTrader xuanhaimmoer
@xuanhaimmoer, Thanks for sharing.
Phản hồi
LTC Update Plz
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
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà 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