BTCUSD - Short for a bit of a coin

9 thg 11, 2017

I've been watching Bitcoin for a while . The cycle analysis was working Bitcoin's last 2 drop into the daily cycle low.
This time I'm going to publish it.

After yesterday's bearish pinbar we have the follow through and the daily swing as we broke below yesterday's low.
The RSI is printing bearish divergence, and the MACD is crossing over at extreme levels. I'm not calling for a crash just a daily cycle low.

The 8 day RSI was signing the DCLs quite well in the past so I suggest to take profit when we tag the oversold territory.
As the Bitcoin bubble getting more and more mature the pullbacks will be stronger and stronger.
Bitcoin seems to have a special relationship with the 130 SMA.
This time the DCL should be printed somewhere between 130 SMA (4159$ today) and the previous top at 4915$.
Time range : 7-14 days from today.
Stop : Above yesterday's high - 7900$
TP : 4900-4200$

10 thg 11, 2017

Ghi chú

Seems to be working quite well. The only concern we are almost oversold at the RSI...

10 thg 11, 2017

Ghi chú

I’m holding the shorts into the weekend.

12 thg 11, 2017

Ghi chú

What a weekend!
Everybody and his dog plus wife was selling Bitcoin.
I suggest to take profit between 4500- 5000$.
So the harvest might start tomorrow if this drop accelerates.

12 thg 11, 2017

Ghi chú

Volume is getting high just as the previous DCL.
Get ready if it turns it turns in a blink of a moment.

16 thg 11, 2017

Ghi chú

I'm going to stop out the position at any move above 7950.