Bitcoin Monday Update Next Buy Points on Monday Those that ran a trailing stop 50 or so points under the little dynamic supporting the lows of the day yesterday will have been stopped out around 11500 for 400 or so points profit. 4% returns on a slow Sunday is not bad but it was a hard grind battling against the bots. Bitcoin has encountered upside problems all night long, unable to push above the rising parallel which it lost yesterday morning and has struggled beneath it ever since. It topped out at around 04 est /23est and has since started to form yet another small continuation pattern below the same old parallel. Once again Bitcoin is trying to form yet another a bull flag now. To stay good from here it has to hold up off the lower little parallel of the flag formation and start to rally from here again - this is a speccy buy off the lower parallel with stops under the same parallel for a small loss if wrong. Otherwise we wait for the upper parallel to be broken on the upside to follow long again or add. We know this process can be mercifully quick if the flag is to stay good from here - and if not and no buyers appear soon to take the price back up it can drag on for hours more yet and start forming a longer-lasting continuation pattern as yesterday. And as yesterday, and most days recently, we need to stay patient, but ready to act when the signal we are waiting for is given to do so. Downside is being constrained by the lower parallel of the embryonic flag formation - Bitcoin would have to break below this line to turn negative again from here - so cannot be shorted unless we see this parallel fail from here.
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Update if you bought the speccy low it's touching the top of the flag now. Can close out and use the profit as stop on next trade which could be soon and may also take some more time yet to trigger: follow the break higher with stops 50 or so under the upper parallel of the flag
The bots/algorithms do control these markets but they work in conjunction with human traders and amplify price movements. Sometimes they give us hints that we can take advantage of such as this one that I posted on the other day.
@D4rkEnergY, Am watching but struggling with the vague buy the break out bit...so I ask you once more, what levels please, as per on your site. Am eager to LEARN ! Now, what precise level is the breakout, please ???
D4rkEnergY
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@sumastardon, You can pay for to become VIP Member. We are the biggest in South Korea with more than 1500 VIPs and we invest more than 5 mil usd in every ICO.
Sara-66
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@D4rkEnergY, you’ve got a cheek - you keep spamming sumastardon pushing your vague charts (for free) yet he asks you a valid question and you demand payment for an answer???! Truth is you just don’t know do you? Sumastardon does...
D4rkEnergY
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@Sara-66, He has spammed every single chart of mine with the same chart again again, so I have now reported it. Out.
Sara-66
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@D4rkEnergY, then you should stop spamming his!! And by the way I am not sumastardon I am a follower and a fan..
Sara-66
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@D4rkEnergY, now that’s just rude.. and totally hypocritical!!