BTC - 8.9k-9.1k coming up next

13 thg 5, 2018

No time for an analysis but here's what I'm currently expecting with profit taking targets of 8.9 and 9.1k and a stop moved up into profit with price. It's obviously not going to make a straight line there but over the next several days+. Breaking downwards out of this triangle significantly would invalidate that and I'd set stops sub 8.3k. At that point would probably wait to see what happens again before making a trade.

Let's see what happens.

13 thg 5, 2018

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Trading tip:

Just a little heads up, when i post something like this, it doesn't mean you should just buy it where ever. because there's a possible $500 of upside. It means this is a likely direction so you should set bids at appropriate levels and if they don't get hit, then wait for the next trade.

13 thg 5, 2018

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Broke out of the triangle. Moved about $150 in 3 mins.

13 thg 5, 2018

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I took some profit at 8630 on bitmex and am looking to rebuy more on the test of support after the breakout between 8500 and 8550. I have bids scattered through out.

13 thg 5, 2018

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Resistance is also between 8630 and 8680 on finex and it really wouldn't be a surpise to not break that on the first go so I wouldn't just fomo buy in here.

13 thg 5, 2018

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This is looking very good. Still under the 8680 resistance but I expect a consolidation here and breakout. Still wouldn't buy up at these levels if you don't already have a position, but the price action is bullish and the impulsive moves are to the upside, both things I like to see.