BTCCNY: Daily is neutral here, weekly bullish

4 בנוב׳ 2016

I'm monitoring the daily chart in BTC. We have a new fundamental key level to add to our arsenal.
We need to see bulls form a daily low, that on close, sits above the 4828.24 mark asap, to signal that the capital controls news isn't killing the rally. This might take a couple days.
For the time being I'm holding a 15% long position in BTC, and looking to trade short term dips without closing this core position, and rebalancing if need be.

Good luck,

Ivan Labrie.

4 בנוב׳ 2016

הערה

5 בנוב׳ 2016

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Notice that the pink support level held and that we're retracing.
Let's see if we move above 4828.24 next.

6 בנוב׳ 2016

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7 בנוב׳ 2016

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coindesk.com/bitcoin-software-version-0-13-1-release/

This will be interesting.

7 בנוב׳ 2016

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coindesk.com/china-miners-big-blocks/

10 בנוב׳ 2016

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Very strong move so far, if we hold above the resistance it might keep trending in a stable manner.

13 בנוב׳ 2016

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Support holding, and not a single daily high under the news key level, means buyers are in control. Daily RgMov trend shifted down though, so be careful.
Weekly is still up, this is usually a buy signal for longer term players.

15 בנוב׳ 2016

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BTC is closing above the news key level it seems...if it stays above, it'll keep going up. Holding long term 15% stake.
s3.amazonaws.com/tradingview/snapshots/v/VDdPcNzA.png

16 בנוב׳ 2016

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s3.amazonaws.com/tradingview/snapshots/j/JE3erGmA.png

And bingo, we're heading higher, if we close above the recent high, and see price form lows above, we'll be headed towards 6555 next.

16 בנוב׳ 2016

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(I had doubled my long at 4918 or so)