BTCUSD - ABC Correction לונג

Bitcoin / U.S. dollarBitstamp

תיאור

⋅ 12 מאי 2018 22:09

We are correcting on the upside from that violent bearish wave 3.

A textbook bearish crab has form on the important Fibonacci supports. The target for the correction is 8900$.

Because the sell-off was so violent, we may see a further correction to the upside.

Buy zone: Small amounts up to the B point (about 8500$)
Sell zone: 50% at 8900$. We may overshoot so keep some on the side.

After this correction we are probably heading down again,

עסקה פעילה

⋅ 13 מאי 2018 16:24

So far so good.

We have broken the resistance of the A point from the ABC correction.

Next stop is the C point which again, should be at around 8900-9000$

הערה

⋅ 14 מאי 2018 01:58

Good time to start selling.
The support is getting really weak.
If this breaks it is shorting time.

העסקה בוטלה באופן ידני

⋅ 14 מאי 2018 09:05

Sold at 8700$ and shorted on the way down.
I'm probably getting back in at about 7850$ if this support shows resistance.

תגובות

mightytrader

⋅ 12 מאי 2018 22:30

I have same almost same target (selling at $8,810) and for same reason. My SL is under $8150. My entry was $8350. GL2X: Good Luck & Go Long! (just made that up!)

VWuelfrath

⋅ 12 מאי 2018 22:33

@mightytrader, Yeah 8900$ is somewhat of the area of interest but not a definitive number, Good luck to you too. It seems like a good trade

עוד