BTC - 8.9k-9.1k coming up next

13 במאי 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 במאי 2018

הערה

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 במאי 2018

הערה

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

13 במאי 2018

הערה

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 במאי 2018

הערה

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 במאי 2018

הערה

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.