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The_Cannalyst
Jan 11, 2017 2:47 PM

Is this the next buying chance? 

Bitcoin / U.S. dollarBitstamp

Description

former view:


Today we nearly kissed the former bo-Level (possible entry Level 770-810) -....is this a chance or weakness?
The RSI is very oversold...! watch it!

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nice c r r

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the first test of the FORMER BO LEVEL was bought..
now we have reached the resistance @ 615..above that level the chart brightens a bit in this tf

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rsi is forming a buying signal

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we havn`t reached the 0,5 fibo, thats really weak...
is the correction finished now?

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overbought now....and again kissing the min. correction fibo 38,2

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we are forming a tiny shortterm uptrend..thats good for the longs :-9
the chart seems to break out to the upside ..it`s looking like a classical 1-2-3

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but remember where we are:

we are fighting against the downtrend at the moment. swingtrader would perhaps short that level caclical and would try to catch the next downswing

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yes Baby!!!!!!!!!!!

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nearly done!

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come on Baby!
Comments
DanielPang
Bravo!After reaching 1023 ,will it retest 880?
VickyMalik
my target 535
bratiswaves
what does c r r mean
The_Cannalyst
@BorisBezard, chance-risk-ratio
bratiswaves
@Maryjane, thanks, did you remerk the price on kraken is much higher
The_Cannalyst
@BorisBezard, ah ok....thx for that info..how much is the spread?
bratiswaves
@Maryjane, 790 dollars now
bratiswaves
@BorisBezard, why do you put your stop limit so low ?
bratiswaves
@BorisBezard, 750 dollars on huobi now and almost 800 dollars on kraken..; whats wrong ??
The_Cannalyst
@BorisBezard, the sl depends on which tf u r trading..for example here scalpsl-adjustment example
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