Hi all,
I am back with new chart. I see some bad move coming in for bitcoin. I am not holding any bitcoin other than which I am holding for lifetime hold. Most of you know I am a lifetime bitcoin bull, however for mid and short term traders can expect some wick down from here or from price little above.
Monthly chart is decisive for trends traders followed by huge sideways to take chances on dump.
Weekly candle is definitely week and could lead to a mini down wick.
30 mins candle confirmed the dip however never trade such a small time frame.
Trade Set up:
Sell : price > 11260 - 11460
Target : near to 8.5-9k
Stop /buy : not less than 12 K
Best regards,
Budha
I am back with new chart. I see some bad move coming in for bitcoin. I am not holding any bitcoin other than which I am holding for lifetime hold. Most of you know I am a lifetime bitcoin bull, however for mid and short term traders can expect some wick down from here or from price little above.
Trade Set up:
Sell : price > 11260 - 11460
Target : near to 8.5-9k
Stop /buy : not less than 12 K
Best regards,
Budha
Comment:
bitcoin bullish on daily chart however its strength is not so strong. Hence we shall wait until our stop hits which should be above 12k
Comment:
Just perfect candles that support our idea
Comment:
I don;t have any bitcoin now and not buying unless it crosses 12k. So lets watch the fun
Trade closed: stop reached:
Bad calculation, I still don't have Bitcoin so I wait this whole week before I make new decision
Trade closed: stop reached:
Bad calculation, I still don't have Bitcoin so I wait this whole week before I make new decision
Comment:
Been busy and not trading these days but see how good the stop loss is. Many went short at 12.4-12.5 but that was my stop loss, thats how we play when we play big and I still don't have bitcoin as I am not active in trading and busy with other things. I will work on another post some day when I am free
