TradingView
vader22
Feb 13, 2018 1:34 AM

Simple BTC/USD analysis + Trade idea. Long

Bitcoin / DollarBitfinex

Description

I don't like to get too crazy with indicators, in my opinion it superfluous and ultimately provides more confusion than clarity. I like to stick with 1,2,3 bottom formations and use the fib tool to project possible movements. Indicated is the 1,2,3, bottom forming in the price, where the break out would need to be above the '2'.

My Trade: ONLY IF the price breaks through the $9100 mark on Bitfinex, my trade is opened.
2 trade positions:
BUY 2 @ $9135
SELL 1 @ $9834, SELL 1 @ $10800
STOP: $8790

Comment

Coming back up, trade activates only at $9135.

Comment

This trade is now active!

Trade active

Target 1 reached!

Trade closed: target reached

Success!
Comments
tammy007
stop loss hit...time to sleep and take some rest
vader22
@tammy007, trade is not active yet - only activates if price breaks above $9100.
More