BTC Hidden Bullish Divergence - Big Bounce Incoming

May 9, 2018

I am expecting a bounce between here and 8.9k as stated a couple days ago. Perhaps have a small position here and add towards 8.8k with stops below 8.8k. That's my plan. Let's see what happens. On top of this, we have a nice regular divergence on smaller time frames in confluence with this level being strong support and the hidden bullish divergence on higher timeframes. Face melting bounce incoming.

May 9, 2018

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This is one of those trades where I recommend betting big. One of the higher probability trades that I have posted, though the risk is a bit higher on a percentage basis (unless you got bids filled sub 9k earlier, so lower leverage/wider stops would be a smart idea to avoid getting stopped out/liquidated just to see her moonshot right after.

May 9, 2018

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And when I say higher risk, I mean a wider stop necessary. More suitable for swing trades while some of my other posts are more geared towards shorter term scalp traders.

May 9, 2018

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Looking like the bottom could be set at this point ( just hit 9228 on finex. Looking for a break and close above 9270 to confirm that though.

May 9, 2018

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Looking good - still need to close and hold 9270 to have a better idea if that was the bottom. Significant break and close above 9400 would be even better. Regardless, I'm moving stops up as we go and have added on some dips as well incase we have hit the bottom of this short down trend.

May 10, 2018

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Still on track. Hope you filled those bags

May 10, 2018

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Here's a little update - as i've said we need to break 9.4 and hold to confirm a reversal on this 3 day down trend. We're consolidating right under that currently which is highly bullish and I wouldn't be surprised if we get a nice pop sometime here in the next few hours. Alternatively, I'd keep your stops tight because if we don't break up, we'll be looking for one more new low (probably 8850ish) before we have another crack at it. Regardless, I'm bullish and just holding a low leverage long in the even of a dip.I think a break of this level on some high volume could send us past 10k pretty damn quick as well. Which is why a low leverage/small postion size will still pay off and limit risk if we did have a hard dip here. 80% bullish.

May 10, 2018

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Key here is tight stop. Cut longs sub 9270 maybe a bit more if you have some free capital.

May 10, 2018

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Stopped out overnight. Perfect stop with chance to buy in lower.

May 10, 2018

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I have added a moderate position size here (9100) with room to buy more lower but have a feeling that this may be the lowest we go and because I can keep my stop tighter from here, feel comfortable with a larger postion size. Load up and get ready for the ride. But do not overleverage because one thing that I have learned is that no matter how confident you are, ANYTHING CAN HAPPEN and NOTHING IS GUARANTEED so always have a plan and stick to it.

May 10, 2018

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With that said, this is a MONEY long.

May 10, 2018

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Adding a bit here at 9010 and will continue to down to 8.8. Stops just below 8.8

May 11, 2018

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Another note: there's been several big walls on finex 500btc and 1000btc that sitting there waiting to be filled.The 500btc wall was filled and the 1000 maybe half filled. with zero big market sells at all. This is accumulation and the pros are filling up down here (and will continue to if we see lower). This is such a good long opportunity you have no idea.

May 11, 2018

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Either this is the bottom (8.8k) or 8.8k. If those both break, at least we will know in which direction we're headed in the coming weeks, however the risk (100-200 per btc here) vs the reward (well over $1000 per btc) is ridiculous and this is the exact place it should bounce. 8.8k is highly possible as well so set some bids.