UnknownUnicorn942585

BTC/USD upcoming buy opportunity

BITFINEX:BTCUSD   Bitcoin
pictures say more than words.
Comment:
We might reach our target on this weekend followed by a monday pump
Comment:
I have seen recently many charts where people draw a support line at 3600 which is in my opinion false theres no real structure i wouldn't cosinder this as a support zone

My view on this:
Comment:
There is plenty more room to go down for the rsi on the daily timeframe, im looking for some hidden bullish divergence could take a bit till we reach this target.


Comment:
I want to illustrate here where to put buy orders and how much % you should on it

1. Buy order 3485 , 25%
2. Buy order 3310, , 50%
3. Buy order 3100 , 25%

Comment:
Theres a little chance to go to 4200 before we are heading more downwards sounds nuts

Bullish divergence on 4 hour timeframe , stochrsi turning up

Comment:
Market choosed the straight way down first buy area almost reached
Comment:
Great time to buy imo.

Area of interest reached.
Comment:
It went a bit off how ever expecting a little retrace now then 4k if everything went well.

i might update the idea later and post a chart
Comment:
Target was almost hit just 40 bucks away idea closed now no more updates.


- rakim
Trade closed: target reached
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