Opportunity To Long For The Ones That Missed Our Previous Long!
Updated
Hi, I would like to share My positioning on this BTC Price Action.
First of All, Congrats to everyone that manage to buy and accumulate on the safe zone(7500-7800) as described in the previous BTC chart.
For Everyone that want this to explode, yes, it will. But after another last accumulation. You can look how we still playing on the first fractal chart, for now as it indicates the bottom is in and now it would make a test of the Resistance line now that would act like support line.
We have a Nice Breakout above the bearish channel that I was posting each time to short. Now, We would use it in this case as Support. Also this range between 8500-8800 make many points in connection, We have previous resistance acting like support, we have the 0.382 fib retracement, and also the recent CME gap.
Again purple lines are = critical points on 2017. Now, Is a different time, price moves quicker but still levels of those critical points are important.
TP: You make your own TP, our goal is to accumulate BTC and keep it for the next high.
Note: This pattern would be complete invalid if the price go below 0.236 fib retracement and start closing candles 4h/daily on that area.
Recommendation: Trade safe with SL. Again This is considering the time I was mentioning on other charts. Prepare the BTC accumulation and lets wait until January-February for the hype to start breaking and making new highs. GL!
PD: The critery
Your criteria your inner voice has to be superior . The history of the market, the narrative of the market that you carry whatever you carry, has to be superior to everyone's. Even if everyone tells you otherwise and is your own people.
You have to believe in your criteria, if you are wrong you have to get out of trade is with the market, not the ideas of others. Is the market that tells you that you are wrong and for that you have to have your own knowledge and your own Criteria.
First of All, Congrats to everyone that manage to buy and accumulate on the safe zone(7500-7800) as described in the previous BTC chart.
For Everyone that want this to explode, yes, it will. But after another last accumulation. You can look how we still playing on the first fractal chart, for now as it indicates the bottom is in and now it would make a test of the Resistance line now that would act like support line.
We have a Nice Breakout above the bearish channel that I was posting each time to short. Now, We would use it in this case as Support. Also this range between 8500-8800 make many points in connection, We have previous resistance acting like support, we have the 0.382 fib retracement, and also the recent CME gap.
Again purple lines are = critical points on 2017. Now, Is a different time, price moves quicker but still levels of those critical points are important.
TP: You make your own TP, our goal is to accumulate BTC and keep it for the next high.
Note: This pattern would be complete invalid if the price go below 0.236 fib retracement and start closing candles 4h/daily on that area.
Recommendation: Trade safe with SL. Again This is considering the time I was mentioning on other charts. Prepare the BTC accumulation and lets wait until January-February for the hype to start breaking and making new highs. GL!
PD: The critery
Your criteria your inner voice has to be superior . The history of the market, the narrative of the market that you carry whatever you carry, has to be superior to everyone's. Even if everyone tells you otherwise and is your own people.
You have to believe in your criteria, if you are wrong you have to get out of trade is with the market, not the ideas of others. Is the market that tells you that you are wrong and for that you have to have your own knowledge and your own Criteria.
Trade active
Positioning at 8560 perfectly catch now just give it time for the next move.
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