Prothius187
Long

Strong support at 4150 hit

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
51 0 2
5 months ago
As I thought might happen, when BTC started sliding, all indicators quickly went bearish which pushed price into the Daily cloud and then price rapidly went into free fall from there. Currently, indicators are still indicating the bearish trend , but strong support has held at 4150 once again. This is the last major support we had that was tested multiple time previously and never broke. Resistance at this point is fierce. As planned previously, I have opened a long position that I have awaited weeks to enter. My Stop loss is at 4120 just on the other side of the lowest resistance point, and see this long all the way back to test 4600. If my stop loss is hit, I will look to re-enter a long after the next major support is reached, which is currently identified as around the 3600 point.
5 months ago
Comment: Sorry labeled resistance when I meant support above. My stop loss is at 4120 just below major support.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out