Did I have a plan to buy or sell at this price? Or am I reacting to the market? If you’re reacting, stop here.
Always have a plan for all contingencies. The Price is X. If it goes up to Y I’ll buy or sell, If it goes down to Z I’ll buy or sell.
Have fun.
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targets
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buy target reached, resistance turned support now fomo
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its moving ahead as charted but sunday/monday are know to be bloody
stop loss €8595
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Just noticed previous resistance scenario. Hope not as that would trigger my stop loss.
I'll keep an eye on it.
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UP.
Lets see where it lands. i'm not taking profits until €9800.
let winners run
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same story stop or let run
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well then.. great reminder stop loss or let run is key.
Since we are inside the red bear channel lowers are still in play but we are also inside the blue upptrend channel.
Until recently we got above that channel but now inside it, still aiming for the outer layer of the red bear channel. That is where I said will be the final battle.
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We need to break purple to keep going above trend channel formed from bottom.
Plus side we are still above the mid green line of the 2017 channel.
Today is crucial as I always fear bloody mondays!
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we got rejected but landed on 2017 channel mid average. I got a tight stop loss as we might revisit 8283 support and below if bloody monday visits.
If purple roof breaks we can leave the roof of the uptrend and resume a more bullish attack on the dread red bear channel.
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Looking better, but still no trust for mondays!
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We're probably going down to retest 8283 or worse :D
Gonna rebuy at that level and then stop loss beneath it. Could be a 5% loss or a +20% profit.
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yeppapido, how low can it go :) ?
As I said, I'm playing 8283 for a quick buck and then we have very little support down to 7800
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this one is messy but still, I got stop loss:ed out.
I redrew the chart, If im wrong i have set a stop loss buy at gren dotted line.
Otherwise still the same idea.
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bloody monday bloody monday
it will get worse before it gets better <3
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buy order at 8200-8300 should be good.
stop loss beneath it
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this line is being defended heavily.
this is the top side of the same resistance line as the blue one.
bears are decisive
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bought in again at 8424. Stop loss 8420.
There was some real good action going on right there, market orders worth millions per second. This is what we all love and hate about btc am i right? It is just a matter of being on the right side of the trade, full on psychological war.
If you keep your fomo and fud in check then sky is the limit.
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Just got home in time for some action.
Rode my long form 8424 to 8952. As i moved my stop loss upp every support level. As the price reached closer to the top both the jumps and stop loss got tighter.
As I feared. Bloody monday is upon us.
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First target is 8816 and it was just reached, too fast. We already bounced. TBH I haven't had the time to analyze the situation and i will not try to play this.
I will watch it and stop loss buy my exit in case if it goes up. Otherwise I'm letting gravity do its work baby.
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bulls are strong today. might be because bloody monday hasn't started yet or because there was a lot of sideline money waiting to rebuy without needing to wire in the money.
We're flirting with important resistance/support lines. Don't think it will be decisive for the mayor trend but will affect where btc tackles it down trend red channel.
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messy charts, btc ain't got time for nothing
almost made it above water
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excuse my chart atm
rough sailing through these waters but we got some good momentum going, if we stay above past support. we might blow right through straight for the final showdown.
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support /resistance squeezing tighter
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Same idea. 1h view. lots of pressure from both sides. whoever wins bull or bear wins big.
I'm not taking sides, playing both scenarios. holding atm, selling at top of blue resistance, if it breaks upwards i'll stop loss buy or wait for support. Depends on the violence.
If it breaks down, I'll stop loss and rebuy (& if necessary sell) next support all the way down to bottom.
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Sold, Last time to buy at the bottom of the channel before breakout, either up or down.
Stop loss ofc beneath
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That was a close one, luckily I rebought at last exit just before the pump.
Let's see where it lands. If it holds support this is the last chart of this serie.
New chart coming up for the final battle with the bear.
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we need a bounce and a close above on the 1h first though
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ya man
now sleep son
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we rechead prev target of 9400
heading for 9700 instead of 9800
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coling up to the make or break.
Showdown is tonight or tomorrow.
New bankwire money is getting in. USA is waking up. I expected some bouncing up and down until the pressure becomes to big. unfortunately we're positioned unfavourably beneath the resistance lines, fib, blue resistance and purple trend lines, plus the big fat red bear on top of it all.
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broke out to retest roof blue trend line which should be fairly weak and head against the btc sell wall on 9800, I believe a lot of shorters will hide there too. stay safe.
I have half a position atm, will enter full position at support before taking on resistance at 9800
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this baby is going up through the resistance, we'll see how it handles 12k usd
there are some unnatural sell walls there. 50-100 btc each that keeps moving upwards after convenience.
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sold 9500
bought again on support .
stop loss on support är key
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we might go lower 8800
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Yep prev support was too weak, only real support is at 8283
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let it fall down .
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New idea on the macro trends possible for 2018
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finishing this series now. New chart coming up.
Almost reached target of 8283 at 8320.
I bought and i'm hoping for a rebound. a failure to do so would put both bull channel and recovery in jeopardy. next level would be 7800 euro