BTCUSD Breakout Trade Idea

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Broke 8800 Major Level, to SUPPORT - (7550) Quarter Level. (7550) Is the nearest Major Support zone .
Awaiting a dead cat bounce from (9145) - Entry Level - Broke Ascending trendline> the Idea is that,
Once it bounces from Entry that it descends to levels of interest
Another Confirmation is the GDAX order book shows many orders at the (8900) level which is a Major Whole Level. From there I expect a Dead Cat bounce to the (9145) Level.

* I am not a Financial Advisor nor paid to publish these ideas. Trading is risky and Investing can result in total loss of Funds. Please Trade at your own risk and be careful. Again this is just an Idea to share for Educational Purposes*

- TheOzarkTrader
So you expect a Retrace to 8325 or 7550 as your entry point for a long position?

Or are you trying to enter at 8900 once 9145 level is reached and retrace back to 8900?

thanks for the info!
organized pump on bitfinex. profit taking on bitmex. thats all there is. teaching simple TA to newcomers and getting them trapped on 15min charts. same pattern over and over again
aikitran valtersboze
@valtersboze, I agree, It seems like a very artificial climb. When do you expect the next dump to be?
valtersboze aikitran
@aikitran, 9.3 area imho. if hype and mania returns then 14k, but i dont see real volume coming in for now. this unregulated markets is full of big sharks that will eat you when you are most sure of obvious TA. just like the big IHS in february, that dump was so obvious because longs went through the roof and every grandma had a tatoo of IHS
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