As we see the Bitcoin is at a time quite frustrating for traders as it barely moves.
We see here as since August the price has gone through this horizontal support that I have drawn.
Well, as you can see the price does not seem to want to give in this area due to the large increase in shorts and the little interest in playing long (the latter due to funding and premiuns that are occurring in the exchanges Bitfinex and others, so that I advise to use Bitstamp or Gdax to charter).
That said most of the shorts are included in my red rectangle and many stop loss in the last swimg high 6800.
The first objective would be the 6500 since the resistance of 63xx is quite weak
Entrys : 6218/6165/6135/6070 / Stop loss 6015
It is the work of the bulls that we can squeeze because otherwise a bad week is presented.
If you want more analysis and better set up/education :
I just opened for public my trading group and if you want to follow more in detail and be part of my work day, you can join on a monthly basis.
If you are interested private or telegram @ M0byy
Whisperer92
D4rkPool
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bad news yesterday on 3d candle , we are below 200ma - tight STOPLOSS 6050 , in case price moves up set a inmedialty stoploss breakeven or profit.
Not confident in this trade at all .
Not confident in this trade at all .
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Resist 6338 200ma and horizontal
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What happened here? mm , good news PUT stoploss breakeven ! :)
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up stoploss and set a small profits.
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4h chart shot term ma 6224 td8.
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Easy advice how to move your stoploss
Trade closed: stop reached
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New update vip.
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crazy