Latest Update 21.30 GMT
We can by on a break of the dynamic holding back price off
the highs - stop below the line...hope for a good clean break
with enough powwer to break above the highs...if you go long
just be careful at the highs....great if we see green candles
beat it there...if it stutters and halts close down for small win
and go again if and when the line is beaten
Hope you were not put off by the messing all over the line
after it was broken...look at the pin bar of desire/greed off
the line? You could SEE this was beinning to look good here
after 20 minutes of thrashing around ABOVE the line...a really
good thorough test and it survived, no problem. You KNOW
that price is irrelevant now, but it's still there in the back of
your mind making you hesitiate. Forget everything you
thought you knew about price. This is Bitcoin. It does not
apply. Everywhere else in the investment universe price
matters. Just not here. Only patterns matter here. Follow
your chart or follow your heart. You must decide.
It stays good whilst within the parallels. so stops just
under lower line rising dynamically as the parallels rise above it.
We can by on a break of the dynamic holding back price off
the highs - stop below the line...hope for a good clean break
with enough powwer to break above the highs...if you go long
just be careful at the highs....great if we see green candles
beat it there...if it stutters and halts close down for small win
and go again if and when the line is beaten
Hope you were not put off by the messing all over the line
after it was broken...look at the pin bar of desire/greed off
the line? You could SEE this was beinning to look good here
after 20 minutes of thrashing around ABOVE the line...a really
good thorough test and it survived, no problem. You KNOW
that price is irrelevant now, but it's still there in the back of
your mind making you hesitiate. Forget everything you
thought you knew about price. This is Bitcoin. It does not
apply. Everywhere else in the investment universe price
matters. Just not here. Only patterns matter here. Follow
your chart or follow your heart. You must decide.
It stays good whilst within the parallels. so stops just
under lower line rising dynamically as the parallels rise above it.
Comment:
Raise stop on long to 16140 and run it or sell off the upper parallel highs. Am doing latter for another 600 profit - but it's Ok to run it
Comment:
Just heard that the Times newspaper (another Murdoch mouthpiece) i London has Bitcoin on their FRONT page tomorrow. mainstream or what? This was the first sign we were looking for to tell us a major top was not far away. Gulp. It doesn't mean we've got there yet but it is a cause for concern and we tread even more carefully from here. It's hardly the end of Bitcoin because the Times has it on the front page. It's a sign of the times - didn't even see that pun until it was written. It's the first sign. Is all. But we still need to tread carefully. we've always known that. We follow the chart for today's news, not the Times for yesterday's news. OK
Comment:
BITCOIN NEXT BUY POINT Buy a break above 16610 for test of upper parallel with stopbelow 16600 when break happens for small loss if wrong...break will be good if we see it
Comment:
Comment:
So we lost about 15 points there, but this could still be OK if and when it can break above the high at 16620 by 20 points or so...look to buy the pull back then and still use a tight stop...better lose 10 or 15 than 20 even if we have made about 1900 today. every point counts. May gettaken yet again...don't give up though