TradingView
Tradingstrategyguides
Nov 20, 2017 7:24 PM

Why are traders buying bitcoin? Long

COINBASE:BTCUSD60
Bitcoin / United States DollarCoinbase

Description

⋅
Over the last few weeks thousands and thousands of traders have been buying bitcoin.

But so few are buying at the top instead of waiting for the pullbacks.

Now I prefer daily pullbacks but I know some of you want to get in and out in days (or hours), not weeks.

So this is my take on BTC right now.

Wait for another small retracement and we should see it surge upwards again.

If you have additional thoughts on this I would love to hear them!

Also if enjoyed this could you simply reply "thanks" in the comments below!

Yours guys feedback mean a lot to me!

Happy monday traders
Trend AnalysisChart PatternsTechnical IndicatorsBTCBitcoin (Cryptocurrency)Ethereum (Cryptocurrency)LONGCryptocurrencycryptotradercryptolongsetupbuy
Comments
Tradingstrategyguides
⋅
Price did pull back to previous swing high and now is pausing. The what if scenario is happening now. If this happens (pullback to previous swing high) the 15m candles may go back into the previous swing highs range box. or they may bounce and continue the bullish continuation. Lets see what happens.
Tradingstrategyguides
⋅
Price did hit first TP at swing high and broke above it.
Tradingstrategyguides
⋅
Pair climbed to buy stop @ 8010.00 for Bullish Continuation. 1st TP is swing high.
Tradingstrategyguides
⋅
@Tradingstrategyguides, correction buy stop at 8110.00
Tradingstrategyguides
⋅
@Tradingstrategyguides, buy stop at 8010.00 was a good entry also after a one candle pullback.
Tradingstrategyguides
⋅
Why are traders buying bitcoin post.
This drop was fast and unexpected. I would wit awhile for the market to get its balance again. The original buy level was 8110.0 but if you have a trading plan that shows you an earlier entry let us know with a comment.
TradingStrategyGuides
mazyarapps
⋅
@Tradingstrategyguides, i had sell order in 7800.is it going dipper?where you think it will going to drop?
Tradingstrategyguides
⋅
Market dropped to a 50% fib retracement.
mazyarapps
⋅
@Tradingstrategyguides, where should be buy?
Tradingstrategyguides
⋅
Pair is in a current 15m divergence pattern that will develop the bearish pullback that we are waiting for to continue the bullish trend.
More