I think up move will continue, but I want to pick up it at the best price.
I set buy limit at $6663 — because it's a place where price stopped first time, that meant that level is important to the market and man traders hide their stops there.
Also, I think that price will make pull back to $6663 is: biggest we see on the highest candle, only weak and greed traders can buy something after when price moved up $1 300. Big players will drop them out.
Price is moving in triangle.
Signal to continue up move will be a broke up triangle and H1 close upper it.
I still hold long position
S/L move to $6634
- The three stars in the chart seem to be similar.
- There was a price increase due to the Tether problem yesterday.
- I think that issues are creating charts, and issues are needed to make charts. I think this rise is tending to the latter.
- If today's and tomorrow's closing prices are held to a certain extent, as the idea suggests, we can expect to see price increases on the October 26 CME expiration date.
CBOE(4.18.) Closing price < CME(4.27.) Closing price
CBOE(7.18.) Closing price < CME(7.27.) Closing price
CBOE(10.17.) Closing price ?? CME(10.26.) Closing price
It's getting crazier and crazier, BITFINEX is off by 5% in the meantime - and that's a lot. TradingView automatic TA tool says SELL Bitcoin on COINBASE and BUY Bitcoin on BITFINEX at the same time.
I've got a feeling some HUGE dump is just around the corner. Buckle up.