MaryJane

Is this the next buying chance?

BITSTAMP:BTCUSD   Bitcoin / Dollar
1333 20 25
former view:
Is this a BO?


Today we nearly kissed the former bo-Level (possible entry Level 770-810) -....is this a chance or weakness?
The RSI is very oversold...! watch it!
Comment:
Buy @ 780 Sell @ 1400?
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nice c r r
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Comment: the first test of the FORMER BO LEVEL was bought..
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now we have reached the resistance @ 615..above that level the chart brightens a bit in this tf
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rsi is forming a buying signal
Comment: we havn`t reached the 0,5 fibo, thats really weak...
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is the correction finished now?
Comment: overbought now....and again kissing the min. correction fibo 38,2
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Comment: we are forming a tiny shortterm uptrend..thats good for the longs :-9
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the chart seems to break out to the upside ..it`s looking like a classical 1-2-3
Introduction into 1-2-3 Trading Pattern
Comment: but remember where we are:
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we are fighting against the downtrend at the moment. swingtrader would perhaps short that level caclical and would try to catch the next downswing
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Comment: yes Baby!!!!!!!!!!!
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Comment: nearly done!
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Comment: come on Baby!
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If Chinese trader goes away, will you still think that way?
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hi @JoE, hmm..my view is a pure technical view, without fundamantal backround...
Reply
What is the level of the no.2 if it's take down 780?
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MaryJane DanielPang
No 2 is the cyclical TP of the illustrated downtrend-channel @DanielPang,
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DanielPang MaryJane
@MaryJane, thanks.
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what does c r r mean
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MaryJane BorisBezard
@BorisBezard, chance-risk-ratio
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@MaryJane, thanks, did you remerk the price on kraken is much higher
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MaryJane BorisBezard
@BorisBezard, ah ok....thx for that info..how much is the spread?
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@MaryJane, 790 dollars now
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BorisBezard PRO BorisBezard
@BorisBezard, why do you put your stop limit so low ?
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BorisBezard PRO BorisBezard
@BorisBezard, 750 dollars on huobi now and almost 800 dollars on kraken..; whats wrong ??
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MaryJane BorisBezard
@BorisBezard, the sl depends on which tf u r trading..for example here scalpsl-adjustment example
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MaryJane MaryJane
@MaryJane, this triangle is bearish!
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MaryJane MaryJane
@MaryJane, danger that we will kiss the low again....
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@MaryJane, im sorry if my question is stupid, what is tf
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MaryJane BorisBezard
@BorisBezard, tf=timeframe
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@MaryJane, whats happening now ? whats your analyze ?
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my target 535
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Bravo!After reaching 1023 ,will it retest 880?
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