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ArShevelev
Dec 3, 2017 9:25 PM

Bitcoin entry for Short Position. Possible demand for Long! Short

Bitcoin / U.S. dollarBitstamp

Description

Idea based on Support and Resistance.
Open your position depending on direction of breakout Pink Square zone.

Trade active

Moving down!

Trade active

Trade active

Trade active

Trade active

Trade active

History repeats?

Trade active

Trade active

EW analysis

Trade active

Trade active

Trade active

Important update!

Comment

Important update!

Trade active

breakout UP

Trade closed: stop reached

It could fall anytime:

Trade closed: stop reached

Price break strong support level. It will rise more. Use 11800 - 12500 zone as support!
Comments
bruma
@a.shevelev002 can you plese explain why is it active again?
ArShevelev
@bruma, it didn't hit stop loss
bruma
@a.shevelev002, I see now, thanks.
If we don't want to short, just sell and then rebuy, where should we put sell order? 11203?
ArShevelev
@bruma, Yes, watch for price action in top resistance zone. If break up - dont sell, if break down - sell, and rebuy on 9000 or lower if possible.
bruma
@a.shevelev002, thanks :)
teppi020387
@a.shevelev002, now the price is 11480. Can I buy BTC ? Thanks
ArShevelev
@teppi0203, wait and watch for price action in top resistance zone.
teppi020387
@a.shevelev002, Price is 11319 can we open position for short?
ArShevelev
@teppi020387, Yes, dont forget about stop loss
teppi020387
@a.shevelev002, Thank you very much
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