f-73

Longing the panic

Long
f-73 Updated   
BITSTAMP:BTCUSD   Bitcoin
Looking for a bounce.

3D Chart:

Trade active:
Long since minutes, at 4457$
Comment:
Good. Now set a SL and let it go.
Comment:
Bounce, rejection at 5000$, now forming a triangle.


Good luck.
Comment:
Tough. Bulls should try to recover 5000$ within a couple hours aor we'll have more sideways and headaches.
Comment:
Why?

A morning star desperately needed on 4H in order to later deal with 5500-5600$ key area. Failing here would matter.

Comment:
Again, set a TP or SL.
You're playing with fire here!
Comment:
I think somebody is methodically dumping, no idea how long it will last.
Look at the two previous clear rejections ate the 6000$ mark.
Comment:
They're suppressing bounces an at the right momenti they'll push price up.
Problem is we have no idea about their target low.

Awaiting 4H close.
Comment:
Morning star on 4H.
Evening star ( possibly) on 15M.


Hopefully we may have a second leg up later.
Comment:
Here we are, MMU / Cup & handle attempt ongoing.


For now it looks weak, but let's HOPE bulls have some volume up their sleeve.
Failing such an occasion would be rather bad.
Comment:
See also the templative ascending triangle.

There's all is needed, except strong volume.
So we have to wait and see.
Comment:
AGAIN: Remember to place a Take profit, you have already a +15% gain in your hands if you played this trade like me.Let it go, but don't waste all your gain in case things go wrong ;)
Trade closed: stop reached:
TP fired @8060$.

Amazing what bulls managed to waste here.
Hope you followed the above advice.
Comment:
Comment:
Trade was closed with an intraday 13% gain ( plus margin ).
Looking forward to next one.
Comment:
WTF?

Comment:
Looks like we're going to have supplimentary time.
Technically another way bigger ascending triangle is forming.

It's up to you, i'm tired now,
Comment:
So tired i wrote: " TP fired @8060$"
that's obviously 5060$, folks :)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.