DanLaffas
Long

Bulls in charge - BTC Bitfinex H4

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Opened a new long at 380.20 after holding support at 377.49
Target is 414 with stop- loss set at 377
Hi Dan. Have you closed that trade now that we've hit 414 or are you running a trailing stop?
Reply
DanLaffas johnrfraser
G'day John, no my trade is closed. I set this up and went to bed as I was too much in my head with the current action. It was nice to wake up to this. I am still holding BTC though and will keep it until we get a reversal. For now I will wait for a proper retracement and then enter another long setup to my final target before we head back down to retest 275 or make a new low.
Reply
johnrfraser DanLaffas
Thanks a lot Dan. i was holding but have just sold at 420. Flag looks to be bottom heavy to me. Plus I imagine 4xforecasters wolf may actually rear its head. You?
Reply
DanLaffas johnrfraser
I have actually opened another small long position in the belief that we will hit the daily 200 EMA. See my chart here:
 

Also, I initially posted the Wolfe Wave proposition to 4xForecaster asking if it was possible. My idea won't be validated though until we make a top and reverse. For now I think we will see a retracement for a final push to 500-520 region (hopefully after closing this current long at 466). Here is my Wolfe Wave chart:
Reply
DanLaffas johnrfraser
New trade here:
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