cryptoboater

"If trading based on conditionals looked like a football play."

Long
COINBASE:BTCUSD   Bitcoin
I don't post about near term time frames much on T.V. but thought I'd have a bit of fun with this one. $BTC 1 hr. My plan for the next few days drawn like a football play: changed my mind on not taking any profit, I took 60% of profit made from entry in 3380's and then set new orders with half of said taken profit from 3530 to 3500, as there is a very large and strong looking cluster of support there: (weekly 9 MA, hourly 600 sma {= ~23 sma on the daily}, hourly 300 DEMA, and also the hourly 180 SMA {= 9 sma on daily} not far below at 3482). If we hold ~3500 then move back up I would consider the bulls having successfully defended in "bullish defense;" but would get more bullish If we break above 3736. If we break below 3467 however, I would look for a test of 3349. That may bounce, if so, then a test of higher minor resistances, if this support breaks or the higher resistances successfully reject then I would be bearish again, particularly if we move below the 3340's.

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