WaineNZeddmo
Long

BTCUSD WEEKLY BITCOIN MARKET CONDITIONS

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
With this idea, I want to get ready for a possible rally after Segwit 8/2.

On a weekly basis, a Flag pattern seems to have formed, and TP levels on the pattern are very close to Fibonacci Extension 1. Since these are new high levels, is usual to get resistance every 100$ and 500$.

Go long over resistance break, and place stops under resistance. This idea is for mid-term holders, but if you are bullish on Bitcoin long-term, I would place a chandelier exit on a daily basis once TP is close to be reached and uptrend is confirmed so we can TP on the 1.618 level.

WNZ
Free updates and analysis of the cryptocurrency market: https://t.me/ZeddmoTrading
Comment: 3150 as resistance. If 3150-3250 zone is broken, next target is 3500 zone and then 3950
Trade active: Trade active right after resistance broken on Friday night. Trade carefully, avoid FOMO. Also BIP 141 price seems locked already.
Comment: Market in the 3500-3600 zone. If there is a break next target, according to pattern is 3800
Comment: TARGET REACHED
Comment: If you left your position open, you can now place stop-loss near original target of 3800, and update higher if price moves over $4000
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out