BTC Weekly Close Report Card

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
G'Day Cobbers,

Just a quick update of the Weekly chart now we have opened a new candle. Everything is contained on the chart, I am bullish but this is an unbiased view of how I see the overall trend currently. I don't trade off of these charts, depending on the timeframe of the trades I will use the Daily or 4-6hr chart.

Good Luck
Note it is testing 20 Weekly MA not Daily as stated on chart. (edit)

Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.

Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
Comment: If you are wondering why this price is so hard to break, take a good look. Sometimes a change in perspective helps. Very important level right now.
Comment: Not sure if that will work but it a link to my current play. I am long still but as we approached the resistance I have set a Decembers Short Hedge, December is in full Contango so you will be in the red instantly but if it plays out I will see a lovely profit. I would use a tight stop above the resistance line.
Comment: Let us see how this plays out, added to my long, moved a stop with 60% take profit right up to 7600. Will wait and see now.
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