stoploss exit this fella at 63xx for BITSTAMP:BTCUSD by mycotoxin

Trend Analysis

trendanalysis

stoploss exit this fella at 63xx
,,,just in case hes taking
an alternate path down to the 58xx zone

Comment:

4 hr

Comment:

if moving up higher a lot higher then BTC has to move above 6475

Comment:

follow the pink line and this looks like its just a retest bounce ...Down.

follow the purple line it shows that this is a retest bounce

Comment:

Aha ,,i see issue Bitfinex do not show the retest bounce ,,

going to hit 58xx - get out at the retest bounce

Comment:

its easy to make a mistake with the Bifinex chart as it omits the "retest bounce" and this is a big deal as the bounce tells a lot about an assets trend
We would have caught it with this chart (below) . But it just goes to show that some of the charts are misleading and double check everything ...

https://e/chart/BTCUSD/5Ns89wnc-if-BTC-drops-the-first-place-for-a-possible-bounce-is-6656/

Comment:

if BTC drops the first place for a possible bounce is 6656.

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