docholliday

btcusd downtrend correction - break or continue

BITSTAMP:BTCUSD   Bitcoin / Dollar
234 12 8
sideways move looks corrective - will need to break out.. or one more drop in the correction..
docholliday PRO
4 months ago
if you are in the buy on break of trendline -- it is not going, so get it to break even and watch careful as it comes here (orange) - we can not rule out reversing back down at this point, so be careful.
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docholliday PRO
4 months ago
making a nice consolidation set up on the 240. Looks attractive for a buy on the breakout. lets see if we get it..
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docholliday PRO
4 months ago
hope some of you got this! Moving stops into profit -- if you are not in at this point, wait for a correction/ consolidation before the next buy! Happy trading!
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docholliday PRO
4 months ago
remember on the daily we are looking for another impulse up.. target may be around the 800 area..
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docholliday PRO docholliday
4 months ago
so dont worry if not in yet.. there will be a way to get in, is this the start of that impulse? looks promising..
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FluidicFX PRO
4 months ago
Nice chart. Happy it broke to upside! :)
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docholliday PRO
4 months ago
getting a 60 min flag to add on to buy.. do not think it is ready to go yet.. so watch it..
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docholliday PRO
4 months ago
if you got this add on - get to break even now -- beware of possible 3 wave more complex correction -
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docholliday PRO
4 months ago
Interesting chart on this pair for those that are wave (elliott) traders -- we may be looking at formation of an Expanding Diagonal structure and there was a nice triangle for the continuation pattern to upside we can see before. These structures are looking very nice for those that follow EWT.
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docholliday PRO
4 months ago
may look for a deeper pullback to the 382 or 50 fib area and then look for another buy.. lets see..
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docholliday PRO
3 months ago
daily structure and 240 are looking way more corrective for downside -- spike I was looking for is not going.. may want to take profit here and get out or look for sells soon ..
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docholliday PRO
3 months ago
looking more like sell set up coming on break of upside channel - may be soon
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