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jonzon21
Jul 7, 2020 5:13 PM

BTC short term 9.9k Long

Bitcoin / DollarBitfinex

Description

Slow rise (but safe)

Trade closed: target reached

Another chart inc
Comments
dRends35
jonzon21
dRends35
@jonzon21, I'm glad your trade went well, but you've traded within the tightening price band only and closed the trade just as BTC was breaking out. If BTC now breaks 10420 top there will perhaps be a strong break out with big green candles. Thats said its still closer to the top than the bottom for me. This is perhaps a temporary melt up happening in multiple markets.
jonzon21
@dRends35, I agree, I am ready to buy the breakout to the upside. But for now maybe btc will let altcoins breathe for a couple of days. what u expect for alts?
jonzon21
@dRends35, And i don't close at that point of this chart, I have this updated and closed to the market yesterday.

, but i expect more bullish movement
dRends35
@jonzon21, If Bitcoin pumps hard here then perhaps alts will likely run well for a bit when it consolidates. Not a great name but I like "Magic Willy Woo's Shitcoin indicator" to see Total Other Market Cap / BTCUSD or ALT / BTCUSD within one chart. Could be a useful moment, but for me I'll only trade alts hesitantly from here as its now late in the trade somewhat - happy to trade the other way later when BTC tops out if possible. Congrats on your trades.
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