J.Livermore
Short

Bounce for high or pullback for lower + ichimoku trades

BITSTAMP:BTCUSD   Bitcoin / Dollar
298 1 4
Wanted to share my last 2 successful trades with ichimoku read on 1H TF.

A) Long 493 to 530/519 (+6.4%)
B) Short 519 to 516 (stop loss 0) or 470~ (+9% potential)

Today's question is right now:

bounce for higher continuing the short term bull trend.

or

pullback for lower as a consolidation or bet gack to bearish downtrend.

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Nice trades, I m also looking at the 516 level, but to me 500 support looks strong enought to hold. Maybe you should have closed between 500 and 507 level and reopen once 500 would be broken. As you can see we have 2 major lines on the 1h chart highlighting this area :
snapshot


Here is my analyse on the 1D, 4h, 2h and 1h charts on bfx :
snapshot
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