Target hit - looking for pullback

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
After nailing a 17% trade, the market appears to be overbought and hitting strong resistance. The volume says we won't break it this time, so I'm expecting a pullback to the breakout zone before making a trend decision.

This isn't a concrete trade strategy yet, just a hunch. Look for possible topping patterns to confirm. We may reach slightly higher, but I don't expect to break $275.

Your analysis is very accurate, thank you for sharing
Don't short until has hit 1600 CNY. China presses the US trader upwards.
ChartArt ChartArt
Don't short until CHINA has hit 1600 CNY.
MoonTrader ChartArt
Yep. Like I said, we could go a little higher, but this is where I'll be looking for topping patterns.
Tdot MoonTrader
Could you talk about those topping patterns are your strategy around those in your future ideas?
Sure. When one comes up, I'll make another chart.
+3 Reply
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