MoonTrader
Short

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