Akil_Stokes
Long

BTCUSD: Reading The Wicks for a long entry

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
In yesterday's interview/webinar I got asked the question about my outlook on Bitcoin             . At the time I responded by saying that all I see is consolidation and didn't have a real prediction to make. (Here's a link to the recorded webinar if you missed it https://www.youtube.com/watch?v=A-zBd9LPCXE)

As I look at the chart today, although we're still consolidating, the candlesticks are telling me a heck of a story by the length of their wicks to the downside. Buying pressure is what I see at this level over the past few hours, so if I were a trader of this pair I would BUY!

No it's not a high probability trade. For those of you who were in the Combined Technical Score training yesterday we probably only have a CTS             score of 1. But as a pure structure based trade it offers a good risk reward in my opinion. I wouldn't expect any crazy breakout of anything like that, but a move back across is certainly possible.
Here's A Free Training Lesson for you on "The Only 3 Ways to Trade"
https://buff.ly/2GLYOOQ

Make sure you check my Trading Podcast & Videos
https://www.youtube.com/akilstokes


Open Enrollment Deals ending on April 30th https://buff.ly/2K6Jbj8
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out