CRInvestor
Long

1hr BTCE level to consider trade setups

BTCE:BTCUSD   Bitcoin / Dollar
183 8 1
Hello all, recon one can make a bullish case heading into SF conference. You may be a bear and that is perfectly fine, but consider for a moment where institutions would most likely want to put short on (Optimal trade entry zone). Couple that notion with the recent bullish action on the lower time frames and one can understand why a test of the $600 isn't too out of the question from current levels.

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BryceWH
2 years ago
Thanks! what x point are these fib bats being drawn from? cheers
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CRInvestor PRO BryceWH
2 years ago
snapshot
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grahvity
2 years ago
Bat?
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CRInvestor PRO grahvity
2 years ago
look at chart above
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grahvity CRInvestor
2 years ago
Gotcha. Thx
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Ronan
2 years ago
Psychologically, would you consider the retail reaction of "its over 600, were going to the moon!" to be the institutional shorting point?
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CRInvestor PRO Ronan
2 years ago
that 625 area is the top, if we pop up there that is where the instiutions will defend, if broken then bear dead imo
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Ronan CRInvestor
2 years ago
If we beat that top, which is a more poignant point than the 600+ mark where retail may believe we are in bullish territory, we'll actually be in bullish territory, I think I agree with your analysis
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