TradingView
DealerBTC
Jan 12, 2020 9:24 PM

RACEACEACE BTCUSD #BITCOIN XBTUSD THE DEVIL IS ALIVE UPDATE Long

Bitcoin / U.S. dollarBitstamp

Description

Update to my previous idea. It is in play. Wasn't I right about 18:30? Let's go....


I took a closer look at the Devil fractal and the S/R's are almost identically playing out. The last part from this weekend, has however been stretched out. Although the shape is no longer identical (probably due to the weekend), I believe the S/R pattern will continue to play out.

Based on the Devil fractal pattern, I'm considering the following possibilities:

1. Move up to 8400
2. Move down to 8100
3. Move up to 8600

in that order.

Specifically:

Support: 8130
Resistance: 8340, 8400, 8674

I, personally am closing my long scalp trade at 8250. I will take a break at that point. Just a reminder, I'm a lower t.f scalp trader. I am not a swing trader.

Trade active



The Devil is Alive. I am still in my long and plan to hold it until when I don't want ot hold it anymore.

Trade active

My take profit order is at 8445. If it doesn't hit, I'll manually close. It may get violent (up or down) at daily / weekly close (in 50 minutes)

Trade closed manually

i HAVE CLOSED TRADE. BELOW 8120 IS BEAR FOR ME. I DO NOT LIKE THE BULL POWER.
Comments
riggers88
Trade closed or have you updated since thinking 8400 - 8100 - 8600
DealerBTC
@riggers88, trade closed. I've just been swarmed with work. I'll be back shortly
ssari
i agree it does look strong...a grind. Too risky
cprime
Im hoping for more big dips, like massive moves. But Of course ive been very wrong here lately.
More