Trading-Guru

Moving in on the All-Time High - What Will BTC Do Next

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
In my previous ideas I showed you how BTC is following a perfect parabola at the moment. It hasn't broken in months now.

If we keep following this parabola we can expect that the price will break through the all-time high in only a few days.

It is very difficult to come up with a sane trading strategy if it does. A common strategy that I like in such situations is to trade with a trailing stop-loss. Essentially you keep dynamically increasing your stop loss every time the price goes up.

You have the infinite potential of a coin that's mooning while having your risk capped at the same time. A great win-win.

The resistance on the all-time high is incredibly important though. If the all-time high breaks, we can expect a lot of external consequences as well. For instance, more news articles will be published about the breaking of the previous all time high.

Subsequently, we can expect more attention drawn to bitcoin , increasing the demand while keeping the supply stable. This creates a second influx of demand that can be great for the price. Expect that if BTC breaks above $20,000 we will see an immediate secondary response of another easy +10% gain.

-Trading-Guru
Comment: What an intense response to the breaking of the parabola!

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Comments

Please update yfi,thanks
+1 Reply
Trading-Guru dimaskurus03
@dimaskurus03, Just for you!
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I would also like to remind you that I make all of this available completely for free. If you like my work, you can help me out greatly by giving me a thumbs up on this idea
+1 Reply
Thanx for your chart! Always a pleasure to read :-)
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the trend is your fiend, until it ends... :-(
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GET REKT:)))
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@Trading-Guru is your parabola broken now? whats next?
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good analysis, its pseudotrend, Probable peak in January.
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