As I have been trading TD sequential for some time now, I am partially LONG on Bitcoin but managing my trades with very tight stop losses.
If we wish for parabolic movement, we should be above $7,400 - $7,500 for price predictions $9,000 and above. Other than that, you could say buying Bitcoin at its current levels is no different to hitting the button on a slot machine.
I remain overall bearish on Bitcoin's long-term movement at the moment unless we break upwards towards $7,400 - $7,500, because we would be too close the all time high to simply break down. I will keep my intraday setup still, unless stopped out.
Red/Orange = Bearish
Green = Bullish
If we wish for parabolic movement, we should be above $7,400 - $7,500 for price predictions $9,000 and above. Other than that, you could say buying Bitcoin at its current levels is no different to hitting the button on a slot machine.
I remain overall bearish on Bitcoin's long-term movement at the moment unless we break upwards towards $7,400 - $7,500, because we would be too close the all time high to simply break down. I will keep my intraday setup still, unless stopped out.
Red/Orange = Bearish
Green = Bullish
Comment:
possible break out of rising wedge ... neutral zone
Comment:
BEWARE: WE could be apart of a corrective phase of an elliot. If this is true, we can go lower tomorrow! Readjust position size!
Comment:
missed target, embrace for potential impact
Trade active:
it is hard to hypothesize where we may head to next
Comment:
see new analysis. we are currently long.
