Bitcoin: BTCUSD Update Key Levels inside the parallels now
Bitcoin BTCUSD Badly Drawn Boy
Wow. Broken the upper parallel and now consolidating around
where we sold. It looks like a buy from 8530 but must hold
here or it's likely to fall away more, potentially back to 8410
at lowest so stops on longs from here need to be quite tight
underneath.
Bit slow to see the new fantastic parallels emerging...should
have used that and not the other dying parallels from the last
couple of days as exit.My slowness, looking at other stuff - But
have left the old parallels on which may look confusing but
it's interesting so see these old resistance lines now seem to
act as support, containing the consolidation inclose up...draw
these lines on your chart! They live...so no bying under that
big new powerful parallel now in control of the upside, and
careful with day trading...you can seewhat it's
doing...dancing between the parallels...so wild. Use
this...fine lines..fishing...for now. It should build a little
flag as it does it...two strikes on the lower line will show hot.
Otherwise not so much near term
And the Alts V Bitcoin will get some respite now so they are a
buy...You got this now. yes?
Wow. Broken the upper parallel and now consolidating around
where we sold. It looks like a buy from 8530 but must hold
here or it's likely to fall away more, potentially back to 8410
at lowest so stops on longs from here need to be quite tight
underneath.
Bit slow to see the new fantastic parallels emerging...should
have used that and not the other dying parallels from the last
couple of days as exit.My slowness, looking at other stuff - But
have left the old parallels on which may look confusing but
it's interesting so see these old resistance lines now seem to
act as support, containing the consolidation inclose up...draw
these lines on your chart! They live...so no bying under that
big new powerful parallel now in control of the upside, and
careful with day trading...you can seewhat it's
doing...dancing between the parallels...so wild. Use
this...fine lines..fishing...for now. It should build a little
flag as it does it...two strikes on the lower line will show hot.
Otherwise not so much near term
And the Alts V Bitcoin will get some respite now so they are a
buy...You got this now. yes?
Comment:
We should have got filled at last at 8560, stops as above.. let's see where this goes now. Just an amazing display of technical gymnastics so far on this quiet saturday. Don't get dragged out shopping. as if. Looking like it's now using the upper most line as support...stay long and even increase here, stops as above for now
Comment:
Comment:
Loosely defined flag may be emerging which could help day traders,,stops on longs need to be under the lower parallel, adjusting as it develops..it's too early to know how trustworthy this is yet...the next strikes will help to tell us... two strikes means it's still hot,,,let's see
Trade active:
longs need to adjust stop so it remains under the line on chart that's supporting this consolidation. this only goes negative near term if it breaks below the line..
Comment:
if day trading there is near term range which means a sell from 8570-80 and buy at 8530-40 for a while yet dropping the sell price a little with each rally...
Comment:
itcoin the new parallels emerging on Bitcoin are so perfect...look at the last spike left at the last high...some time playing this range now but ok whilst it holds the lower small parallel. Bad if it loses it in near term. range getting smaller careful now don't push the asks...can flip down below line so play carefully with stops under it! And follow the break to the upside, which may be some time coming
Football, maybe
Football, maybe
Comment:
last point for now: that pin bar at the top shows serious selling power and likely a quite protracted period of unwinding...good for day traders who get that picture. adjusting for a downward bias and lack of buyers. Boring many...before popping to the upside again. later
Comment:
Really good bear engulfing green candle but still a near term sell if you bought lower down ...trade the range...but it's spikey and you need to be quick at the top to grab profits...range has widened again to what it was but see those pins? Just abit more unwinding before it goes again. We follow that break (up or down, if a day trader)
Comment:
One other thing, this never stops: am really advocating selling longs off the 8600ish if seen or lower to be safe in getting struck and buying off the lows again if seen. Not switching to shorts from the top but if you've been brave enough to do that too, hats off, you've had it away. Trying to Stack up points to use as stops for the next break out...gearing up for some. If it fails, you break even, if it wins, you win bigly. Are you active Trump or are you vacillating Hillary? Which profile do you have? It's perfectly OK to be either. Though each tends to disdain the other. It's Ok to be different. Peace. And Football finally
Comment:
Right on cusp now of breakout...need to be wary...has to break above th e old high andit can surge again...follow that break if we see it but we want to see a big green candle to know it's good
Comment:
and if this trade gets triggered we use a stop under 8600 by 10 points or so. Don't want to get sucked into a bad break here...has to show good by breaking the new high then...so careful...watch the break carefully. If it comes...
Trade active:
Breakout but constrained by the upper parallel - good to day trade again, closing longs off the parallel and buying back at 8610 8620 as it moves sideways for a while
Comment:
Bitcoin Amazing price action as it dances between the old parallels as upport an dthe new bigger tougher one above as resistance...perfect day trading conditions here still, buying off the lower parallel and closing out at the upper one. Should be gathering points like squirrels gather nuts now...
Trade active:
Bitcoin
New flag forming to trade between...only gets serious on downside if this flag fails on downside for fall back to beginning of structure ...this unwinding can take a while with downside bias now due to flag
New flag forming to trade between...only gets serious on downside if this flag fails on downside for fall back to beginning of structure ...this unwinding can take a while with downside bias now due to flag
Comment:
Bitcoin
Two strikes means hot. Like this...it is likely to bust upwards soon again. Stop selling off the highs and hold...if it breaks above the flag it should push up to the upper parallel and create a spike again...tells us the rejection is good...but with an upward bias , closing out longs there and buying back again lower down.
That upper parallel is bossing the move to the upside ...would have to break above here to run free again...unlikely...but it's Bitcoin. We cannot rule out anything completely.
Two strikes means hot. Like this...it is likely to bust upwards soon again. Stop selling off the highs and hold...if it breaks above the flag it should push up to the upper parallel and create a spike again...tells us the rejection is good...but with an upward bias , closing out longs there and buying back again lower down.
That upper parallel is bossing the move to the upside ...would have to break above here to run free again...unlikely...but it's Bitcoin. We cannot rule out anything completely.
Trade active:
Bitcoin Little uptrend line off the lows to use for day trading now...if it breaks it will come back to the lower line again...no buying power, slow boring rinse out before next move up ...please not in China. Save it for us...
Comment:
For the record: Don't know how many points you've managed to take or scalp today but most will have managed at least 200. And some will be looking at 400 to 500 if they've been day trading between the lines as they've morphed and changed over the day. Let's say 200 though to add to the 3900 already accrued = 4100 points. Done. Every move archived for the records for all to check. This saga began again on November 3rd with the comment 'One Chart of most excellent parabola in history'...page 9 of sumastardon. In 22 days we have accrued HALF of the entire value of bitcoin. Go check. However, to give perspective to that, in 14 days we have doubled our money in Dash. Go figure. I do this 16 hours a day 7 days a week because it's like having your own gold mine that you can go and play in any time. There has never been a moment like this in history since Internet v1 and before that the radio boom and railway boom before that. These are rare moments in history. It could all be taken away from us one day. We just don't know. So the trick is to realise this and trade the crap out of it whilst we still can. Nothing lasts for ever, well Google and Coca Cola. Buffett is no mug but he doesn't make money as fast as we do. Because he doesn't understand it. Fair enough. Nor do we though. Never forget that. ..So I knock my brains out here for you guys simply because I want to give something back and to share because I genuinely believe in vibration and that it governs everything, your voice box, the tiny hairs in your ears that vibrate and turn a jumbled mess into pure intelligible sounds ...the internet itself, a great vibrating mass of every emotion, everything is a vibe. And look at Bitcoin, stuck between two competing 'vibes' or waves all day....you've seen the power of waves today FFS ! I want you to get this more than anything really. You need to share all you have ...if you do I promise you the universe will reward you...the only reason this is working so damn well is because of paying it out...just sharing this gold mine with everyone whilst it's still there to be ransacked each day. I don't want your likes, for sure...(because this website works on confirmation bias and because 80% of traders lose money you will find that often the most liked comments are often the most inaccurate. Counter intuitive, like markets and all the best women. So please no likes!) But what I do want is REAL feedback. Am I wasting my time doing this for you? Would you value it more if I asked you to make a donation to your favorite charity? Don't rape it or hoard it. Share. I swear the universe will repay you. Pay it out. At least write a response. Is it any good. How can I make it better. Talk. Please FEEL the vibe and respond
Trade active:
Bitcoin
need to be careful now...this can roll over on lack of buying and thne China can hit it before buying later. The more it struggles here the more it's telling us to close longs and think about a short with stops above 8680 for small loss if wrong. The big upper parallel should contain any rally attempts still. This needs to come off soon...
need to be careful now...this can roll over on lack of buying and thne China can hit it before buying later. The more it struggles here the more it's telling us to close longs and think about a short with stops above 8680 for small loss if wrong. The big upper parallel should contain any rally attempts still. This needs to come off soon...
Comment:
Bitcoin again
So if shorting don't be aggressive yet, tickle it and take a quick 10 profit and try again from the high..accrue some more points to play with as stops for next trade. It's tired. It desperately needs a push through here, some buyers real soon... or disappointment will set in and some will look to take profits in case China runs off with them overnight...you get the picture...
So if shorting don't be aggressive yet, tickle it and take a quick 10 profit and try again from the high..accrue some more points to play with as stops for next trade. It's tired. It desperately needs a push through here, some buyers real soon... or disappointment will set in and some will look to take profits in case China runs off with them overnight...you get the picture...
Comment:
pips squeaking now...if it breaks 8670 it should go to the parallel again where it should come off again...cannot surge higher unless it can break the big parallel...unlikely but it's Bitcoin, so nothing is entirely impossible - if it did and then had a successful retest we 'd have to follow it...not likely but we need a plan for every eventuality
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took a minute too long to write that. ...
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Bitcoin
Bitcoin grinding higher under the control of the big parallel...cannot burst higher unless that powerful overhead line can be busted. cannot fight this...the Chinese haven't hit this , they are still interested at this price so expect a grind higher but most likley contained below the big parallel. It has tobreak above it and hold on a retest (not spike as the last touches have been) only then can we get aggressively long again. Last update tonight. Be lucky
Bitcoin grinding higher under the control of the big parallel...cannot burst higher unless that powerful overhead line can be busted. cannot fight this...the Chinese haven't hit this , they are still interested at this price so expect a grind higher but most likley contained below the big parallel. It has tobreak above it and hold on a retest (not spike as the last touches have been) only then can we get aggressively long again. Last update tonight. Be lucky
Comment:
Hope you got that PERFECT retest! So beautiful. This break could be about 400 points or so...look for a parrallel impulse wave developing on 1 minute and 5 minute charts..stay with it until it loses the parallel...this will take an hour or so to become apparent, obviously...keep an eye on it and draw it in...it has to be perfect ,just one side, then duplicate the angle and slide over/under the rally. one side wiil give you the future side...hope that's intelligible.very late
Comment:
Crazy Chinese! Never had a stop on this long which was trigered at 8741 roughly...needs to be 25 points lower Be Lucky with this
Till tomorrow. really this time
Till tomorrow. really this time