MaryJane
Long

A flag -is that true?

BITSTAMP:BTCUSD   Bitcoin / Dollar
1203 16 41
The last wave dipped intraday 2 times the 0,5 fibo retracement..was that the hole consolidation? If the flag really is a flag , the next target could be 785 ...omg! ...sometimes, when you don`t believe what you are seeomg - it`s true ! ;-)
Trade active: 4
Trade closed: target reached
I got some short positions around 670, is it better to take the loss now?
Reply
Hmmm...that Depends on your individual money management , Position sie...etc.....I hope you are not overleveraged...it is always easier to Prognose breakouts than turnarounds....Ich think we havent seen the final blowoff of this current breakoutmove Yet.
+1 Reply
MaryJane MaryJane
What was the reason you shorted that Level?
+1 Reply
MaryJane MaryJane
Is it time now to short that beast?
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XNIE MaryJane
I also have some positions around 710 to compensate it, but I got myself into the hype of the second large leg down.. I hope there will be one more leg down before it goes up.
Reply
Which timeframe you are trading?
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XNIE MaryJane
15m
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Hey make that target $995 :)
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MaryJane JamieHolmes
perhaps in a view days :_)
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hey, good analysis, its starting to pop. 721.88 on Bitfinex.
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MaryJane SelectorSam
thx :-)
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I turned around 180 degrees @705 just in time ;)
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snapshot
nice
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MaryJane MaryJane
perhaps a sl-adjustment makes sense..here is an example
snapshot
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snapshot
SL-adjustment.....additional, i have illustrated a possible sl, for ultrashortterm-traders. The orange sl is the sl for the flagtrade
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