KVE

BTC/USD: Updated view on structure and harmonics

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Support still holds, update on harmonics and options in this chart, long bias for now.
Comment: Update:
Up it is, looking at this I don't think the support will break...
Comment: Close to the PRZ now... Possible alternative strategy (instead of 1 entry at 0.786) is phased 2-step entry at 0.786 and 0.886 (50% at each position).
Comment: On the daily it is clear that the BB is also coming up around the PRZ:
Order cancelled: It sold off before we made it to the PRZ. It would have otherwise been a good short trade but the market decided otherwise...
Comment: If anything, a long from around 13.500 (stops below the low at Gartley C or if possible A) would seem like a decent trade to me.
If you believe in the longterm future of Bitcoin and you want to invest in it longterm then this might be a good level to do so.
Comment: New idea:
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