tyncho.cba

Bitcoin - Let´s say it clear

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Last days i were out of the market just thinking why if we broke the resistance of the dowtrend line from december did not fly to the moon. That´s because technical analysis always can give you something new to learn or practice.

In this case, after a lot of work, just tried to put the things clear and we can see the downtrend line still alive on the LOG chart.

So, how can we operate this right now; we have some strategies:

Long Strategy:

Enter in 11000 zone.
Target 1: 11700 (50%)
Target 2: 12800 (50%)
Stop Loss: 10800.

Short Strategy 1:
Enter in zone 11500 - 11800.
Target 1: 10500 (50%)
Target 2: 9300 (50%).
Stop Loss: 12100.

Short Strategy 2:
Breaking BEFORE uptrend blue line.
Enter in zone 10850.
Target 1: 10500 (50%)
Target 2: 9300 (50%).
Stop Loss: 11100.


Just a vision, not a recomendation!

Good trades for all
Trade active: Long Strategy:

Enter in 11000 zone.
Target 1: 11700 (50%)
Target 2: 12800 (50%)
Stop Loss: 10800.

50% closed.

Target 2: 12800. Stop loss adjusted at 11350.
Trade closed: stop reached: Stop Reached. Short Strategy 2 activated.

NOW: strong support at 9200. Breaking that we have some key levels:

8900. 8200. 7200. 6900. Then...Goodbye :/ ---> 4500, 3000...
Trade closed: target reached: Right now. Closing Shorts. Buying zones

25%: 9000-8200
25%: 7200-6900

The other 50% lets wait some days to check
Capo tyncho!!!
Abriendo las 2 posiciones y estando atentos al quiebre o rebote en la trend bajista de los 20K, cerrabas la posición en falla y listo. Un profit del 20% en solo 3 días.
La clavaste en el ángulo. Te felicito.
Te mando un fernet.
Reply
@E-SDM, gracias querido! vamos por mas que cada dia es una copa del mundo este mercado :)
Reply
E-SDM tyncho.cba
@tyncho.cba, Tal cual... Este mercado parecen todas finales con Alemania y Brasil... Cortando clavos cada segundo. Pero gracias a tu sabiduría y generosidad, las billeteras de los que te seguimos suman satoshis día a día. Un abrazo!!!
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I think we are in a time where neither bull or bear is in charge. The market is quite undecided. At first I thought maybe we would have to wait for 2 years for the bulls to come back- still not sure but i guess Bitcoin and Litecoin are good long term holds but there may be some big drops and rises so only for the strong at heart.
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tyncho.cba theyuha
@theyuha, i agree too in the long term about holding :) ! but right now is clear that the bear trend (started at december) is far away to finish...in my case this are good oportunities to buy slowly...with a lot of risk management...and cover with margin sell if necessary until we see a good pattern of finish. good luck on your trades!
Reply
This is very good! Thanks for sharing!
Reply
@TRX3, thank you for your comment :)
Reply
Thanks For sharing your Idea bro Great work
Reply
tyncho.cba HamadaMark
@HamadaMark, thanks you big master!
Reply
Seems a good aproach, we are still on the bear channel, Im waiting the pink line also :-). Have a nice trading mate!
+1 Reply
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