MidasMarni
Long

We have a clear shot to run up to 670-680

BITFINEX:BTCUSD   Bitcoin / Dollar
77 4 3
I see resistance at 670 to 680 in this run, but if it breaks through it will run up to 830.
While it looked for a time like Bitcoin might make a run at $680, it turned out there was quite a bit of resistance around $635-$640. I have been watching some Point and Figure charts I created on Bitcoin price and there are several valid targets - both up and down. Upside target is $900. Downside targets are $360, $260 and $140. Not sure that some of the lower targets will get hit, but they are still valid until the Bitcoin price reaches $1,000.

At this point I am waiting for price to either hit $680 to buy or somewhere around $360. At this point, RSI-Stochastics have declined fairly rapidly while the price has stayed fairly flat. Looks like a descending triangle is forming, which I expect to resolve to the downside. Volume has been pretty weak.

If something changes that convinces me to change that strategy, I will try and post it.
Reply
whell I defenately should have listened to you yeasturday thats for shure , I started to listen to much to the bitcoin chat .and stoped to listenning to myself and payde a price for it .I supose its a live and learn .I defentately hoped you whent ahead with youre plan .because It was fabulos it was on target .thanks for for sharing that .Im glad you got a handle on it .sort of gives me hope I can learn more TA and get a better handlel on this .not Rusty at all if you ask me .cheers Antonio
Reply
I will be looking out for youre resistance levels .I think it could go bearish .but Im new to this .hope it goes well .
Reply
MidasMarni WaveTrader-2015
Thanks, I am new to this as well. Just sharing what I see. I used to trade a few years ago but I am really rusty.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out