BTCUSD bounced off support, potential for further rise!

Bitcoin / DollarBitfinex

Description

⋅ Jan 7, 2019 2:10 PM

We finished the Head & Shoulder and so we are back on the MAJOR support line. If we broke the MAJOR support line ($ 4200) then we would be back into the channel again.
That would be our main goal. But now our MAJOR line is a great resistance. If we broke through the resistance we would test the same line again and that would be our entry into a long.
Right now we are still in our trading channel. The market cap: $ 136,234,793,488 remains still far down. A breakthrough would be PERFECT for us traders.

Your @dk.kern

Trade active

⋅ Jan 7, 2019 11:39 PM

I entered a SHORT position on BITMEX at 4024 $ BTC is falling down below 4000$. I set down the SL to 4010.

I think if we can break the 4000$ fully I see 3950$. LETS GET IT!

@dk.kern

Comments

HenryVanEpps

⋅ Jan 7, 2019 2:52 PM

DavidKern

⋅ Jan 7, 2019 3:08 PM

@HenryVanEpps, Definitely a possibility but as you know, 4200 is a strong resistence we have to break it.

DavidKern

⋅ Jan 7, 2019 11:10 PM

@DavidKern, I entered a SHORT position on BITMEX at 4024 $ BTC is falling down below 4000$. I set down the SL to 4010.

I think if we can break the 4000$ fully I see 3950$. LETS GET IT!

@dk.kern