Solokov

BTC - Make or Break Pattern, Macro Context: LONG.

Long
Solokov Updated   
BITSTAMP:BTCUSD   Bitcoin
We can see a crest of daily candles forming against a resistance level, typically I'd prepare to short this formation (and I still might short-term), but I added arrows to contextualize the directional momentum these previous crests have formed in. June 19's crest broke upwards on an extended run (circled in green), could be on the verge of the same exact thing. Might finally be time to take a heavy position long.

Watching the next few days closely, might have one more pull-back before more gains (see previous posts).

Likely UP, IMO.
Trade active:
long from 9.3, target 12k. (not HFT, see other posts for those positions)
Order cancelled:
Waiting for a better entry
Trade active:
SHORT! CREST IS GETTING THINNER. DUMP INBOUND.
Comment:
Shorting at 9.4, looking for entry at 8.9!
Trade closed: target reached:
Closed at 9.145, Might be about to enter the parabolic run
Trade active:
LONG.

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