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jpfortin
Feb 9, 2018 11:21 PM

BTC Bearish during Weekend then going Falcon Heavy next week! 

Bitcoin / United States DollarCoinbase

Description

Today many indicators were registered:

1. EMAs crossing (50 & 200) - Death Cross indicating downtrend when candles intersect at the same point.
2. TD9 on an uptrend followed by 4 candles resulting in reversal downward
3. Beginning of weekend: the usual dump and forget

The results of these 3 factors will drive price down to the previous bottom @ 7752, being the first and last support before bouncing up by next Monday.

Also, next week we have 3 main resistance lines @ 8440, 9402, and 10.2K from previous candles.

Trading Plan

Weekend:
1. buy @ 7777

Then next week:
1. sell @ 8340
2. buy @ 8012
3. sell @ 9400
4. buy @ 8700
5. sell @ 10K (50%) then hodl rest

Just don't take my word for it: do your own analysis.

Cheers!

Trade active

Bought @ 7898
Sold @ 8340
Bought @8080
Sold @ 8800

Now in cash waiting for BTC to decide where to go next: too many conflicting signs.

Trade closed: stop reached

Comments
Oksamit
What is TD9?
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