DropDead_Fed
Long

Bitcoin support on 50 daily MA and green parabolic support

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This is great BTC long entry on bitstamp with tight stop below 50 daily MA
Any update on this ? thanks
Reply
Excellent chart Sir !
Reply
Sorry bro, it's gonna break the parabola. Don't know what you're smoking. Good luck, use tight stops and disciplined risk management. And don't assume any bias. Just look at the technicals like a machine, which only follows rules and has no biases. Could break either way but MACD and moving averages are all looking bearish. Won't be bullish till Bitcoin is riding on top of its moving averages, which it hasn't been since Dec 24th. I think BTC will touch 9000 by end of Jan, with a possibility to fall all the way down to 5500. So be careful and be ready to reverse the trade.
Reply
@josephtse, completely agree if we break parabola, then down to 7500 area likely. I’m smoking only Californias finest ;)
Reply
I am really curios about whether BTC breakdown that green line. I was following your DEC 9 chart, I think you did a excellent job to point out the btc graph over time. What do you think will happen if btc breakdown ? Thanks.
Reply
TO DO ANYTHING BTC MUST SUSTAIN ON 12K SUPPORT ..IF FAIILED IT WILL COME BACK TO 10K THEN MOON
+1 Reply
I see BTC in $30ks by end of Jan 2018.
+6 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out