BITSTAMP:BTCUSD   Bitcoin / Dollar
1404 15 50
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It looks like we are heading into a time correction that could take a while but a try to trade this breakout could bring good results if the market takes a direction.

We need a candle with momentum. Please keep your stop close by

Good luck
Comment: Ok guys...
I hope you've had enough pips
You are now in the target zone which extends to 715
So if you see weakness, get out

Also, where are the likes??
Comment: This chart is a very good example of a few things:
1. Following the market. I had a bias of shorting but I had no signal from the market so I did what the market told me to do instead of what I thought I should do
2. KS25 is a great setup
3. Once you leave the triangle, if it is a BO, your stop should be fine just under the take off candle

Great stuff
Comment: Remember..
get out IF you see signs of weakness
If not, stay in as long as you can even if you pass the 715 mark
Good luck
Comment: ok

we hit the final target of 715 .. even more
so now every man/woman for himself / herself
good luck
Trade closed: target reached: amazing trade
Appreciate the analysis. Very valid points! I just started trading BTCUSD because it's about the only thing open on the weekend.
Thanks for the input!
+1 Reply
Ichimoku_Trader Craig_Claussen
My pleasure
+1 Reply
I agree with your analysis XBTUSD format but pretty much the same on a lower time frame.
snapshot
+1 Reply
Thanks
+1 Reply
Definitely coiling up tightly for a move. I am a little biased towards down but have my stops ready on both sides. Thanks for the post, best wishes!
+1 Reply
Good luck
+1 Reply
azab1987 Ichimoku_Trader
its up for now :)
+1 Reply
Ok
+1 Reply
Tought the same, but now is up :(
+1 Reply
Ichimoku_Trader MarioHerrera
Ok
+1 Reply
What would be indicators of weakness?

Also, is it now late to go long for short term?
Reply
No way down
Few things out of fundementals: chinese buying, because of yuan devalutation, halving time in next weeks. It can reach 750 before drop
Reply
Ichimoku_Trader ja.piotr.bor
Stay in the trade as long as you do not see weakness
If you see weakness, get out and look for a better place to re-enter
Reply
great trade!
Reply
Thank you
yes it was fantastic
Reply
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