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JackieHuynh
Jul 22, 2018 12:07 AM

BTC-USD head down first then up later Short

Bitcoin / DollarBitfinex

Description

down to 6.8k-7k first before heading up.
That's it

Don't forget to LIKE if you like it
Post is discussion one

Comment

if we break above 7588$ and HOLD , it is a signal for going up . Can't dismiss the possibility

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during this year, btc has made zero move up during long consolidation in an uptrend
So this time, if we go up instead of going down, it will have significant meaning.

Comment

7700-7800$ is significant resistance

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altcoins are at their resistance lines now. Pretty much they all are waiting for btc's next movement to be either break down or up

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it seems to me that we want to make similar move like in April

Trade closed manually

it looks to me that we want another retest to 7.7k-7.8k first

Comment

still not an advise to buy here for potential small gain because we have big resistance ahead. It is better to wait for resistance to be broken and retest it , then it is a time to buy

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very nice invert hammer on daily chart. If today closes like that, the path to 7k will become clearer :). Patience will be paid off

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bull refuses to go down. Lol

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bitcoin is moving so similar to the one in april. If today ends with a big green candle number 8, next number 9 with a red and next is another red, then next is green.
It is the time to go ALL IN :)

Comment

new post :)
Comments
paulsterr
Whats that buy/sell strategy in the chart?
JackieHuynh
@paulsterr, it is customed one. Not perfect one. Actually just make my eye more confusing :)
JackieHuynh
but it looks pretty for publishing post ^__^
MeSang
JackieHuynh
@MeSang, nice
IONCHRONO
we are also in a larger head and shoulders pattern so i expect 7k range then to 8.5k. +1
JackieHuynh
@IONCHRONO, we are fellows having same thinking :)
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