BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Potential long opportunity. As bitcoin is very volatile, I suggest that you trade it only if you have a huge capital and can afford to lose the amount of money you're risking.
We can see slight divergence forming too.
Comment: My buy limit order wasn't triggered but price has since bounced off support, up more than $2,000
Comment: We could see a potential bounce when price reaches top of the channel. But if it breaks upwards of the downtrend channel aggressively, more upside to come for sure
Comment: Price is currently above $10,000. Crucial thing is it needs to close above it, could face some psychological level resistance along with previous support turned resistance.
Comment: $11,000++ right now. Price is trading above 100 & 200 MA on H4 chart. If it breaks above downtrend channel, more upside would follow. I would be looking to get in on BTCUSD if that's the case.
Comment: Price trading at the top of the channel now. Will we see a break or bounce? A sell right now offers a good R:R ratio but I wouldn't trade it. I'm looking to go long on BTCUSD.
Comment: Downtrend channel held. Price dropped $1,000 from roughly $11,800. Now let's see if it breaks trendline or bounce off trendline.
Comment: Entered on the open of current 1 hour candle. Price bounced off trendline, my target is at channel top (roughly $11,800). WIll wait for further confirmation on direction if price heads there.
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