orminlange

Looks like Bitcoin is worth to play longs for now...

Long
orminlange Updated   
BITSTAMP:BTCUSD   Bitcoin
but after some correction of course, not after FOMO:). Days 27-28 or even 29.07 should give some corrective waves (even to around 7500$), if the new top will not be formed today or tommorow.

Not a trading advice!
Trade active:
Long@7827
Comment:
Still no upmove (to target around 9000 or higher) and no downmove to activate my SL. Patience is the key with such market.
Trade closed: stop reached:
SL activated in my entry point
Comment:
My bulish stance is weakned after H&S @RSI on daily chart:

Comment:

pending buy order@ 7610
Comment:
If You have possibility to buy (on localbitcoins or elswere) from someone with some discount (7400$ or lower) it is a good idea for now, if price will break 7475@ 1h chart You have low probability of loss and can close trade without bigger loss. This is not a trading advice however!
Comment:
I have now collected in this manner around 0.5btc (and want to have finally around 1btc) @ 7370 and hope for some bump in the next few days, but there are some risks too with this trade as always;) My pending order @ 7610 is valid for me until i collect around 1btc (on market or outside of market, however on market no more than 0.25btc @ 7610).
Comment:
I have now 1btc for around 7400 (all from localbitcoins) so my pending order @7610 is removed. I am curious if bump is possible, will be watching;)
Comment:
And market decided to go lower, now is signal to close bad entry. I of course will sell this 1btc on localbitcoins with even small profit, but when You trade only on exchange You will probably have now a loss. Waiting for another one entry point or signal from ermanometry.
Comment:
I will try of course to rebuy this 1BTC with discount @localbitcoins (@7000$), there is some possibility that today ermanometric dip will occur (divergence 1h RSI12 shows growing divergence).
Comment:
I got now 1btc for around 7000$ (outside of regular exchange) and will sell it if i get signal on 1h chart that drop will continue to establish new divergence point, or wil hold it if it was a final dip on 1h chart. The situation of seeking that dip can last for me until tommorow. After that deadline i will review my bullish stance here.
Comment:
I observe now some upmove, that is good, but will be better if 7300 mark stays untouched in terms of 1h chart.
Trade closed manually:
All longs should be closed now (@7250)!
Comment:
Sadly astrology was right, las decade of July gave us here top and slide from it.
Comment:
Despite on astrology, one last try was made by me today to get the bitcoins. I had purchaced with price around 6800$ (localbitcoins), so this discount give me possibility to close with no or small loss if another one wave down will occur. But it should not occur today or tomorow. Market will judge this try from my side. I hold now 1.1BTC, there should be some correction of this bearish move (maybe 7400$ area). But bearish market is very hard, so i dont even suggest that You should try to copy my moves.
Comment:
My target for now is 7400 (to sell Bitcoin buyed OTC @6800)
Comment:
I quit this game, probably now when i close market will do some bump, but i am without loss, so in downtrend it looks like success. But it's bitter success. I choose to go to vacation, from trading too and will be look at BTC now very rare. Maybe autumn will be better for play.
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