CryptoBanker
Short

Kiss Good-night

BTCE:BTCUSD   Bitcoin / Dollar
312 7 3
Self-explanatory short. This center-line has served fairly well. Note how price usually never stays exactly on the line but fluctuates back-and-forth on either side. Center-lines can be thought of as picket fences in that sense.

In light of the current considerable downward momentum , I suspect price will simply come up for a final touch of this line, but fail to get onto the other side of the "fence". If it does, stops do not need to be far above 550.
CryptoBanker
2 years ago
Failure to reach the center line one more time would be even more bearish but could pose problems for finding a low-risk short entry.
Reply
FrancisKim
2 years ago
well short if you are looking at the next week but probably a long in the next 24 hours or so imho.
Reply
DanLaffas
2 years ago
Agree with both of you CryptoBanker and FrancisKim. I give it a day or so before heading south again.
Reply
FrancisKim DanLaffas
2 years ago
Right at this moment though, going long is probably a tough call. Good thing I entered near the floor. I actually think even for the next week, there could be an upward trend. The Chinese have just over 2 weeks to trade - they'll keep playing the game.
Reply
DanLaffas FrancisKim
2 years ago
Yeah, it's not enough room for a long from here. I still have 1/3 of my short from $600 left open. I'll just add to it as we round out the top of this move over the coming days and ride it back down
Reply
CryptoBanker
2 years ago
This may take some time to play out indeed, especially if we get low-volume weekend conditions. Not unheard of. But then again, weekend crashes are no rarity either... staying alert! Stops above 560 if I enter shorts near the center line.
Reply
FrancisKim CryptoBanker
2 years ago
+1. Thanks.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out