BlueMoonTrader

BTCUSD BitFinex Bullish

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Ichimoku and Candle Sticks lining up with a key support level is a bullish indicator.

Price is likely to rebound to at least the 6500 level. This chart does not attempt to predict anything after that.

Good luck.
Comment: The way is open until 6380 which will be the next deciding factor, if that target is reached we can look forward towards nipping at 6394 and the psychological 6400 target level.
Comment: Support is building around 6360 levels which is a good sign. Breaking 6380 is key towards initial 6394 Target.
Comment: We touched 6380 but did not sustain it, it is absolutely necessary for that level to be retraced and held for this short bull run to continue.

Good news is there appears to be some momentum on the buy side.
Comment: Bear Trap at 6375, eat it.
Comment: Ignore the price bounce, resistance levels are falling dramatically at the 6400 target, eat away the bear's trap or go down with it.
Comment: Bears don't stand a chance, freeway until 6392-6394
Comment: Bear Trap rearing its head again, don't fall for it, indicators are still bullish. Buy the trap.
Comment: We are still in bear-trap land acquire what you can. Buy the dip.
Comment: Keep it up, more resistance is forming at 6360 is a good sign.
Comment: Very nice chart, breakout soon.

Comment: Strong walls up on both sides, we are waiting for the breakout. High volume too, it is likely a big whale is in acquiring stage. Buy the traps were heading for the target.
Comment: Strong walls up on both sides, we are waiting for the breakout. High volume too, it is likely a big whale is in acquiring stage. Buy the traps were heading for the target.
Comment: Positive breakout confirmed!
Comment: If someone could be in love with a chart! The three little soldiers are here!

Comment: A few more bear traps along the way is no biggie. Volume is amazing, were not sideways anymore people!
Comment: The traps are your entry on this bounce guys, buy the dip, buy the traps.
Comment: Still bullish, don't expect any kind of valid reversal until 6420 either..

Classic bullish sandwidch:

Comment: Buy the traps, entry at the dips, buy low fast sell slow high.
Comment: Target adjusted to 6415.
Comment: Set your alarm's for 6399 and go to bed for a few hours if you're out of capital because right now its just bear noise holding us down. It's ~4:30AM in New York, and afternoon in Shenzen. Mornings and afternoons are usually a bit rough, wait till mid day EST to sell.

6415 is still the target unless something changes.
Comment: Going to catch some Zs (bitcoin has hit the snooze button on this one), watch for the 6400 break and take profit anywhere from 6406-6420.
Comment: Too much bear noise has caused the market to trade sideways once again instead of bounce as it normally would after a dump.

HODL a little while longer, this may take some days more to happen.
Comment: We have bounced! Grats those who held out this far.
Trade closed: target reached
There's no such thing as too much cheddar. mm..

The information provided in BlueMoonTrader online posts and accompanying material is for informational purposes only.
It should not be considered as Legal or financial advice.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out