pinfkloyd

Clear view on BTC vol.3

Long
pinfkloyd Updated   
BITFINEX:BTCUSD   Bitcoin
This time We have huge chance for bounce. As the time flew We have better picture here.
Finally proper additive volume appeared.
Chart explains everything. Bitcoin $13.500.
I will stream,answer and help.
Comment:
Fractals gonna fractal.
Buyback at $9000

Comment:
Buyback, refill.
Comment:
Comment:
If You are confused about yellow line, You can check my previous idea with explanation, on 4hr time frame we have local situation that have influence on current price action. Neckline was local resistance, broken twice in both ways. Second one gave us clear sign, that price is bottoming out.
Comment:
Sometimes it's hard to predict the bottom, but there it is:

Trade active:
entry call.

Comment:
should the price stick to neckline. In other case stop needs to trigger
Comment:
still retesting

Comment:
target $11.000

Comment:
up

Comment:
There is no reaction, We don't know for sure if yellow neckline has been declined

Trade active:
BTC breakthrough. Target 12.400

Comment:
Succesful breakthrough takes us to safer place on this market. This time We need to track meeting with higher wing of bull flag.
Pure uptrend

Trade active:
Atleast meeting with red line is expected

Trade active:
Situation has quickly solved, there is caution zone. We have to let it go for a while, no trade there. White lines are possible scenario of bullflag and inverted H&S completion that could lead us to atleast $18.000

Comment:
SMA 50 resisting the price.
Next week will tell a lot
Trade closed: target reached:
This was succesful trade, We will take profit there


i will set up new idea on BTC

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.