BITCOIN: BTCUST - Last chance to get long for retest of the high
BITCOIN: BTCUSD Time to get long on next pull-back if not aleady long or to increase longs for rally back to the high.
BITCOIN: BTCUSD Get long on next Pull-Back
So 2004 was the final secondary low and we got filled OK without the stops getting hit. It was worth wrestling with this
monster all day yesterday - hard work reeling it in but if you got long just stay that way. We should go back to the highs
now over the next day or two.
There was a second way to get long if you missed yesterday's opportunities, another way to potentially get long -
ironically at higher but safer levels, repeated below - It means buying on any return to 2225 or on the next minor decline. At
worst now Bitcoin will only come back as far as the upper parallel and bounce powerfully. That's at worst. It doesn't
even have to do that. Bitcoin will not come back below this parallel (now at 2189) at lowest before it hits 2750. So 100
points downside from here and nearly 500 upside...for what it might still be worth here's the rest of yesterday's comment:
One other way to get long from higher, safer levels: wait until it eventually breaks back up
above the highest descending parallel - (though the next test is likely to prove unsuccessful on the first attempt) - and then
wait to see if it comes back to test the line from above...is it holding and how's the pattern looking as it approaches the
line...the chart will tell you if you let it, probably. It's rallying Ok as this written, now but will have problems as
it reaches the blue bar above it. Maybe take some profits there as it will come back again if it gets that far and look to
buy back again at lower levels. This 2010- 2000 range really could be the secondary low...too early to say but this impulse
candle now is quite large in comparison to all others, bear engulfing etc... It's looking more likely as time ticks by that
the low will prove to be at 1850 - if it breaks below 2010-2080 near term support at any point today this lower range will be
retested quickly. It should double bottom there but doesn't have to. But it should! So if it fails there should be another
mass flight back into 'real' dollars and it will fall to 1638-1603.That should be the final low for absolute damn sure if 1850 goes
on to fail later today/tomorrow. It will be the greatest, fastest flush-out in history. And you saw it unfold. More
beautiful and spectacular than football. Almost.
BITCOIN: BTCUSD Get long on next Pull-Back
So 2004 was the final secondary low and we got filled OK without the stops getting hit. It was worth wrestling with this
monster all day yesterday - hard work reeling it in but if you got long just stay that way. We should go back to the highs
now over the next day or two.
There was a second way to get long if you missed yesterday's opportunities, another way to potentially get long -
ironically at higher but safer levels, repeated below - It means buying on any return to 2225 or on the next minor decline. At
worst now Bitcoin will only come back as far as the upper parallel and bounce powerfully. That's at worst. It doesn't
even have to do that. Bitcoin will not come back below this parallel (now at 2189) at lowest before it hits 2750. So 100
points downside from here and nearly 500 upside...for what it might still be worth here's the rest of yesterday's comment:
One other way to get long from higher, safer levels: wait until it eventually breaks back up
above the highest descending parallel - (though the next test is likely to prove unsuccessful on the first attempt) - and then
wait to see if it comes back to test the line from above...is it holding and how's the pattern looking as it approaches the
line...the chart will tell you if you let it, probably. It's rallying Ok as this written, now but will have problems as
it reaches the blue bar above it. Maybe take some profits there as it will come back again if it gets that far and look to
buy back again at lower levels. This 2010- 2000 range really could be the secondary low...too early to say but this impulse
candle now is quite large in comparison to all others, bear engulfing etc... It's looking more likely as time ticks by that
the low will prove to be at 1850 - if it breaks below 2010-2080 near term support at any point today this lower range will be
retested quickly. It should double bottom there but doesn't have to. But it should! So if it fails there should be another
mass flight back into 'real' dollars and it will fall to 1638-1603.That should be the final low for absolute damn sure if 1850 goes
on to fail later today/tomorrow. It will be the greatest, fastest flush-out in history. And you saw it unfold. More
beautiful and spectacular than football. Almost.