electo
Long

Liquidity & Markets - Time to Long (Key Levels) - BTC

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello All,

If you follow me on twitter https://twitter.com/3L3C70 you would know I am pretty bullish overall now. We saw two nice rejections below 7 k. We have broken downtrend & are now recovering from the rally we just had. Key levels are marked where I expect us to start going back up from. If you follow me on twitter you would have seen this about to break down and hedged with $BCH and made out profits even if you were long on bitcoin . This is why you need to always properly hedge your positions. Thankfully bitcoin this time gave us all the indications of a dump before the actual dump and BCH over performed on the dump as it did during the pump.

From the longs vs shorts ratio we can see a lot of shorts took profit I expect some more to close in the 7800-8200 range (if we get these). 18hr and 12hr golden crosses are trying to cross bear again, but until they do, going long is probably the safest bet here.
Comment: Same chart ... just Weekly TFhttps://www.
Comment: Weekly

Trade active: should make it to 8750
Comment: 7100 - 7600 looks like bounce now.
Comment: Buying op of the century coming up at 7600.
Trade active: buys all the way down to 6800 (if it ever gets there)
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