Cash-is-King

Tick Tock on the Bitcoin Clock!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin everyone wants to know answers where are we headed well thats why Cash Is King is here, we have good news today.

We have loads of support before we see 'chaos' so we can trade some alts make a pocket full of cash then worry about bitcoin later.

Now as you will see we are trading in a channel that has around an $800 range, we have a number of support lines inside this channel, bitcoin movements between the red and green lines isn't going to affect our alts too much. Channel is Green line down to the red.

If we break the top green line we have a very quick trip to $9,600 and alts will shoot up and we will have some green days. Hitting target 1 and 2 in the blue lines here should be quite easy.

Right at the moment though the chart tells us we would be dreaming if that was to happen and the most probable event to take place is to drop to the red line, we may not break this as we have strong support there but if we do we will be on the way to achieving targets in purple, less buyers will be there to catch the fall and this could be the $6K drop we were looking for.

For those of you wanting to trade bitcoin I personally wouldn't trade in this range I would buy the bounce on red line or sell the break of the red line. I would buy the break of the green line and collect profits at targets in blue. I would not trade within the range of Green and Red line, this can take us quite some time and I prefer not to have funds tied up in that mess when we get to the red or green line we will make money much faster.

While we aren't trading BTC in this renege come join cash is King for some alt trades I will have another few today!

Cash Is King!
Comment: BTC still looking weak and on a decline, whilst in this range we can still trade alts. The last support above my red line if we break this alts will be affected in the meantime lets make some quick cash.
Comment: As you can see the BTC was listening to my comment above, we cross that list line of support and now are resting on the red line.

This is a good short set up if we break
Comment: So we are on way to target 1
Comment: We have seen a bounce but we need to wait until the 4H candle closes
Comment: BTC has closed back over its previous support level that was broken, we still seeing heavy sells and wouldn't expect to bounce from here we may see some sideways action
Trade closed: target reached
Turnover is Vanity... Profit is Sanity... But... **CASH IS KING**

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Comments

Thanks for the updates man.
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Thanks for the updates King!
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Some reliable shorter term Trade signals are worth trading too...
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Cash-is-King sumastardon
@sumastardon, just word of friendly advice you should try a larger timeframe rather then 15 minute as by time you draw your 101 trend lines like you have BTC has probably changed formation..... I don't have my glasses on to read your text to understand what your writing but you can't give info on 15 min chart as by time someone even sights your chart formation it will change. Anyway cash is King we make loads of cash without being stressed on BTC you should try join us.
+7 Reply
sumastardon Cash-is-King
@Cash-is-King, You don't have your glasses on ...means you're can't even be bothered enough to read! Lazy people huh? You can lead a horse to water but you can't make him drink. Oh well. I tried!
Reply
LouisM sumastardon
@sumastardon, stfu spammer
+2 Reply
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