BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
362 0
We had a bounce, a consolidation and a trap with the beautifull short setup right before the trap. Now we are headed down to make a bigger timeframe Higher Low. I speculate the higher low will be around the .618 fib retracement (around 7,2k), but it could be higher. I will be longing here and averaging down if that happens with stop loss below 6k. Target is beyond 10k. i will update when i think swing top is achieved or stop loss is hit.
Trade active: bounced on the 38.2 fib and started a small position. Was initially looking to add more at .5 and .618 but instead we have an inverted hns pattern right now, so i'll be watching this line for potential breakout. Will be adding more on long if we do break out
Trade active: btc breaking out right now, waiting for confirmation
Trade closed: target reached:

Closing partial here
Comment: oops here the hourly

Trade active: 9750 and 10700 are strong resistances. taking profit there
Comment: took profit here, now waiting for the next pullback. 100ma on the 4h is usually a good place to enter a new long
Trade closed: target reached:
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