FubarDays
Short

BTCUSD potential quick trade on bounce

BITSTAMP:BTCUSD   Bitcoin / Dollar
92 0 1
We've fallen through the 4h cloud, and I'm staying short, but I would be very cautious about entering a new position here -- the last good signal to enter was around 238. For the next couple of hours I don't see a clear direction, but if we keep going down I see a potential opportunity to bounce off the daily Kijunsen at 227, back up possibly as high as 235 (bottom of the 4h cloud) before continue down again. I would be very cautious with this bounce and set those stops! Unless we see another strong entry opportunity to go short, I plan to go long at 219 (approx 8% away from last good short entry signal).
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out