Tendorian

April 21st Bitcoin Finally this current upmove is over

Short
Tendorian Updated   
BITFINEX:BTCUSD   Bitcoin
Finally after waiting for what seems an eternity, I can safely say that the uptrend is over for now, we will have possibly a few days of downside action. Made a few losses trying to pick the top, but this should be a good one.

Open Short 8850
SL 9000
TP I want really low like 8000

WIll move the SL as price drops
Comment:

Move SL to 8950
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Move SL to 8850 Breakeven
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Move SL to 8800
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SL Hit, small profit, will wait for next opportunity
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This is actually turning up again possibly to test 9000 again.

Price open 8780
SL 8650

Will move SL as price moves up and wait to get taken out instead of putting a target where it may or may not reach.
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False alarm, reverse and short 8730, SL 8850
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Small loss

Short again


SL 8950
Target 8500
Comment:
If 8950 breaks, means we will be going much higher before the fall. Possibly to 10,000.
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Yep, I think we are still going up, once 8950 breaks, this will easily shoot up to 9200.

Close Short
Open Long position
SL 9750
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I mean SL 8750
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Price kept failing at 8950, i am waiting to short, closed my long
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Short
SL 9050
Target 8500
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Price missed my SL by $2, lucky perhaps.

Move SL to 8950
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SL Hit

Waiting for clarification of direction
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Open Long
SL 8800
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Closed long
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Still waiting for more data
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If we keep going up, 9600 is probably the next resistance to watch.
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Not around to post charts but the downmove has started.
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Broken back below 9600 with a bit bar, now in the 9200-9600, we may test 9600 again. A break below 9200 probably means the upmove is done.
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big bar
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Comment:
9000 is very important support

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