Bitcoin ascending wedge brokendown

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Ascending wedge broken, breakdown point retested, now heading down to horizontal support + secondary trendline + broken wedge target.

Entry 1791
Stop loss: 1841
Target 1686
Comment: Also potential head and shoulders about to confirm pointing to a 1722 target.
Comment: head and shoulders confirmed and looking for target
Comment: Bounching of horizontal support + trendline.
Comment: Neckline retest.
We might head down now.
Comment: Added stops in profits. 50% 1760 and 50% 1775.
Right now looking as if btc doesnt want to make a new lower low. Will monitor it closely to reopen if stopped adn needed.
Trade closed: target reached: And other good trade
Comment: Shorted the profits with tight stop (1760). It is a bear div, plus resistance level. i think it has odds to hold
Comment: And already out of that short-lived short.
0.3% loss in this quick trade.
5.86% profit in the main trade.
Comment: mmm... probably about to get stopped, but i haven't yet. we need to break 1760 to trigger my stop.


at least this week opened in red :D
hope its gonna be like this:)
420snoop 420snoop
@bagofXMR if u look at the price of btc/gold you will see we went up to the 1.5 level i think a correction down to 1.25 of 1.33 isnt crazy to imagine b4 a continuation back up to 1.5-1.75-2.0
bagofXMR 420snoop
@420snoop, mind to share with us a chart? if you dont want publicily i'll gladly accept it via pm :P
Thanks for your insight anyways snoop!!
420snoop bagofXMR
@bagofXMR 2.618
bagofXMR 420snoop
@420snoop, thanks!
awesome :) nice TA mate
bagofXMR mycool57
@mycool57, Thanks!!
+1 Reply
nice chart
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