BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
35 views
2
35 0
After the dip an hour or so ago (see previous chart), that was half the volume of the previous dip and with no follow through, the price rebounded to a new high smashing through the R1 Barrier that had proved solid resistance for several hours and is currently straining to hit R2 at 597.23.

It is very unlikely that we will make it to R3 before the next daily bar, but with some effort we could hit RM3 @ 607.78, but expect a pull back to the R2 @ 597.23.

The strategy is to capitalize on each wave, adding to the long after a touch of one line and retrace to the previous line.

I will be closing my current long at 607.78.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out