sumastardon

Bitcoin Back in buy zone with stop

Long
sumastardon Updated   
BITSTAMP:BTCUSD   Bitcoin
Bitcoin Update
Can buy this when it breaks out of the upper parallel
....14594 is holding...can buy off here with stop below by 20
points for small loss if wrong or when it breaks the upper
parallel ...try on 5 minut chart..will not upload less than 15
minute chart
Comment:
Can either take profits or run a speed line under the run from th elast low....close out if this line is broken...not a spike ..broken
Comment:
Looks OK so far...
Comment:
Bitcoin Update Newest
That scalped between 500 and 300 points in 5 minutes flat.
We can use them as stops for next trades...look to buy on
next touch of the lower speed line off the recent low on chart
at around 15000 with stops 20 points lower for small loss if
wrong. this may take 2 or 3 attempts so we can only use tight
stops which may get hit..neeeds to get above 15173 and hold
up there to stay good... so can wait for a break above here
too if preferred


Comment:
Bitcoin Update Latest
So 20 points blown there if you went long from around 15000
and zero lost if you waited for 15170 to hold up first, which
never happened. So we try again...ideal will be flush down to
14240 to 14107 range, hitting the lower parallel of this run as
it does so...that creates a speccy buy here with stops under
14100 ...alternatively we can wait for the upper parallel to be
broken on the upside to get long again or add there if already
long.
Comment:
A near term sell from 14590 - looking to see where this next low will be..vulnerable still whilst unable to clamber above 14600 and hold...should come off here but it's only really suitable for experienced day traders here..others need to be patient for now.
Comment:
If you short this stops need to be above 14610 for small loss if wrong
Comment:
itcoin
Screaming up a new impulse wave governed by the parallels.
Strong within the lines and a buy on next touch of lower
parallel around 15579 and down to 15500. Stops below the
lower parallel by 50 points, moving dynamically, with price
Comment:
ideal entry will be on the parallel, lower
Comment:

coming close...stops 50 points under the lower parallel
Comment:

15360 should be low...or close to
Comment:
raise stop to just under 15400 for break even if wrong from here

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