IvanLabrie
Long

BTCUSD index: Buy dips, sell partially on rallies, rinse/repeat

OKCOIN:BTCUSDIDX   Bitcoin / Dollar Price Index
a month ago
The BTCUSD             index chart here depicts an interesting price pattern, a cup and handle in the making.
This pattern usually is powerful, specially when the signal coincides with a 'Time at mode' trend signal and is coherent with all the technical and fundamental observations we can make here.
I don't personally use it for trading decisions, but it's certainly visible, specially if you look at the highest daily lows, and lowest daily highs on chart (refer to my educational piece for info on how to use that information).
The weekly time at mode setup is shown in the related idea below, as well as my trade calls posted here lately.

Cheers,

Ivan Labrie.
a month ago
Comment: Holding.
a month ago
Comment: We can buy more on dips if it drops next, probably good to take some profit on margin longs if you have them. Up 27 usd since posting.
24 days ago
Comment: On track.
22 days ago
Comment: Here we go!
20 days ago
Comment: Since we're holding above resistance, we have good odds to see the breakout after this pause. Hold longs.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
It seems everyone is aiming for big plays next month or so, and in my opinion we have some time for alts before the possible moon. Thx for the chart Ivan, you often have impressive analysis and plays.
+1 Reply
IvanLabrie PRO Noobincrypt
a month ago
Thanks, and yes, it'll frustrate people before making the next move.
Reply
@IvanLabrie excelent chart! congrats bro!
+1 Reply
IvanLabrie PRO AndresThomasShirakawa
a month ago
Thanks, I think it has good odds of panning out.
Good luck and thanks again for your comment. Cheers
Reply
Elkimio PRO
a month ago
what do you say about weekly chart? you have same figure here but cup almost has it handle already...
+1 Reply
IvanLabrie PRO Elkimio
a month ago
@Elkimio, Hi, the specific technical pattern isn't too important, but it's there in the background The signal is obtained from a proprietary trading strategy, so it is interesting that the cup and handle pattern is visible here. It adds further evidence to my thesis.
Cheers.
Reply
Elkimio PRO IvanLabrie
21 days ago
@IvanLabrie, looks like it won't take 32 days... by the way do you have any ideas about ether/usd? would be great to hear your opinion, thanks!
Reply
IvanLabrie PRO Elkimio
21 days ago
@Elkimio, hi, no, I don't know, I think alts weren't liquid enough to trade for a while, so I just focus on BTC.
I don't know about the speed of the rally, look at previous consolidation phases, they can take a long time.
Reply
Elkimio PRO IvanLabrie
20 days ago
@IvanLabrie, thanks!
+1 Reply
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