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bitcoinwizard1
Jul 21, 2018 3:05 PM

BITCOIN NEXT MOVE $ 8200/8280 Long

Bitcoin / US Dollar IndexBitMEX

Description

Support at $7300 holding very well and its forming a huge bullish flag with target $8200/$8280 we still have little more than 2 days before breakout (about july 24th) so we can place Long orders, Instructions at the chart, Also many alt coins are in major accumulations periods at very important support zones that are been holding very well. this will be a good move it wont just end here, that's my view for now, i will update

Trade active

DO NOT GO ALL IN, use capital management and stop loss tight at 7180 because $7.000 and $ 6.800 still possible, risky one

Trade active

Trade closed manually

No longs for now we have huge bearish divergence and strong price resistance

Comment

if you already have and open position in profit, you can hold and wait for targets, but i don't recommend at all open long positions at this level

Comment

Heading to target 8200/8400

Trade closed: target reached

Comments
willwillwong
Shorting?
bitcoinwizard1
@willwillwong, not at all, btc does not have any reversal structure, still going higher, this movement wont finish until altcoins have a really nice move up
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