ridethepig

BTCUSD breaking higher ... $13,425 in the crosshairs

Long
BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Here tracking the breakup here for BTC as markets continue to digest the risk-off flows. we are outguessing the major break with aggressive entries and actively looking to add more to these positions if we break higher.

Well done those following the previous flows traded live here from 3,300 , 6000 and even 9000 ... a superb ride so far. We also have in play here the confirmation of an impulsive leg. $13,425 is the ABC target in the sequence (see attached: Bitcoin ...Ride The Pig Tradingview) which means it is the only level in play to unlock the impulsive targets sitting at $17,100 for wave III (if this proves to be an impulsive nature rather than corrective).

Best of luck all those trading BTC and in BTFD mode...
Comment:
Trade closed: stop reached
Comment:

Comments

Aaaaand it's gone... ;).

Cant win em all.
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ridethepig Dashtothetop
Indeed @Dashtothetop we missed the final leg by crumbs
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Dashtothetop ridethepig
@ridethepig, Things should get interesting in sept, not just for bitcoin, but some alts as well. IE massively bullish. I think sept takes BTC to up boundary 16-20k. We will see. Dash could make a move 200-500
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Flagging and ready for takeoff! :)
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Very good long analysis mate.
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ridethepig Bullandbeartrading
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