Good risk-reward ratio with your stop loss at above $11600 :)
Short with your stops above the upper purple line. Please comment your thoughts on this guys!
I'm looking at ~ $8965 as a good support to buy at. Also, the Stoch RSI shows a bearish divergence on the 4H. But, currently waiting to see what happens.
Looking for downside with my stops at above $12500
Just some support lines and trend lines to have in mind. It could go up further from here or it could stay here for some more hours and break up later. If it goes down, the green support lines are good buy-ins. (But only IF!)
What do you think guys?
Please leave a comment if you want to add something. Or some tips. I know it's a little bit too late, But I wish everybody a happy new year 2019!! Happy trading!
It should hold on the green support lines and go up to the red and white resistance levels. If it goes below the green support then it can go to the next dark green support level.
For short term I think we have to wait to buy in if you were not in already and HODL for those who were in before this pomp. And for longer term, well Bitcoin is back in the channel I made and I think it will keep following it further, but first: RSI is high on 4H chart and the price is at a high level in the channel, so we can buy in when RSI is some lower on 4H chart
As you can see we already broke the downtrend from Ehereum.
With a few resistance lines at some higher levels and some bulls we have a good space to see some higher prices in the coming days.
We have 2 resistance lines and 4 support lines. The $6000 support level is already broken, so the next support lines are at $5300 , $4500 and $3000 . BTC/USD is now at BITFINEX:BTCUSD Watch it closely, because when there is coming more buy volume we could expect a run up.