altcoinbonanza

altcoinbonanza

showing a little weakness so i have decided to short on this end of the cone/squeeze. First sphere shows this short violation. The second will go through.

altcoinbonanza

Going short with a violation of this squeeze support.

altcoinbonanza

Ended with a nice profit from playing on this squeeze. Was not sure if wanted to go long but when I saw all the information I needed I made the long play and got in at $243.90 at around 10:30ish at night and got out in the morning at $246.87 around 4:30am. Looks like the squeeze allowed me to squeeze out a nice profit on this play.

altcoinbonanza

Going long on this squeeze play. Just not sure if will break down or up right at tip of cone. I am in at $237.73 on a long play. Closed at a slight loss at $236.49. It penetrated a support for me so didn't want to chance.

altcoinbonanza

Two circles indicating breaking points that show we are shifting still in the negative (granted no great news forthcoming).

altcoinbonanza

If Bitcoin enters this Bermuda Triangle area it will be doomed for short term.

altcoinbonanza

This is MHO only. We shall see.

altcoinbonanza

Bitcoin has two options here. We could yield towards an uptrend or we could go south. I've seen where Bitcoin will choose a yield move here and continue moving upward. And then we can move down nicely and capture a lower price range. Not sure just staying on the sideline for now.

altcoinbonanza

Keep your eyes on this trend we could see a trend into the $220's or we could see a break on our resistance line and back on the wild ride (upside) that beautiful Bitcoin gives us.

altcoinbonanza

Closed my meter drop short at $237.06.

altcoinbonanza

I'm in on a meter drop on a short position at $238.89.

altcoinbonanza

Violation of our support line so decided to get in on a short and will meter drop on my position (take small profit and get out).

altcoinbonanza

Definitely violating this support so good indication for me along with some fear selling to place a short position. I am not going to stay too long.

altcoinbonanza

could b a nice short but still cautious.

altcoinbonanza

We could be heading down to $211 from what I see with out long term resistance line and the direction this selling is taking bitcoin which is definitely negative right now. I'm still thinking more downside from here.

altcoinbonanza

Notice how the horse is pretty tame hear.

altcoinbonanza

My stated $230 just hit. Cool for shorters but not for longs. Maybe next time.

altcoinbonanza

I had stated earlier today around 10:45 am central time (Louisiana) that Bitcoin would re-trace about 15% from its high of $267 and it came close just a few minutes ago so I went ahead and closed out my short position at a 12 to15% return. Nice move and looking for it to still hit the $230 range. After this will regroup.