jimmyzjy

jimmyzjy

For MID-LONG term view (1D), BTC is at a range from 8561 to 10084. BTC won't decide the next direction until it goes beyond the triangle. (By direction, I mean at least $1000-1500 swing trade opportunity) It is better to REST for now, but if we want to play under SHORT term view (1hr or 4hr), here's my suggestion. - SHORT, when BTC goes below 9493, with target...

jimmyzjy

BTC is now at a quite tricky position. It is near the edge of uptrend as we can see from the chart. As long as BTC is above the uptrend, DON'T SHORT as the momentum will continue. However, by breaking the uptrend, BTC is very likely to go to 9303. If 9303 cannot support, we will see a classic double top, which means BTC can go to as low as 8600. In short, SHORT...

jimmyzjy Updated 

Summary LONG at 9678, with target 9940, close to 10084, stop loss at 9516 SHORT at 9516, with target 9254, close to 9100, stop loss at 9678 SHORT TERM VIEW Today BTC went below 9591 and met the SHORT opportunity I posted yesterday. BTC quickly hit the first target 9375, and got supported by the uptrend-line - therefore it didn't hit the second target...

jimmyzjy Updated 

Today BTC experienced accelerated growth all the way up to 9940, and now 3rd level acceleration no longer supports Given MID to LONG TERM VIEW (BTC will stay at a range from 8561 to 10084 for a while) and the end of 3rd level acceleration, we have 2 SHORT opportunities SHORT when BTC goes below 9591 with first target 9375, second target 9200, and with a stop...