Updated

1-9-17 Bit Coin Can't Make up its Mind

Expecting a sidways day of choppiness --- Going to be scalping --- Just woke up so I am studying this chart and will zoom in and post my plays as I make them. I personally am beginning to think that this is just a setup for another consolidation based on the way that its trading ---- but the further you zoom out to like a weekly this could just be a blip on the radar. --- Making a new upwards channel today if it breaks I will redraw chart --- Updates to come. Happy Monday lets start the week off right with some profit.

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broke out of yesterdays channel --- lets see if this new channel holds or if we drop back into yesterdays trend ---- too early to tell need some more coffee

Trade active

Small Long ox XBTUSD might be a small bullish flag

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Have my finger on the sell button if this drops beneath 6300 --- if it breakd down beneath the top of the last green candle its most likely not a bull flag

Trade closed manually

Exited Long ---- Not getting any momentum ---- no position right now

Trade active

Shorting XBTUSD at 901.50 --- Medium Size position -- think this comes back down:

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broke back thru trend line flipped back to long very small position --- lost about .1btc in the wipsaw

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added 2x my position of xbt at 890

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added another 25k contracts for a total of 72k long XBTUSD

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Will add trailing stop if we bounce back through 8300

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holding tight think we make an upwards move --- negative a bit here but thhink we get up towards the 6400 range or about 905 on usd

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Hanging on by a thread need it to push through 6250

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Here is the move we have been waiting for putting in trailing stop loss and hoping it pushes higher. Taking half off the table at xbt 896 ---- slight loss but this rally is on small volume ---

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Closed position at 897.5 --- this is rolling over

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Started small short position at 895

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larger short position now at 894 --- this thing had no momentum

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back down to 6000 cny --- this thing just cant find its launching point ride it back down

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flipped o that one at the right time lets see if this dumps now --- its falling out of my trend line

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stopped out at 894 for small profit... Waiting for this to make a move upwards or down below the yellow --- hard to make money when no volume or moves --- other coins making big moves i anticipate bitocin will follow im ready to buy a break out

shayk47

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by shayk47

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