Bitcoin: BTCUSD Speccy buy here with tight stop
Updated
Bitcoin BTCUSD Update
A speccy buy in the 16480-16410 range with a stop below
16400 for small loss if wrong here. If it falls away further from
16400 will look to enter again later from lower down, from
15810 if touched.
It is trying to turn back up here and needs to clear 16652 and
hold above there to confirm that the trend has turned back to
positive from neutral currently.
A speccy buy in the 16480-16410 range with a stop below
16400 for small loss if wrong here. If it falls away further from
16400 will look to enter again later from lower down, from
15810 if touched.
It is trying to turn back up here and needs to clear 16652 and
hold above there to confirm that the trend has turned back to
positive from neutral currently.
Note
stick a stop under this long at 16870 for an 400 win if stopped outNote
Note
Trying to break above the controlling upper parallel..and failing so far. Why didn't we short from the stop level? Easy. Oh hindsight!
We can pick this up either when it makes a double bottom lower down - if we see it hold there - or when then upper parallel is broken on upside and survives the retest
It really needs to bust above 16100 now and then hold up on the retest of the parallel to look safe to get long again around current levels - otherwise we wait for lower entry later
Note
If long take profits at 16447 as it can back again one more time.Look to buy again at 16000 or as near to as possible...and if wrong and 16500 can be beaten and held, then go long on successful retest or follow the break with stops below 16400
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