BTCUSD BITFINEX: WE could be off again, don’t miss out
Updated
BTCUSD BITFINEX: WE could be off, don’t miss out
Our analysis yesterday (See Link) was spot on with price consolidation below the 200EMA (Green Line).
We now have a 4 Hour bar breaking out and can look to get involved again.
For the aggressive the trade is simple, Buy now SL 9832, and looking targets the Yellow lines at 10395, and 11614 with further upside targets to be set.
For the less experienced we wait for the bar to close decisive (Close at the top of the bar), then we buy the break off the top of the bar, and our SL below the bar and recent support. I will post the conservative trade below as it looks now.
BUY 10230
SL 9760
Targets 10395, and 11614 (The Yellow lines)
If you are going to make dollars your decisions need to make sense. BTC is he big one and when its ready to move, we also need to be ready to move.
Our analysis yesterday (See Link) was spot on with price consolidation below the 200EMA (Green Line).
We now have a 4 Hour bar breaking out and can look to get involved again.
For the aggressive the trade is simple, Buy now SL 9832, and looking targets the Yellow lines at 10395, and 11614 with further upside targets to be set.
For the less experienced we wait for the bar to close decisive (Close at the top of the bar), then we buy the break off the top of the bar, and our SL below the bar and recent support. I will post the conservative trade below as it looks now.
BUY 10230
SL 9760
Targets 10395, and 11614 (The Yellow lines)
If you are going to make dollars your decisions need to make sense. BTC is he big one and when its ready to move, we also need to be ready to move.
Note
This trade is progressing nicely for those who took the entry, we are fast approaching Target 1. I suggests remembering to BANK some Profits there.Trade active
We should have profits banked at Target 1, Lift SL at least to entry and wait for more profitsNote
Looks like we got through the resistance and will continue movingNote
Price still holding a bit here, perhaps a few less traders in the market today. I still like the trade and will hold my position but i alays think its okay to take some profits for those that want to.I will be posting BTCUSD most days from here so will keep you up to date on any new entries
Trade closed manually
So Traders, ?We have seen an aggressive Sunday sell in BTC. This trade has been pretty safe as we closed part for PROFIT at Target 1 and the other part has been in PROFIT nearly the whole time. Its okay to close the rest of the trade for a small PROFIT now if you want to.
If you choose to stay in the trade and price drops below 10.110 then you should exit.If you do stay in and price rises you will get a better entry on my next trade.
I am going to close this trade as bi will soon be posting a new one.
Trade closed: target reached
Congratulations traders all targets reached and another successful trade!I have another BTC post that showed entry levels for people that missed these it also has further targets feel free to hold and follow them targets.
Make sure you bank some profit as this has been a great trade.
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