BitcoinUpdated Targets of this ABCD pattern
Targets are highlighted in red, offcourse there is the possibility to go (much) higher.
Adjust your stops after hitting target and try to make it a free ride!
Adjust your stops after hitting target and try to make it a free ride!
Trade closed: target reached
target one hitthis level is key, when it holds we will see blood for next days or weeks, stoploss should be shifted here to entry level.
when it breaks the sky will clear and the possibilty that 22-12-2017 is a long term bottom will grow.
Trade active
the other update says trade closed bit thats not true, only first target is hit and trade is closed 1/3, stop moved to point D wich is entryNote
BOOM! high volume push smashes the strong resistance and key level!target two is point C or 61.8% (14644) you have to choose by your self, i choose point C but so far 61.8% is holding.
After hitting this target move stop from point D (entry) to 13500 or so (below 14070 50% but not to close...possibly 14070 coul be tested back (aggressively!)
So..an important resistance is smashed(!), stoploss is above entry and there is still 1/3 or 2/3 posistion left...We micht see an an ATH! Enjoy the freeride!
I will not do more updates on this one, i will make fresh charts with new insights, new setups or just something wich I find interesting.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.