Bitcion
BITCOIN: Short-term channel channel BuyShort-term buy..... look for the price to bounce of the support line
Bitcoin bullrun in anticipation of Segwit activation?If bitcoin goes on a bull run in anticipation of segwit activation mid to late august, expect a price of around $3950 at top of channel. #btcusd
BITCOIN: At Key Resistance (Short-term Sell)Sell now for short profit.... Wait for Long position when price drops to 2700-2800....
Posible short term winIn this trade that I opened on the 2nd of July I have a target Price of 2,900 BTC. Entered at the price of 2,500 with a Stop Loss of 6%, 2,350. I put this stop because is where the price could touch the low end of the Bollinger band. With a target price of 2,900. This is kind a risk and speculative move and if it does not brake the upper line of the triangle I will take my profits, but if it breaks it, I really think it could go up until 2,900.
But I will be very careful and I putted a little money buying BTC, if the coin breaks the 2,400 support is very probable that we see a down trend.
If someone was wandering why I put my Stop Loss on 2,350 and not in 2,400 is to a leave a little space for a confirmation of the support line.
US30 SELL SELL SELL 8000 PIPS TARGET :) I took a sell trade over a month ago
This setup may seem crazy and unrealistic
but i truly believe take profit will be hit by the end of 2016
Reasons behind this many reasons which i will not go into but if anyone would like to no why
contact me i have no issues with explaining :)
8000 pips here we come
Update: Bitcoin Back at Support for an Up SwingThis is actually a hard call because those that have followed me for a while know how much much i love my Triangles, which were very reliable in 2014, not as much in 2015. Statistically a Descending Triangle should break to the downside 2/3 rds of the time, but as we saw in late June, there was additional support via 50-day SMA to make the triangle break out to the upside. It appears we are facing the identical situation again just on a slightly bigger scale. (Fractal Fans Around).
In addition to the 50-day SMA we have the 3rd of our trend lines being hit right now and this is the one we are expecting to hold. The MACD and RSI are not ideal for a turn here and still have room to the downside but I'm being optimistic and a bit premature as I missed good entries on the last two up swings this summer waiting for a larger pull back each time to more sound support.
If the price does break to the downside there should be additional strong support around the $255 area and the 200-day SMA. As it stand right now the Swing target off support is the $320-330 area. Conservative stop loss with a close under the 50-day SMA and a lenient stop loss with a close under the 200-day SMA which has finally turned back up.
Good luck traders,
Please check out my more detailed Weekly Traders Newsletter published at BraveNewCoin:
bravenewcoin.com
And my weekly articles: bravenewcoin.com
I will also be speaking at several events this year like NYC LibertyFest, Inside Bitcions South Korea and San Diego along with a few more.
Tone Vays:
@Tone_LLT
