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Btcusdprice

#Bitcoin #Btcusd When to go long or stop shorts ?When to go long? Three choices on my 2 hour chart. They are all points which had great significance in my thinking to go short. Williams Fractals (50% $7,367.6 H =$8,120.2), (50% $7,037.3 H=$7,509.7), (50% $6,991.5 H=$7,189.0). I cancel all my thoughts about shorts with a stop $7,189.0. Review going long. Can always short again later. Those 3 points on the 2 hour chart would also apply to the 4 hour. Bollinger Bands also narrowed on 2 hour chart to indicate that a touch of the bands either way would signal direction of market (sometimes can be false and you need a strategy to deal with). It's already done that once on the 2 hour chart indicating a possible break higher. If it did that again or broke beyond the previous touch could use that as a closer stop. The 4 hour chart also has bands close enough that if price touched would indicate where price was heading next.
BITFINEX:BTCUSD
by UnknownUnicorn2181194
More Big Picture Williams Fractals Mashed Into Daily BarsInteresting observation. I created two yellow bands for the two William Fractals mentioned in previous postings using the high and low and what's interesting for those who like counting is that price closes in and out of the bands between 4 to 9 days. I'd say the odds of Bitcoin dropping out the box are increasing by the day. I've marked with two big fingers one interesting pattern where price failed to hold on to the 50% mark inside the bands. Blue up and down arrows relate to where on the 2 hour chart price touched upper or lower Bollinger Bands (see previous postings). Fib extensions relate to high low of Williams Fractals within the bars circled but on the 2 hour chart (see previous postings).
BITFINEX:BTCUSDShort
by UnknownUnicorn2181194