Ian15

Ian15

Over the past week, we can see that the buyers have been struggling to hold up the 3480 support as any buying has been met with more sellers. Yesterday, buyers finally gave way as we saw the 3480 lvl broken. As such we can expect to see the selling continue till 3150 where we can expect to see some short covering and buyers to provide support.

Ian15

The market has plunged parabolically over the past week and we can expect more profit taking for shorts so can expect more buyers to come back. We can expect a pullback towards 260 where we can potentially see sellers coming back again to bring the market lower. It might be wise to lock in profits for current short positions and to time your reentry at around 260.

Ian15

BTC breakouts from the channel but stochastics overbought. Would wait to take a bounce trade from a 20MA or 50MA.

Ian15 Updated 

Various risk events and geopolitical-uncertainty. Time to load up with more haven assets to hedge for the medium term.Long volatility. Testing potential new resistance with two bearish pins seen.

Ian15 Updated 

Looking to long if breakout confirmed can put a stop order above the resistance line at about $938

Ian15

Will prefer to wait and see if price comes back down to test new support for additional confirmation before entering.Nice earnings but looks quite expensive with it near the 52 week high. Decreasing volumes too.