


shayk47
Lots of choppyness with 6350 as strong resistance --- doing alot of scalping on future contracts but for the rest of the day here is my strategy: China is waking up and volume will pick up. Tread lightly as we are trying to break out But not overly bearish signals here. Stop losses --- and short if it drops sharply beneath 6200 --- Stagger buys up if it...
Looks as if we are retracing back down to prior lows ---- I am taking my longs off and going to short if we break down thru 885.
If this bull flag works ---- We should start to move back forward --- Keep stop losses over weekend as the chinese have major volume and anything can happen --- This is my best guess --- Good Luck!
Buy bounces of red sell bounces of green hold --- hold the black---- if we break upwards of green could climb back to bottom of first down wave...
We are channel bound and depending on which way we trade we will end up at one of two places --- I'm guessing the down side ---- but shorting this bull market is scary --- I am just scalping day trades on this up and down and if it breaks 5950 or 6450 I will put money to work. The channel midline is 6200 so above that is good for long below that good for short ....
Bearish flag breaking down to form second pole over the next 6 hours. Hold on to your pants! Panic selling has begun
Top of Flag at 6925 Bottom At 65265 That should be trading channel then as it breaks down it legs down quick dont get wipsawed stop losses need limits on them best to monitor yourself so you can execute it on your own but have saftey trades queued up Drink a redbull and join the party! Going Higher but this is consildation make money shorting or move out...
Going to break down further short --- but light leverage and be ready to bump breaks. Bearish Flags forming indicating further sell off
I am guessing its going to go down so I have limit buys down at the 8300 level and a stop loss at 8750 --- small position --- just think we get a breather here. Target 8300 for a new blast off tomorrow trend line can not hold this steep for ever --- volume has lightened up
Finish the consolidation and getting ready for lift off --- nice hedge if you are holding BTC
I think we see another rangebound day but upwards price movement from where we are now
1023ish strong support with resistance at the 1035 --- either break through that or range bound between the two stop less under the 1023. sell 1/4 position at 1034