Look like an impulse wave up, Long on Bitcoin

2017년 11월 8일

With high volume Bitcoin broke out and made a spike up towards the resistence zone 7350. I think it will fall back to around 7200, this will be a good buy opportunity. Because it is almost certain the short term low is set around 6950.

2017년 11월 8일

노트

If it doesnt drop now, it will probably go directley to 7400/7450

2017년 11월 8일

노트

Small H&S, If this impulse wave wont drop here a little bit with thbis pattern, it will go directly to the 7600

2017년 11월 8일

노트

"They" are still holding it, it looks very strong, but still i think it will drop 100 points. to about 7400/7380. From there it will go up to 7600 and higher i think.

2017년 11월 8일

노트

or not :), thought i would get another chance to add some longs, but it seems to powerfull (or greedy)

2017년 11월 8일

노트

I am selling all my long positions now. I am turning to short, volume is weakening, futures are making lower highs than Bitcoin. I think t will drop to 7400/7350

2017년 11월 8일

노트

Going short is risky!! fingers on the trigger, this is an impulse wave up and it's not done yet

2017년 11월 8일

노트

i will probably close the shorts at 3780. Then i will turn long again, but i will wait for a signal/confirmation on the 1 and 5 min chart

2017년 11월 8일

노트

And thats the risk of trading against the trend. I had lowered my stop of the shorts so no loss there, but now i ahev completely missed this wave up