Price dropped to the kumo and the uptrend line 1. RSI and a reversal candlestick pattern confirmed price reversal and possible up movement. We got a buy signal and it was a time for opening long trades from 2500.00 level. Stop orders for such trades must be placed below 2420.00 and take-profit near 2600.00 resistance level. Also we have one more possible entry level based on the local swing high. Place a buy-stop order higher than 2635,00 for a case if the market starts up movement and breaks 2600.00 resistance level. And one more thing, you should be careful with these long trades. The market has potential for falling to 2000.00 and 1800.00 levels.
You expect all market go up in this time ?!!
We can buy bitcoinplus ... I already have bitecoin
lg4legacy
⋅
Take profit at 2600 and be carefull for falling to 2000 or 1800.
lg4legacy
⋅
@lg4legacy, sorry but everyone here can easily say that.
DLavrov
⋅
@lg4legacy, really? ok, why not! what is your trading plan for bitcoin?
TheCryptoHedge
⋅
@DLavrov, Bitcoin is only a current downtrend until august. It will most likely drop to atleast 2100 by august 1st. With a lot of that capital flushing into LTC. It's a 50/50 toss up in the end. But there's no way in earth BTC is bullish in any way, when you don't base it off of analytical stock trading, and look at a huge moving notion of where everything is going right now.
TheCryptoHedge
⋅
@carsonford, I browsed at your recent buy-ins for btc, and they've only been hitting the buy-in and then downtrending below that buy-in level... With a new acclaimed buy-in
DLavrov
⋅
@carsonford, Bitcoin moves in up trend based on the weekly and daily timeframes. Now we have correction. How we should trade? The right way is - wait for price reversal and join the up movement. It's possible to buy now and hold, because these levels can be good for small volume.
Shinhunter
⋅
@DLavrov, Keep up the good work Dlavrov. Anyone can read a few articles and know the BTC upgrade is coming and make comments.
lg4legacy
⋅
@DLavrov, love is blind. let's look at the chart, begin from 1 month, 2w, 1w. We can see where we are : 0.236, the weaknest fibonacci. When Japanese and Chinese pushed btc up to 2900 then immediately took profit too soon, we've all seen the strong downtrend till now. Yes we have support lines, but it's enough. I'm talking about psychology, as well as Elliott, seems be good for us this time. BTC will be sold more and more. Once and once it down to 1900/2000, it might be reach 3000.
FreSh_PrincE
⋅
It's all about Segwit guys. This is the first really revolutionary upgrade to bitcoin. Once it snaps, b00M! We're off to the races, place your bets!
We can buy bitcoinplus ... I already have bitecoin