Category: Nezaradené

It looks like the price of BTC/USD has been getting into a wider choppy movement. I hope I’m wrong. But unless the $1000 level is sustainably broken up, there won’t be much momentum to the upside. On the other front any sell-off below $700 or towards $600 would be quickly stopped by a long-term players with substantial buy orders. Is this just a waiting for the usual spring/summer fireworks? We’ll see. Meanwhile let’s profit from what’s on the table…

Sell: 826   Stop-loss: 856    Take profit: 782; 766, 755
Buy:  906    SL: 872           TP: 940; 972

 

 

The XBT/USD chart looks quite bullish right now and we could see record price territory again soon. My bias is up for this week of course.

Buy: 930    Stop-loss: 880    Take profit: 980; 1030; 1080
Sell: 825           SL: 860             TP: 790; 770; 755

I thought this week could be without trading as there’s been a kind of consolidation lately. But you know I can’t just leave the chart totally and being monitoring the price more or less frequently awaiting a possible break out of this choppy market. And it seems here it’s coming. Though the current upmove is not much persuading, especially at this time,  I want to go long for a hopely quick profit.

Buy: now      Stop loss: 650     Take profit: 720-740

 

Short trading of double top formations in a long term bull market can be dangerous. You see, according to “some technical rules” the price of BTCUSD should have fallen down below the $500. That haven’t manifested yet and after a pretty strong correction of the double top sell off the price has been consolidating in the last few days. My personal bias right now equals 0 that means trading lightly. Let the market decide that’s what a trader always should do. Yes, I’m pointing to my short position at $840 that I was forced to close in quite a big loss because expected sell off hadn’t happened. And this only happens when one doesn’t respect own system and has some expectations of a price movement. Trade what you see not what you think.

Sell: 803   Stoploss: 870      Take Profit: 755; 666
Buy:  870             SL: 800           TP: 895; 915; 975

I am probably repeating myself now, but bitcoin is a trader’s heaven. Every time it moves, it does so in a big way. Nicely painted double-top price formation supported by the Chinese crooks (btw, that announcement timing was not a coincidence) has resulted into a steep decline and daily up trend has changed into down trend. My guess is the bottom lies  at around $400 at least. So that means I am not much interested in buying this week. Actually I am still short from 840.

Buy: 800  SL: 746  TP: 840, 950
Sell:  745  SL: 800 TP: 655; 550; 400