The support zone of $750-780 has been tested for three times in the previous two weeks and it has resisted though with a lower high bounces. What can’t go down must go up and the situation looks so right now after breaking up the bearish price formation. The move up should be confirmed by a higher highs and getting above the $850.
Buy: 840 Stop-loss: 810 Take profit: 898
Sell: 795 SL: 815 TP: 767; 755
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
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