Bitcoin Long Set-Up - Larger time frame view

2018年5月8日

As you can see, if we don't make a move up here, we will be looking at a bearish divergence on the 4hr rather with any bounce before 8.9-9k being good short opportunities. A bounce here at 9.3k is a must if we are going to maintain our bullish bias.

Also, the green boxes represent key areas where we may bounce in the event that we don't bounce here.

2018年5月9日

註釋

Little update - I don't know what I was thinking when I said we would be making a bearish divergence if we didn't bounce when I posted. We actually have a hidden bullish divergence. What I meant to say is that if we set a lower low here (sub 8.9k) then our hidden bullish divergence will no longer be valid, however, if you look at the weekly, we are in a solid uptrend and this short-term downtrend is more likely than not to continue. What would negate that is a dip below 8.8k at which point I will potentially be looking for shorting opportunities. See next graph for an updated picture.

2018年5月10日

註釋

I have added a moderate position size here (9100) with room to buy more lower but have a feeling that this may be the lowest we go and because I can keep my stop tighter from here, feel comfortable with a larger postion size. Load up and get ready for the ride. But do not overleverage because one thing that I have learned is that no matter how confident you are, ANYTHING CAN HAPPEN and NOTHING IS GUARANTEED so always have a plan and stick to it.