Bitcoin has started to bounce up nicely, remain bullish

Buy above 14332. Stop loss at 13581. Take profit at 15662.
Reason for the trading strategy (fundamentally):
We’re seeing a slight recovery on Bitcoin largely because of a few good news surrounding it. Firstly a report by Goldman Sachs highlights how bitcoin could serve as alternative forms of money in troubled economies, especially where traditional services of money are inadequately supplied. Along with that, Bitmain, the China-based bitcoin mining giant, has set up a new subsidiary in Switzerland after China’s move to quash the mining ecosystem. This has provided hope to many Bitcoin investors that most of these bitcoin mining companies would simply relocate to Switzerland.
Reason for the trading strategy (technically):
Price has finally managed to break out of our strong descending resistance line triggering a bullish move from here. We remain bullish above 14332 support ( Fibonacci retracement , horizontal overlap support) and expect price to rise up further to 15662 resistance ( Fibonacci retracement , horizontal overlap resistance). Our next most intermediate level of resistance is at 14980 (swing high resistance, Fibonacci retracement ) and only if price surpasses this level would it add further conviction to our bullish move.
RSI (34) sees a recent bullish exit of its resistance-turned-support line which is in line with what we have seen in price.
STOP LOSS reached, update your chart.... BTC ready for the BIG FALL
Its funny how peoples TA's suit what THEY want it to do. Treat it like you dont hold any btc.
Bearish, loss, , kaput !
whoops, missed one did we? JK, you are dead on more than not.
pinkwojak KeithHigginbotham
The last two times he was wrong about BTC, the rise/fall was caused by news, which he couldn't have predicted.
+1 回覆
@pinkwojak, I just said exactly that. He is right more than not. It happens.
+1 回覆
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出