BTCUSD Building a case for enty

2018年1月17日

Looking at BTCUSD chart I can clearly see an area where it is very likely to see a reversal. This is the zone 8400-7600. Few intersting points to watch in that zone:

1) Bullish Gartley pattern completion at 8200$ (+3)
2) Major daily support level (previous highs) (+2)
3) Harmonic move completion AB=CD (+2)
4) Fib Ratio Confluence (1.272 Fib Ext + 1.414 Fib inversion + 0.618 Weekly Fib Retracement {measured from the 165$ lows}) (+1)
5) Daily RSI oversold possibly (+1)
6) MA 200 days getting closer

In my CTS trading strategy this case for entry will get a score of 8-9. This is a very high score in my opinion, so this should be considered as a high probability longterm trade. Stops and targets are up to you. If we take the tranditional Gartley stops and targets we get:
Entry 8300
Stop loss 4950$
Target 1 11650$ (CD 38.6% Fib ret)
Target 2 13800$ (CD 61.8% fib Ret)

2018年2月2日

交易進行

2018年2月6日

註釋

Trade still open. Just notice that on other exchanges like bitstamp the gartley is invalid but there is a bullish bat in progress. Entry point was around 7200$.

Also the next big support zone is at 4500-5000$ so I ll use a wider stop loss and give in order to give my trade some room until the bearish move bottoms.

Stop loss 3740$ (1.13 Fib ext of AB)

2018年3月28日

交易結束：目標達成

Target 1 at 11650$ reached (20 Feb 2018)
Target 2 not reached

50% of the position should be closed on the target 1
Rest 50% of the position should be closed on the breakeven point after target 1 was hit.