Bitcoin (XBT/USD, BTC/USD) - Neutral

Whats Up Guys,

Interesting night last night, just getting moving over here ont he West Coast (EST) -

We had a breakdown below the Cyan Support Line and hit a key support zone that I identified in a previous chart. I made some quick profits on a tight scalp with that move, hopefully some others did as well.

Some of you will be irritated by my post, but my intention is to try and predict all POSSIBLE paths that bitcoin can take - not to predict the one that it WILL take. With that said, I believe bitcoin will follow one of the following three paths, identified as A,B,C below:

Path A: Breakthrough the current resistance zone and head up towards 9450-9550, at which point we would reanalyze.
Path B & C: Bounce off the current resistance zone back down to the previous support zone -
Path B Continued: Push up and out and basically continue along the path of A
Path C Continued: Collapse through the previous support zone after a retest, and proceed downward at which point we would reanalyze.

I am not in an open position at the moment. I am waiting for the chart to develop before entering a trade. It is too indecisive for me at the current time given my trading style and system.

Good Luck All - give me ten likes and I will update this chart.
See you on the trading floor.



White Line - Previous Support / Now a Resistance
Grey / Purple Boxes - Support and Resistance Zones
Purple Lines - Falling Wedge with Break Out Confirmed
Cyan Lines - Previous Bullish Channel Lines
Green Bubble - Area of Interest from Last Night
Yellow Lines - Possible Moves

交易進行: LONG 50x
SL 9285
TP 9350
評論: Bear Flag Painted on the 15 min chart

Volume Reducing since the spike -

Looking good for another breakout - but as always, be aware of traps.

Stop Losses and Take Profits, Position Sizing, are most important
評論: Sorry for the delay on the chart, I closed that trade out around 9335 yesterday afternoon. It was a short term scalp.
評論: Pretty tight ranging for a few days now - not much to get excited about here with bitcoin for the time being
評論: New Twitter Address:
Twitter @WillNixxx
Nice work :)
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 價格 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表解決方案 尋求幫助 功能請求 部落格 & 新聞 常見問題 維基 推特
概述 個人資料設定 賬戶和賬單 尋求幫助 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出