No need for advanced TA on this one. 3650-3700 is a historical level on the weekly chart. IF this weekly candle closes above it, which doesnt look super likely right now but IF, then we should have a rally upwards towards 4600-5k area.
If there was EVER a chance for a bounce in the destruction that BTC has caused the last few weeks, the next 14 HOURS are prime for it to happen.
Ill keep updating the this post with real TA. For NOW, Bulls need to step UP!
T MINUS 14 HOURS AND COUNTING.
Please leave a LIKE and I will keep updating with what I think is happening as Sunday progresses. Thank you.
-Alex 'Are you not entertained?' Copenhagen
If there was EVER a chance for a bounce in the destruction that BTC has caused the last few weeks, the next 14 HOURS are prime for it to happen.
Ill keep updating the this post with real TA. For NOW, Bulls need to step UP!
T MINUS 14 HOURS AND COUNTING.
Please leave a LIKE and I will keep updating with what I think is happening as Sunday progresses. Thank you.
-Alex 'Are you not entertained?' Copenhagen
Note
Am currently in a long btw. Entry 3400. Tight stop loss. Red lines above are targets.Note
For those wondering about what historical weekly level im talking about. Here it is from back in Sept 2017.Trade active
Always nice to get an alert for first target hit while you’re out on a dinner date. ;) hit me with a LIKE will ya. Note
Moved STOP up to breakevenish. Depending on how far price moves away from your entry you always want to move your stop to a level where you feel like your trade has become invalidated. Dollars dont matter as you shouldnt be risking more than what your strategy allows on each trade.
Learn this stuff.
Note
Target 2 reached. We ballin boys.Note
Target 3 moved down to 3690. And filled. I will most likely look to add again to the position once we find support. We trade hard here.Note
Correction: 3590Note
3650 is gonna be massive resistance. Lets see if we break it. We have 6 hours left till the weekly closes. Not looking good right now. Thats why we take profits.Note
gonna wait to add to the position once we have found support at 3650-3700. since higher chance of going up to 4.6-5kNote
4H just closed very badly. This aint lookin good Traders. Gonna take a miracle at this point. 4 hours to go till weekly close. Note
Gonna get some sleep. 3am here. Will try and wake up in 3 hours and check up on the Price action. Later.Note
Alright fellas. Weekly close was WEAK. But not too bad. The BAD: We didnt close above this last resistance at 3660.
The GOOD: We closed above last 2 weeks lows.
So while it wasnt the MVP I was looking for, we still have some hope. If youre not long yet, I would wait till we break this next resistance or long around 3500 area or an area where we find support.
Note
Remember to leave a LIKE fellas. I got 3 hours sleep to update this.Note
For those looking for to get long who didnt yet. This would be the best spot to do it. Great R:R. Note
Heres the next ETHEREUM trade im taking as it looks like its ready for a push up. Take it or leave it. Will be updating it regularly as Im in the trade myself.
Note
This DOG needs to hold.Note
Trade closed: stop reached
Stop hit as we broke under support. I managed to take profits twice as well as a small scalp for 25% of my position. Go ahead and leave a LIKE if you want more trade ideas with live updates.
Note
I have a story for you about the Great Warrior BITCOIN. Read about what Path he chooses.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.