Big upside coming for BTC Bitcoin

٢٨ ديسمبر ٢٠١٨

If the 0.618 fib holds (3600 level), I'm expecting a completion of the right shoulder of this big inverse H&S being formed on most high time frames.

Technically, it is a buy above a clean break of 4400 (stronk resistance), but a buy with a stop right below the 0.707 is a decent r/r play

Long: 3660-3700

Stop: 3550

Target profit: 5600

٣٠ ديسمبر ٢٠١٨

ملاحظة

Symmetrical triangle being formed on large time frames. Breakout is approaching the apex. A break below and 4 hour close below this trend line will signal an exit of all long positions and a re-test of the lower channel.

٣١ ديسمبر ٢٠١٨

ملاحظة

Possible drop to the 3850 level (on Bitfinex) to re-test the symmetrical triangle support.

If it falls below this, I'm out of all longs.

٣١ ديسمبر ٢٠١٨

ملاحظة

Looking bearish so far. MACD is flat lined, but consolidation around critical support with rejection wicks means that downside hell candles could be imminent. I'm out of more than half of my long positions at a decent profit.

Still has yet to hit my 3850 stop loss

٣١ ديسمبر ٢٠١٨

أغلقت الصفقة: تم الوصول لوقف الخسارة

١ يناير ٢٠١٩

ملاحظة

Just as I expected. Broke below the symmetrical triangle. Should be confirming resistance now with more downside ahead.