BTCUSD: When to go Long for BITSTAMP:BTCUSD by Contrarianeyeview

BTCUSD: When to go Long

1D close above previous daily candle with a retest of breakout zone continued with a 4h uptrend into fib extension targets: waiting for daily close above prev 1d candle with a re test and bounce from break out zone will bring us into the 2.168-3.168 targets, a failed retest from bouncing break zone into a dump/correction rejection signals our lower buy zones labeled down to the 1D 50EMA.
sit back relax and wait for the chart to playout.

Note

Our 3 Long ladder zones are the yellow upwards sloping support channel , the Long here Box and the 50EMA Box. ( not financial advice just pure and simple T.A )

Note

Note

BTCUSD: Simple Signals to long (chart tells all)

Note

one last confluence with our prev long

Note

now sitting on 3rd eye just under the 2.618 so we are very close to the end of this pattern, take profit for a % move stops to profit or entry , TP is around 58880 laddering to 6354x depending on ex you are viewing, a safe mid range is 59000 a few points under the target of 63000 is to tight to worry about, the top is very close for this wave 5 micro, with it being a possible wave 3 ( thats for a new t,a) i am not expecting a large corrective, i will chart that very soon, but we are close, of coarse we may do yet 1 more extension but at this point unlikely we hold range after wave 5 and go back to clear some algo targets above the old ath daily

Trade active

Long activated (first green box long signal given)

Note

first lower green box (Labeled Long here) was buy triggered (dont mind the position placement trade is active already ) hope most took not of this long from the 19th of feb

Note

we can also note we have re claimed upwards sloping channel support (yellow channel ) a breakdown of this channel signals a short or new long placements , watching 1-4 and daily trends to keep our triggers on direction (High/Low) if lost on say the 1h move to the 4h then daily for a trend t.a.

Trade active

long taken from given zone, chart update on 4h bull flag chart. (same chart feb19 t.a given 1D)

Note

Contrarianeyeview

Related publications

BTCUSD: Simple Signals to long (chart tells all)

by Contrarianeyeview

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.