BTC Moves Into Swamp Area, and the Bulls Aim Higher Target
Updated
Charts talk. Obviously BTC moves into a swamp area with interlaced R/S trend lines. Next step, if bull would like to pump into more convincing volume into market, we will have a chance to have higher price level, but the tricky part is that everyone is awaiting for the ETF issue. This is absolutely a great speculative opportunity, so let's grasp it ;)
After several days sideways between 7200 to 7700 last week, price successfully consolidate above the Strong Support Line. I would say, just like the April 12 bullish wave, we might have opportunity to see the price break through 8500 and even higher 9000, only if ETF issue turns out to be positive. Whilst, buy the rumor and sell the news, we will see a strong pullback definitely after no matter what results. At the moment, i favor the bulls, the setup is there, they just need to grab the opportunity that is presenting itself.
Don't forget to LIKE if you appreciate this. This is my first time posting lines here. ;)
PK
20180723
After several days sideways between 7200 to 7700 last week, price successfully consolidate above the Strong Support Line. I would say, just like the April 12 bullish wave, we might have opportunity to see the price break through 8500 and even higher 9000, only if ETF issue turns out to be positive. Whilst, buy the rumor and sell the news, we will see a strong pullback definitely after no matter what results. At the moment, i favor the bulls, the setup is there, they just need to grab the opportunity that is presenting itself.
Don't forget to LIKE if you appreciate this. This is my first time posting lines here. ;)
PK
20180723
Trade active
Again, 7700~7800 Resistance lines could be a very good short area. Only on 1H timeframe, which means 1H in/out. Stop limit 50 USD above 7700.Trade active
7800 short orders get filled @ Bitmex. ;), As I said, good short opportunity. The first target goes to 7700~7600 level. And move down stop limit position.Note
Sideways around 7700·7600, I suggest we should take 50% profit and observe price action to decide next move.Trade closed: target reached
TP 100% target reached. 0.786 fib position. Next step, waiting for a good position to long.
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