Lest catch the Break out on BTC, and bank some Profits
Updated
BTCUSD D BITFINEX
Wow, could this look any better for the BULLS???
What a text book couple of days for BTC on the daily chart. I will mainly talk about my Trendline (Black line) , but have left the other on the chart (Pink line) as its clearly in play to some degree as well.
So yesterday was a pullback day, How is that good for the bulls you may ask? Well for two reasons, with our new low having formed we have stayed above our support trendline (BULLISH). But its our Resistance Line that is key, having broken our resistance line we have come back and not only tested it but closed on it yesterday, and today not only are we building away, but we pulled back a little so we could bounce of it exactly today. The market has Advanced through this line, next day pulled Back and closed on, and next day Continued in the original direction based off it. Its technically perfect ABC pattern and a very strong bullish sign.
The aggressive can enter anytime now we have the bounce with a stop below the broken line.
Its more conservative to wait until the top of yesterdays bar is broken and trade up to resistance around 11800.
Conservative Entry
BUY 11066
Stop 10200
Target 1: Take profit the first time a Daily bar closes above your Entry
Targets 2-3 Please bank Profits before the blue doted lines at 11174 and 11835
Wow, could this look any better for the BULLS???
What a text book couple of days for BTC on the daily chart. I will mainly talk about my Trendline (Black line) , but have left the other on the chart (Pink line) as its clearly in play to some degree as well.
So yesterday was a pullback day, How is that good for the bulls you may ask? Well for two reasons, with our new low having formed we have stayed above our support trendline (BULLISH). But its our Resistance Line that is key, having broken our resistance line we have come back and not only tested it but closed on it yesterday, and today not only are we building away, but we pulled back a little so we could bounce of it exactly today. The market has Advanced through this line, next day pulled Back and closed on, and next day Continued in the original direction based off it. Its technically perfect ABC pattern and a very strong bullish sign.
The aggressive can enter anytime now we have the bounce with a stop below the broken line.
Its more conservative to wait until the top of yesterdays bar is broken and trade up to resistance around 11800.
Conservative Entry
BUY 11066
Stop 10200
Target 1: Take profit the first time a Daily bar closes above your Entry
Targets 2-3 Please bank Profits before the blue doted lines at 11174 and 11835
Note
Those who got this trade on the $ Hr Chart, as price bounced off the 200 EMA should have banked some profits already as we approach the adjusted Trend line (Pink).Trade active
Well here we go, with an entry and a crucial time to watch the market.Its the most importnat time for BTC in my opinion. We are currently breaking the high of yesterdays bar, (putting us in our trade)
Its time for the Bulls to turn up and get us through here. If we keep getting Bullish set ups and don't get through the market will lose patience and the BEARS will come back.
WE are above my channel and the other Channel and the most recent high, now we need to push on and close up here on the next 4 H and daily charts. If we do that the BTC BULL game will quickly become the most popular game in town again and big wins on this and other trades are likely.
If we close below this level i would reduce your risk on the trade.
I remain Bullish and expect a good push up, but need to remind you of both scenarios.
Trade active
To all the HATERS, Oops, i forgot, we don't really have any Haters just happy Followers. I hope our TA is clear, that you can follow it. We have nailed BTC regularly.We are entered in this trade now and will keep you updated as to progress here.
We are going to focus on good quality TA in our daily posts as well. Please follow that if you want an overview on BTC updated daily.
We will post any other new trades for you guys.
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Thanks DSs
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Still waiting for BTC to break this level. Its a fair battle here between buys and sellers and if we don't get through today i will expect a pullback so we can create some momentum and have a run at the level again. So many opinions (Guesses) on BTC that its creating a bit of hesitation while the negs say we are going to 1000. While anything is possible, i cant find a credible technical case for it. Price is KING and recently Price Action has been Bullish, and we have clear areas to change that opinion if we need to.
I will stay in the Bullish camp, and i can tell you after 15 years, i'm not a dreamer, or a followers of popular opinions. My charts are just giving me a reasonably clear message and as long as they do i will back it.
Trade active
Everyone has theories on BTC, Where as once again have some banked Profits. Who likes profits? If its you like us, follow us join us.WE should have banked some profits at 11174, we are currently just above that target level, and our previous bars highs. A 4 Hour bar close up here should see a push towards our next Target.
Keep banking profits as we go on this trade, as a Pullback is inevitable if we dont accelerate through at some point.
Like us, follow us, Join us and bank more profits
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If you took the aggressive entry, it would be a nice little bank, the conservative entry its a bit smaller. It doesn't matter, in a market where most others are watching, losing or putting don't trade this disclaimers on there posts, every bit of profit is valuable.Give yourselves a pat on the back fro your discipline, and put some money back in the account.
Like us, follow us, join us and then learn and profit
Note
Strong solid movements being made by the BTC and looking good for next target.Trade active
Price is moving much as we predicted, and we are heading towards another target.After the break of resistance at 11174, we have popped up and then consolidated for a 4H bar, and are now pushing up again. Our next target looks clearly in focus.
Trade active
Banking profits #2Everyone should have banked two sets of profits now. The aggressive entry takers should have taken 1 yesterday for the first bar that closes above there entry, and the conservatives should have that today. This is a VERY conservative method of taking profits and we are using it because if a very choppy market.
Everyone should also have banked some profits @11174 so we should all have two profits banked. I cant STRESS enough how important it is to bank Profits in this kind of market.
WE now have a final target in ind and will leave the balance of our trade on to chase this. Please read the daily analysis thread to for more information on this.
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