Risk: Low
Dear followers,
After the healthy correction, which I already mentioned in previous ideas. BTC perfectly bounced its new trendline, and formed a strong support. Besides that, I will not be surprised if BTC will rise faster than BCC next days, because of the hard fork Segwit2x december 28th. Besides that we will collect our free BT2.
Target 1: 15800 (20ma)
Target 2: 16700 (200ma hourly) Not on this chart
Target 3: 19120
SL: 12700
Fundamentals: Segwit2x hardfork
Please, follow and like for more trading ideas.
Questions? Feel free to ask and your feedback is welcome and enjoy your turkey tonight! (Or something els ;))
Dear followers,
After the healthy correction, which I already mentioned in previous ideas. BTC perfectly bounced its new trendline, and formed a strong support. Besides that, I will not be surprised if BTC will rise faster than BCC next days, because of the hard fork Segwit2x december 28th. Besides that we will collect our free BT2.
Target 1: 15800 (20ma)
Target 2: 16700 (200ma hourly) Not on this chart
Target 3: 19120
SL: 12700
Fundamentals: Segwit2x hardfork
Please, follow and like for more trading ideas.
Questions? Feel free to ask and your feedback is welcome and enjoy your turkey tonight! (Or something els ;))
Trade active
BTC is indeed rising faster than BCC. We are moving towards our first target. :-)Trade closed: stop reached
[img]First target reached. We have perfectly touched the 20ma. (Yellow arrow) :-)
A close above 20ma is needed to reach our next target.
This is a perfect example of benefiting from panicers in a bull market, by just following your analysis. A healthy correction doesn't mean the whole market is gonna crash. Congratulations with your profits.
I'll keep this chart updated about our next targets.
Trade closed: target reached
Note
I contacted Segwit2x, the brokers in the link will surely support Segwit2x. They couldn't confirm Bittrex, Bitstamp and Coinbase. They are not sure, because they didn't make an announcement again after the canceled last fork. prnt.sc/hsz2yr
Trade active
[img]We bounced the strong support line again. (Yellow arrow) I know that many people are posting short ideas, because we saw some corrections last weeks, but we are still bullish. ;) Next resistance 20ma.
Note
We broke our strong support line, so we are now bearish in the short term. 8700 is possible now. I'll post a new chart soon to make things more clear. [img]
Trade closed: target reached
I've posted a new idea for BTC. Please, click on the chart below or find it on my channel. I'll only post new updates there. [img]
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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.
Related publications
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.