I currently have a debit spread open on BTC, with a $100 spread. BTC 31mar17 1100/1200. I expect the price to be trading within this range for a bit, however not all of it is completely sound. The probability of the call leg being In-The-Money is about 60%, and as of current it is trading pretty close to my strike price. To hedge that, I opened up my short leg...
Waiting for the 4hr to close at doji then downtrend into oblivion where we will then buy around 350ish and go to new highs. Stoch suggests a bearish trend here, as it was overbought on the 1hr chart. Good luck!
After the few days we've seen a rally up to new tops at 1646, it's time for a correction in the short term. The predicted target is at 1617 (a great resistance point). I would short with a stop at 1633 (as of now) and a stop-loss at 1644. However, it is not certain of what will happen once it reaches 1617. It might sit on that resistance for a bit then plunge...
After its recent hike up to a peak of 1602, it is been on a down fall to it's original price it started the pump up. In the next six days, it will definitely pass that peak of 1602 and hit 1620. Go long! Best time to catch that dip is around 1570 while it's on it's slow rise. I think the chart speaks for itself. 4hr chart:
The past few weeks Huobi decided to switch into an uptrend. It seems to not want to break that trend for a little while longer. My prediction is that it will hit 1580 (the resistance) and break out after hitting it a second time, back to about 1620. The chart shown in this idea is an hourly chart, showing that the trend is clear and obedient. However, don't...