stewart_2611

stewart_2611

Since bitcoin future trading launch, the act of Bitcoin making new All Time High (ATH) will be not so fast anymore as compare to last time. The nature of Bitcoin will no longer unique. Last time, it will break all the trading rule and analysis. But now, it nature change to common market price action. It will respect psychology level such as support & resistance,...

stewart_2611

- Price is getting slow and making ranging channel between 16750 and 16450. It look like no big dog or big wheel want to take any side yet. - This indicated explosion will happen if either side of the channel broken. - Hopefully it will have bullish break later.

stewart_2611

-Major trend is downtrend. -BBand100 in H4 show side way trend. Best is to activate side way trade mode. Buy at support and sell at resistance.

stewart_2611 Updated 

-The resistance around 16666 was broken with bullish engulfing candle. This indicated the bull force is still massive and the price will keep moving up to 18000 this week. -The price might do temporary retrace and bounce up from the trend line or support at 16050. -Those who haven't enter long trade yet, may put their buy limit at 16100. Previous analysis as expected

stewart_2611

Since CBOE exchange trading lauch, there will be more professional trader like bank, fund manager and other pro trading bitcoin. And these trader will trade bitcoin like their usual trading activity. That mean they will sell when the bitcoin price is high or near resistance and buy when bitcoin price is cheap or near support. Last time, bitcoin is more like (Buy,...

stewart_2611 Updated 

- Last week, price drop so much until level around 12700 as many buyer secure their profit before the launch of CBOE exchange trading. - Now, price is progressively heading toward level 16000. - If price manage to break 16000. it will soon go to next level 18000.

stewart_2611

- BBand 100 show sideway trend. - If the trend change to uptrend, the price will bounce on the trend line. - The best to enter trade during side way trend is buy at support and sell at resistance.

stewart_2611

- Daily chart overall trend is uptrend. - BB100 is becoming smaller indicate possible uptrend exhaustion. - The best possible buy trade level will be at fibo 61.8 or support level.

stewart_2611

-If current resistance hold, price will bounce downward

stewart_2611

Short trade opportunity

stewart_2611

on H4 chart, nice bearish candle breaking the support at 1.3400.

stewart_2611

Buy oppurtinity

stewart_2611

Buy trade opportunity

stewart_2611

Buy trade opportunity

stewart_2611

Short trade opportunity

stewart_2611 Updated 

Long trade opportunity Daily chart

stewart_2611 Updated 

-High probability trade at resistance

stewart_2611

There is 3 batch of big dog taking profit of their buy hold position 1. The 1st batch of big dog taking their profit is the one who make the market having it first pullback. 2. The 2nd batch of big dog still hold and did not taking their profit yet because they believe the market still able to go up further. But they will take their profit when the market...