July 17, 2015. Bitcoin Weekly update, pullback, bullish trend
We were down 4 days in a row, by Friday, the selloff slowed and dips were bought. Taking a look at the daily chart, we are still above major support and above rising trendline bitcoin daily chart/supports
If price can consolidate and stay above major support and trendlines, it is bullish. I will be buying the dips. If we falter, I expect another retrace to 250 around the 200 day moving average.
I also got hate mails, bad trader, bad calls etc... because my recent trade had a loss of 4.8%. My only comment is that, as a trader, it is only probable that I am profitable on a trade, not guaranteed. I am not a fortune teller. Please don't blindly follow any trades. Risk appetite and risk management is different for everyone. If I posted a disclaimer every time, I feel conceited so I don't know.
I do live trades and bitcoin market analysis daily. Follow me on my bitcoin trading blog and twitter: ibankbitcoins.com, twitter.com/ibankbitcoins
Time-stamped trading performance:
ibankbitcoins.com/bitcoin-trade-performance
If price can consolidate and stay above major support and trendlines, it is bullish. I will be buying the dips. If we falter, I expect another retrace to 250 around the 200 day moving average.
I also got hate mails, bad trader, bad calls etc... because my recent trade had a loss of 4.8%. My only comment is that, as a trader, it is only probable that I am profitable on a trade, not guaranteed. I am not a fortune teller. Please don't blindly follow any trades. Risk appetite and risk management is different for everyone. If I posted a disclaimer every time, I feel conceited so I don't know.
I do live trades and bitcoin market analysis daily. Follow me on my bitcoin trading blog and twitter: ibankbitcoins.com, twitter.com/ibankbitcoins
Time-stamped trading performance:
ibankbitcoins.com/bitcoin-trade-performance
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.