BTC may have a tiny dip before Next rally

30 Jan 2020

Hey all,
I am back with another chart. BITCOIN sounds so strong at the moment, I am Very bullish with bitcoin and expecting it in 10ks however I am also expecting a tiny dip here which could take us back to 8700-9000s range before another rally.

So my trade advise :

For Day Traders and Quick Scalpers:

Short around 9360-9300
Target : 8800 - 8900 -9100
StopLoss : 9420(very tight)

Peace,
Budha

30 Jan 2020

Nota

We hit 9165 from 9479 and back to 9400s. So I expect 2 scenarios here:
1) It can pump very little like 9450- 9540s and fail to 8900-9000
2) It can pump till 9700 and high without any dip.

30 Jan 2020

Nota

Weekly little Bearish

Daily Bullish with very less momentum

So I am favoring 1st scenario in the above comment. I personally not trading this dip as you can see in the previous comment, 2 wicks and both stop and target are met, thus trading tiny targets yields to bad results than profits. However I still set my targets for the 1st scenario as I am favoring it :

TRADE : SHORT around 9450 -9540
TARGET : 9000-9100 (8900 can be expected too)
STOPLOSS : 9590 ( I know again very tight stop but this is the best way for tiny movements on counter trend)

31 Jan 2020

Nota

As I mentioned in the above comments, it failed to pump above 9540s, now we shall wait and see for my scenario 1 target.

31 Jan 2020

Nota

We had a retrace till 9221 from 9568 which is great to have and I am long from here. Expected Target is more than 9700 for now.It can dip a very little here but I believe holding shorts here is not safe so be patient and stay away from shorts. See you all soon with new update enjoy

31 Jan 2020

Nota

good to see that We hit 9350 from 9221. It is a very good sign

1 Feb 2020

Dagangan ditutup: sasaran tercapai

Good to see that we had hit 9463, and for those days traders who longed since 9220s this profit can be appreciated. I am closing this post as the idea of this post was to pinpoint that tiny dip which actually happened. Just to note I am Neutral with no long or short as I have problem here to realize which way it is going and I may take 2-3days rest as I seriously follow rest protocol in order to keep myself away from Over trading. I will be back with new chart soon. All the best and have peaceful trading.

Budha.

2 Feb 2020

Nota

Published a new chart and will provide updates there