Double top trade

BITFINEX:BTCUSD   Bitcoin / Dolar
Dilihat 373 kali
373 18

Now we can see the great pattern with great risk/reward ration if to trade properly. Double top . Because we have huge negative volume , the pattern will probably perform well. But entering into short trade right now would be unwise because we can either to pull back to 10000, either to form a range. I think 200 sdma is important level so we should go to 10000 amd 50 dmsa, but this scenario is highly risky. No trade in this zone.

Target = B - (A - B) = 9300 - (11800 -9300) = 6800

We have 2 scenarios now.

1. Pull back to 10000 or 10500, see technical indicators reversing and enter short early in case something goes wrong we exit with small loses or even profits.
2. We break through 8300, close on 4H chart required and then enter. Or if red candle looks strong.

This is long term trade and it wont happen in a few days. For educational purposes only.
Komen: for short trade close below this large green candle and break from wedge on huge volume required
Pesanan dibatalkan
Bro, I went long because I think shorts gonnna rekt soon!! People always screw up timing. We'll see. Otherwise I get stopped out and it's all good. Ciao
TonyCryptano mightytrader
@mightytrader, you are the only one responsible for your trades
mightytrader TonyCryptano
@TonyCryptano, Time for lift-off! Moon within a few days! $$
Whales are going to scare shorts. Then they are going to crash back down to $8700 area. Then they gonna PUMP near or above $10k... then they will move sideways... then they will unleash Armageddon upon the sheeple people. $10k+ is the supply zone, IMHO.
mightytrader mightytrader
Timeframe: between this weekend (now) and by end of March.
TonyCryptano mightytrader
@mightytrader, probably, but we do not know. But I'm sure that somebody will have to lose a lot of money before they dump it completely. I expect a lot of fake bounces up, down fud and even more shit. Better to enter for long term IMO
+1 Balas
mightytrader TonyCryptano
@TonyCryptano, I think we go back to sub-$2k within 2-5 years... probably within 2 years.
TonyCryptano mightytrader
@mightytrader, i think we go near 3-4 k then deep accumulation.
+1 Balas
mightytrader TonyCryptano
@TonyCryptano, actually, that seems more likely. Regardless, I will buy at those levels for long-term investment. Anything above September's highs I don't trust.
TonyCryptano mightytrader
@mightytrader, probably will be something like this. 1100 - to 200, now 20000 to 3000. IMO
+1 Balas
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