Bitcoin
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So You Want to Know how to Catch A Falling Knife.

Telah dikemas kini
Our last Long Term entry was stopped out at a profit of 11390/BTC which you can review in this link
BITCOIN Long Term Entry


This idea will show the next long term entry point that will let us keep tight stop losses.

I does not seem like the downtrend is finished, BTC is not showing enough strength on the up. It's making a corrective structure for another wave down.
I'm looking for an entry on the low 7000s (watch idea closely for when to enter and set stops).

Please keep in mind you need to follow this idea closely and the updates. New information comes by the minute and price structures reveal themselves.
I employ strong money management, you have to lock in your profits and cut your losses.
Nota
We are looking for structures to form as the BTC story unfolds.

Possible downward channel forming.

syot kilat
Nota
Bitcoin is looking to reverse on a double bottom
syot kilat

you can enter this with a stop at 9030
Nota
Reversal failed. This has turned into the next corrective structure.
Original plan is valid.

syot kilat
Nota
down we go

syot kilat
Nota
panic is off the charts. This is a good sign.
We are currently going down a steep channel.

syot kilat
Nota
No buying opportunity yet. This has more down to go.

A possible descending wedge has formed.
Watch closely

syot kilat
Nota
so far so good!

We are getting close to an entry point.
Continuation of this idea is here

So You Want To Catch A Falling Kinfe Part 2
BTCUSDLONGTrend AnalysisWave Analysis

Penafian