Tendorian

2nd April Bitcoin Looking for long trades.

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BITFINEX:BTCUSD   Bitcoin
Currently I am flat and waiting for a correction which might happen soon to go long again to target above 7500 up to 9000.

Trades will be posted below.
Komen:

Looking for a correction to 6800-6900 area to go long again.
Komen:
Just a warning, the current upmove is not bullish at all. If it changes direction I would start shorting again. But no confirmations yet.
Komen:
Komen:

Open 6900
SL 6750
TP 9000 But I can close anytime especially if price struggles at 7500.
Komen:
The upmove looks corrective for now, but there is at least one more leg up.
Komen:

Move SL to breakeven at 6900
Komen:

Move SL to 7000, watching this area up to 7600 carefully for any signs of reversing.
Komen:

Move SL to 7100

This is not the type of price action I am hoping if I was bullish. But there should be another upmove to around 7550 area, that might be the place I take profits and wait for a correction or signs of reversal.
Komen:

Area where I would be looking to take profits. If price keeps pushing up through 7800 I will probably look to short.
Komen:

Move SL to 7200
Komen:

As long as 7200 holds, I am revising my target to be higher to be above the 7700 up to 8000 area.
Dagangan ditutup: hentian tercapai:

Stop taken out, will watch first if this is only a correction or a reversal.

Penafian

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