Hi there, BTCUSD is still strong, We have seen very nice strong impulsive move from $5700 are. It is forming flat channel watch bottom for buy. In case price breakdown and test the impulsive area we will look for buy at bottom again. We are still looking for 10K mark.
Trade with care and use only that much risk which you can afford to lose. Dont Trade with that money which you cant afford to lose. Every Single trade is not a winning trade so use risk according to that.
Komen
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Breakout is about to come keep eyes
Komen
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So this short term wave is completed. We are looking to hit the 10k mark in coming days and this is very easy for the bitcoin to reach over there. It is still very very strong. The strength we have seen on this correction is more strong then ever before so watch for the previous high to break up and continuation.10k Mark is just next door. Good luck and enjoy your trade fellows
We didnt even hit ma100 in daily chart, Im not sure about this...
Wave-Trader
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@emiescoszechuan, If you are not sure about this then better not to take trade ya. Only take trade then when you are sure about your analysis ok.i hope this will help
btald1331
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I'm not sure it's going to move that high. Right now it's testing the lower bolinger band along with the RSI showing oversold. I moved into a position and am taking home profits at $6600, which flirts with the upper bolinger band.
I still wonder about BTC posters. Why simple and pure trade setups like these are slept on by many authors?
I mean In main page BTCUSD ideas posted by " TOP " authors. Charts are running out of paper if you know what I mean, and description is full of blah blah blah...
oh boi
Wave-Trader
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@TheZabisyu, 110% agree. People keep posting their charts for the sake of being on top. So quality of work is not there. People spam with ideas so that they can stay on top. Thats it.
TheZabisyu
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@Wave-Trader, Oh yeah I get the catch here. You have to keep posting so you get those likes. Apparently doesn't matter what you post I guess as far as it attracts newbs as they go - damn this dude smart talk, boii he know's something.
Anyway, sad! TV should work on their algorithms!
All the best!
Wave-Trader
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@TheZabisyu, Yup. Thanks for your feedback mate appreciate that.