Bitcoin - Possible bounce @ 6000 psychological support
Atualizado
Looking at BTC's previous corrections from all time highs, it usually takes around 72 hours for the correction to end and a bounce / market switch to set in. In this case, 72 hours from now will be Monday morning in Shanghai. So let's see if time frames can be of any help in BTC. Will update on entry and stop if I do go in.
Nota
18h left til market switch
Nota
Double bottom at 6450, if it breaks we could be heading down to 6kNota
Nota
There it goes. Now waiting for 5900-6000 to buyNota
Patiently waiting on this, entry at 5930-6000 area, stop at 5832Nota
Nota
Edging closer and closerNota
bounce and retesting 6450'sshould be a bit of resistance here, and then down to our entry - we hope
Nota
If we head above 6550, we might have to re think getting in at 6k. We're still okay now, price is currently 6430Nota
there's the 6450 resistance after the restestNota
Price came a lot lower than expected, did not open the tradeNota
Nota
So, in conclusion, our time analysis was correct, the only problem was, the buy area was set too tight. With less leverage, a wider stop, and more patience when scaling into the position, this trade would have done well. Until next time
Nota
waited on the pullback after the bounce, got in a small position around 6040stop at 5982, if we break into the 5900's again i believe we're heading back to 5k. Im intending for 6k support to hold here
Nota
situation on BitMexNota
Hoping to hold 6k support here until Asia wakes up in ~4 hours
Nota
Stopped out minutes later. These guys are market dumping hard. Good luck out thereNota
At least the time analysis worked, even though I missed the dipsNota
wow, looser stop next time. Would have been an epic ride from 5800 to hereNota
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.