Bitcoin is the flavor today, and were clearly in a bull market. We had a few good trades from the last pop up in price so im looking for the best place to get in before the next push north. i like how this time the bull run is going up in steps like it should. Finding its support levels each stage it grows. My ideal entry would be back down at 10.4K. Its possible we could stay in this little range here before another push, but patience usually pays so lets hope we see a little more downside for us to buy cheaper. GLIYF
Last time i looked at Bitcoin we got our big breakout to make a new high then i was hoping for a deeper retracement before the next bull move higher. Thats exactly what we have here, price came right down to my circle and held just below around the 50% fib zone.
Looks like its using the previous high’s resistance as a support level now. We have had multiple daily wicks wicked out from the bottom so looks to me support is forming at this price level. ill be buying again on another daily wick out. Watch for bullish candles on 1/4H and thats your signal, nice 1:3 R:R on offer. GLIYF
Looking back at bitcoin today and still in the long trade i placed. We can see price has held above 10K quite well. multiple wicks out from the support zone and now holding the 50% fib level . in profit on open position so will be holding and making risk free on further upwards movement. if the bull is true then we will hit TP with no problems. GLIYF
Update on Bitcoin today currently 600 pips in profit.
If you followed this one then make sre you move SL to entry or into profits to lock some in. There is some USD FOMC news out later today which could cause some reaction. So best to lock some profits in now whilst we can. It could go either way, hopefully continue in our direction towards TP. GLIYF
Checking back in on our trade of a buy on Bitcoin . We have had over 1000 pips in price movement in our favour. Its currently taking a rest stop at the .382 fib level. We can see its just rejected off my 17EMA. Two scenarios can come from here it actually uses this support to push up further, or its made a lower high from the previous bearish movement. Make sure you lock in some profits on this on and let it ride out. GLIYF
We have had a drop in price on bitcoin , but i only think its half lived. Im still holing my long positions. Looks to me we could see a stall in price movement here right on trend. The next couple of days will be the deciding factor for me. If trend holds and we push up to make a new higher high were golden. If it breaks trend then the lower high is real and we could see some more bearish action. Keep holding if your in, you should be risk free from the previous push anyway. GLIYF
Im still holding my longs on BTC . Trend still looks to be holding and the bearish impulsive candles are looking weaker. the support zone around 10165 seems to be a nice strong level. If we get a nice bullish engulfing candle then were on for some pips. I will close the trade if break this trend and if price looks to break below. GLIYF
Update today on our Bitcoin trade. Thursday gave us a nice bullish engulfing candle, past few days have seen a bit of consolidation. But looks like USD is losing a bit of strength so we could see another push up soon. We are back into profits again but we need to see price push higher then the last high, looks to me like it will do over the next day or so. Lock in profits, close half your position if you wish. GLIYF
Were still in nice profits on Bitcoin . As you can see from most of the crypto markets it has hardly moved over the past 4/5 days. It looks like its waiting for something to kick it into life. Tomorrow might be that day with NFP on the USD. IF you are in this trade with us i would advise to take profits or close half your position and move sl to break even. As with NFP it can go either way. GLIYF
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Great post thanks mate
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btc dump… 
i hope we see a recovery today or over the weekend
Today is NFP day. Looks like its highly likely it will be the catalyst for the next impulsive move on Bitcoin . Price is respecting this triangle we are in. Indecisive structure with higher lows but lower highs. Which way will it go? were still in longs on this but risk free so any way is fine. I know one thing though trade the winning direction breakout. GLIYF
Today i wanted to do a side by side of BTC and XRP. Both are against the USD, with XRP you can quite clearly see we dropped through trend. Price has tested the break and looks to be testing it again. Still in an indecisive pattern similar to BTC . Were getting higher lows but also lower highs. Something tells me were about to see a nice big movement on both. But ive been looking to sell one and buy the other. Whats your thoughts? they seem to be respecting techincals very well lately…
Just look at the squeeze on bitcoin . i love watching these type’s of patterns play out. Im still holding a small position, still bullish for me. But could go either way. But which catalyst will it be to send it crashing or mooning? Let me know your opinion on where price will head next?
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What a lovely few days we’ve had on bitcoin . As i said on the last update the patience has certainly paid off here. Currently sitting on 1000+ pips profit. More importantly new higher high has been made after the breakout. We should see a higher low made here before a nice push to the TP. If you stayed in for this long then you can hold for TP level. Ive marked out where i think we will see price settle before some more bullish movement. Seems to be wicking out already. Take profit if your happy to do so. GLIYF
Update on our Bitcoin trade today. We almost hit TP on our last push. i dont think it will be too long before we fulfill our desired TP projection. This little zone has been wicking out on the daily multiple times. Its only a matter of time now i believe. If you happy take profit here, ill be holding until TP is filled. ill update again over the weekend. GLIYF
Bitcoin has been good to us over the weekend. Looking back in on it today we can see we are getting a lovely push up on our position. Currently we are 1400+ pips in profit. From my last post i was looking for it to retest that zone before the next push and it went exactly as expected, that kind of trading is the easiest to catch for intraday, so if you stacked up on that move well done. TP not too far away now take it if you want it. GLIYF
Always nice to report when TP zone has been hit. Thats what today is. BTC had a lovely push yesterday and today it peaks into our TP zone. Hopefully you all caught the full move of 1800+ pips. Lovely return on that one. Onto the next setup looking at a couple of entry ideas. Back down to the support level and trend for another push. Or if were still v ery bullish a nice break above this resistance zone and retest for the buy there. Look out for either one, enjoy those profits. GLIYF
Were having such a great run recently. Hope it continues up i have a good bit invested in it
Well would you take a look at bitcoin . Beautiful bullish movement. If you stayed in our long position then you would of made some serious gains. I exited at our TP zone so im looking to re enter. My ideal scenario is for price to come back to test the top of that zone it broker through on the 0.382 fib level. Watch for support forming and get in. GLIYF
