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Bitcoin - Rocket Fuel $11,600

アップデート済

Trade Pair: BTC.USD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Long - No Current Trade Opportunity

BTC.USD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.

ノート

Watch price closely into $8,430 i see this as a level that could see some acceleration.
Please note there's still be no entry for me until we see a break & retest.

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Price breached $8,500
I will still be watching the daily ascending trendline prior to any confirmed run ( Daily TF )

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Additional bullish impulse is once again expected, price continues to coil without consolidation providing information $9,000 is likely to be tested into Monday

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BTC.USD - $11,600 Breakout or $5,500 Reversal?

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For me price continues to coil in addition to no significant structure resistance between 9k & 11.6k
Additional upside is expected of the coming days.

Currently there is no position to be taken given the run that's underway, i will wait for a significant pullback prior to executing a long opportunity.

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Bitcoin - Intraday B&R Presenting Short Opportunity

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A lot of sideways movement between 9k & 10k i will await a clear breakout or pullback prior to identifying a trade opportunity.

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A quick update for those who have asked.

Price is clearly is indecisive since the impulse on 24.04.2018
There is no clear trade opportunity until we see a break in either direction.

Sit tight and be patient.

ノート

I wanted to provide my very brief outlook in regards to the common term 'Bitcoin Whales'

There is no question there are big players in this section that have the means to move price, however i feel many traders who lose their money regardless of the investment like to blame someone else for their misfortune.

If you consistently become frustrated with losing and feel it is due to others having a control of your destiny then i would look at other financial investments that are less likely to be controlled by a handful of sources.

The other is risk management, don't be dragged into the market due to the infatuation of becoming the next rags to riches story, if you are so worried about a position then it's likely your risk exceeds your threshold of being comfortable.

Of course this is a deep subject and something i will address very soon however I hope the above helps a little.

Take care.

ノート

My up to date view and trading opportunity.