Disclaimer: I'm not in a trade or holding any BTC. Just been watching this trade build for the past few weeks. IMO, looking to fall. Momentum seems to have stalled. Time will tell.
Will be opening a long position at 0.014 with stop loss at 0.013. Looking for a short term corrective bounce to 0.0195.
I have closed my long position and entered a short position at the 274 level on OKCoin weekly futures.
This is a short trade based on trend and violation of trendlines.
Just an idea
With USD rallying hard with precious metals crashing, I'd like to call bottom here. Chart is fairly self explanatory. Time will tell.
Bull flag from the recent run up... Let's see... Long on the physical stuff, charting the forex.
Updated my chart so it looks pretty. Move playing out well.
Quick cover for a small move to the downside.
Tradingview is having a bug that does not allow anyone to select the huobi chart in the new chart section. Use this chart to get your chart up.
This current bubble has overextended itself to ridiculous levels. This thing will come down, hard. Look for double tops and bearish chart patterns coming in the next weeks, and months. Tread carefully. To further this situation, gold and silver are sitting like a coiled spring, ready to pounce on this move. Check out my other idea here.
I have been adding to my silver position for months and months along this most recent bottom. At this point, silver seems like it has been beaten down to it's absolute bottom. It is currently sitting along the .764 fib level, which also happens to be the bottom of the donchian channels. The RSI is as oversold as it was at the beginning of the '08 bubble. Bullish...