Bitcoin (BTC) Short Trade #2: Profit 7.85% as shown in Real Time on Bitcoin.Live
5 years ago in #haejin by haejin (87)
$9.47
- Past Payouts $9.47, 0.00 TRX
- - Author $7.39, 0.00 TRX
- - Curators $2.08, 0.00 TRX
Yesterday failed to breach the $ 3543 resistance area for the sixth time in a row, as a result of weak buyers' resolve and therefore the coded currency fell to break the rising trend line
Cycles are down hard. This will likely mean sub $3ks are dead ahead.
bitcoin fell on Monday to continue losses for the second day in a row, due to weak levels of demand for investment on digital assets, in conjunction with the assessment of dealers to new developments in the market, especially those related to regulatory and regulatory aspects.
Our view of it is neutral due to non-trading in a specific direction where the break of the bullish trend line is not confirmed on the hourly interval.
The (ADX) indicator is currently neutral.
The 20 SMA is currently neutral as a result of overlapping with the movement of the coded currency.
Momentum Relative Strength 14 is trading in a bearish direction that is in weakness due to the failure of a break of 30 pips.
Outlook:
It is expected that, in the event of breakout, the $ 3543 zones may target areas of $ 3,615.
While, in the case of breaking the bitcoin areas $ 3466 the encoded currency may target $ 3083 target of the symmetrical triangle classic model.
Support: 3376 - 3252 - 3108
Resistance: 3543 - 3657 - 3807
bitcoin dropped 0.87% more over the past 24 hours to $ 3,466 its good news we need to this profit 7% its not bad haha
According to some forecasts, the reduction of the Betquin mass reward could begin in half in May 2020. This is expected to create noise and increase the value of possession of Betquin, leading to higher prices. Although half indicates a big promise to be the next major driver of the upside, the question in many minds will be, how much damage has been done?
a pretty basic question: how do you set up laddering? is it possible on e.g., binance?
Yes, you can pre enter any buy order above current price on any exchange.
Thanks! Do you combine that with some sort of an automatic sell oder as well?
I use trailing stops.
My trade #3 was 21.07% profitable.
Multiple buy orders spaced out strategically. Can be even % or pyramided % buys
I use internal support/resistance levels.
aha okay thanks!
Some excellent analysis ... I hope my premonitions will prove successful and the BTC will soon be overloaded and most of the cryptocurrencies will grow regularly. All good for you
That time will likely be in Nov/Dec of this year.
Thanks for sharing
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yes thats what we need to hear bitcoin will rise good job my friend great analysis thank you
good analysis video goodluck for all and have a nice profits