Bitcoin Market Update - April 13, 2018

jaywisefree (53)in #bitcoin • 6 years ago (edited)

https://www.tradingview.com/x/e2AmkKpR/

Bitcoin Market Update

We've broken out of my triangle, and closed the daily above the breakout, above the fibonacci, and above the median line of the pitchfork. This is the "Critical Juncture" I was speaking about. Now the charts look good. I AM anticipating a pull-back, perhaps even a significant one based on the recent market moves. Place yourself in the psychology of many who find themselves caught up in these movements. I'm talking those who don't really know what to do, who don't have good risk management, who have been being bled to death by this last quarter of bear country. They want to realize some profits. Now this might be more so with alts then with BTC, but it would be very unlike Bitcoin to move this far this fast and not have a nice correction for the shorts who got liquidated to not buy back in. The money I have on Bitmex/Kraken is still long, refer to previous chart on my positioning. Stop loss at the EMA9/Tenken, around $7,500-$7,550.

tldr: If you're not in yet, don't FOMO. If you must, small positions guys. A pullback is possible. I am still in my long position with an updated stop loss.

Binance Exchange -
One of the best exchanges to trade on! Amazing customer growth, security, and support!
https://www.binance.com/?ref=11137053

Coinbase -
Looking to purchase your first Bitcoins?
https://www.coinbase.com/join/58bf79b...

Join our trading community:
https://discord.gg/zJkxzrq

Follow me on Steemit:
https://steemit.com/@jaywisefree

Follow me on Twitter:
https://twitter.com/cracking_crypto

Come on over to https://www.crackingcryptocurrency.com and join the community of crypto enthusiasts, traders, and investors!

If you enjoy my content, please support me by upvoting my post, resteeming me, following me on Twitter (@JustinWiseFree), and leaving your thoughts and comments below. I'm always happy to answer questions and see what is on your mind.

Consider joining the Cracking Crypto Discord Channel, the trading group I provide content and signals for. We have a highly respected and experienced team of traders and investors, and an active community for crypto lovers and traders from all walks of life. https://discord.gg/Jj27gK2

I'm not a financial adviser. The information here is for education purposes. Trading and investing are wonderful things to do, and it's OK to take advice and to learn. I'm glad you're here right now reading this, educating yourself. Don't take my word as the gospel, and be careful. All investment's and trading opportunities carry risk, I'm sure you reading this have the potential in you to profit from a careful trading plan, and wise investment choices. Do it right, do your research, and don't trade stupid. Very best of luck to you!

#cryptocurrency #markets #new #trading