LONG Bitcoin Back in buy zone with stop Long
Can buy this when it breaks out of the upper parallel
....14594 is holding...can buy off here with stop below by 20
points for small loss if wrong or when it breaks the upper
parallel ...try on 5 minut chart..will not upload less than 15
minute chart
Can either take profits or run a speed line under the run from th elast low....close out if this line is broken...not a spike ..broken
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That scalped between 500 and 300 points in 5 minutes flat.
We can use them as stops for next trades...look to buy on
next touch of the lower speed line off the recent low on chart
at around 15000 with stops 20 points lower for small loss if
wrong. this may take 2 or 3 attempts so we can only use tight
stops which may get hit..neeeds to get above 15173 and hold
up there to stay good... so can wait for a break above here
too if preferred
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So 20 points blown there if you went long from around 15000
and zero lost if you waited for 15170 to hold up first, which
never happened. So we try again...ideal will be flush down to
14240 to 14107 range, hitting the lower parallel of this run as
it does so...that creates a speccy buy here with stops under
14100 ...alternatively we can wait for the upper parallel to be
broken on the upside to get long again or add there if already
long.
Yeah I think $14000 scale back was expected, good time to buy now. BTC will rise again to $21500 before it dips back to $17500 and slowly climb up again to $19000 towards the end of the year.
These milestone price points will bring out lot of holders in selling their BTCs and we will see lot of sell orders hitting exchanges. Just a minor correction before it moves up again.
However, I do think the next milestone at $20000 milestone ($22000 point for correction) will be harder and we could see the price dip down to $17000.