Bitcoin Reloading?

bax699

Active member
160 49
Today is NFP day. Looks like its highly likely it will be the catalyst for the next impulsive move on Bitcoin . Price is respecting this triangle we are in. Indecisive structure with higher lows but lower highs. Which way will it go? were still in longs on this but risk free so any way is fine. I know one thing though trade the winning direction breakout. GLIYF
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bax699

Active member
160 49
Today i wanted to do a side by side of BTC and XRP. Both are against the USD, with XRP you can quite clearly see we dropped through trend. Price has tested the break and looks to be testing it again. Still in an indecisive pattern similar to BTC . Were getting higher lows but also lower highs. Something tells me were about to see a nice big movement on both. But ive been looking to sell one and buy the other. Whats your thoughts? they seem to be respecting techincals very well lately........
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bax699

Active member
160 49
Just look at the squeeze on bitcoin . i love watching these type's of patterns play out. Im still holding a small position, still bullish for me. But could go either way. But which catalyst will it be to send it crashing or mooning? Let me know your opinion on where price will head next?
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bax699

Active member
160 49
Patience has been rewarded. Bitcoin has broken out of our wedge and is looking nice and bullish again. If you stayed in this trade with me then were in nice profits again. Shame its only half a position but profit is profit. The move looks impulsive so far so im going to try and hold for TP. Have a good weekend all GLIYF
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bax699

Active member
160 49
What a lovely few days we've had on bitcoin . As i said on the last update the patience has certainly paid off here. Currently sitting on 1000+ pips profit. More importantly new higher high has been made after the breakout. We should see a higher low made here before a nice push to the TP. If you stayed in for this long then you can hold for TP level. Ive marked out where i think we will see price settle before some more bullish movement. Seems to be wicking out already. Take profit if your happy to do so. GLIYF
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bax699

Active member
160 49
Update on our Bitcoin trade today. We almost hit TP on our last push. i dont think it will be too long before we fulfill our desired TP projection. This little zone has been wicking out on the daily multiple times. Its only a matter of time now i believe. If you happy take profit here, ill be holding until TP is filled. ill update again over the weekend. GLIYF
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bax699

Active member
160 49
Bitcoin has been good to us over the weekend. Looking back in on it today we can see we are getting a lovely push up on our position. Currently we are 1400+ pips in profit. From my last post i was looking for it to retest that zone before the next push and it went exactly as expected, that kind of trading is the easiest to catch for intraday, so if you stacked up on that move well done. TP not too far away now take it if you want it. GLIYF
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bax699

Active member
160 49
Always nice to report when TP zone has been hit. Thats what today is. BTC had a lovely push yesterday and today it peaks into our TP zone. Hopefully you all caught the full move of 1800+ pips. Lovely return on that one. Onto the next setup looking at a couple of entry ideas. Back down to the support level and trend for another push. Or if were still v ery bullish a nice break above this retest for the buy there. Look out for either one, enjoy those profits. GLIYF
 

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bax699

Active member
160 49
Well would you take a look at bitcoin . Beautiful bullish movement. If you stayed in our long position then you would of made some serious gains. I exited at our TP zone so im looking to re enter. My ideal scenario is for price to come back to test the top of that zone it broker through on the 0.382 fib level. Watch for support forming and get in. GLIYF
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