Bitcoin: BTCUST Good retest of old support - Next trade set-up
Bitcoin: BTCUSD
See how the successful retest of the bigger controlling (until
midnight est) parallel took 2 hours to occur at the 6150 level?
This retest of the old dynamic support we were looking for
around 6515-6500 range has taken an hour to play out as price
danced either side of the line but with a low at 6503. It's
always a tense period watching, waiting, trying not to get
faked into the wrong trade by getting too twitchy. The worst
part of any trade, but needs must. It means any stops for
longs can be placed at about6490 and just under for small loss
if it fails from here. But it shouldn't do now. Stay long until
the 6930 is tested and close out. Then look to short from 6940
with stop 50 points above.
Be Lucky and if you can't, use stops.
See how the successful retest of the bigger controlling (until
midnight est) parallel took 2 hours to occur at the 6150 level?
This retest of the old dynamic support we were looking for
around 6515-6500 range has taken an hour to play out as price
danced either side of the line but with a low at 6503. It's
always a tense period watching, waiting, trying not to get
faked into the wrong trade by getting too twitchy. The worst
part of any trade, but needs must. It means any stops for
longs can be placed at about6490 and just under for small loss
if it fails from here. But it shouldn't do now. Stay long until
the 6930 is tested and close out. Then look to short from 6940
with stop 50 points above.
Be Lucky and if you can't, use stops.