KVE

BTC/USD: Updated view on structure and harmonics

KVE Uppdaterad   
BITSTAMP:BTCUSD   Bitcoin
Support still holds, update on harmonics and options in this chart, long bias for now.
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Update: Up it is, looking at this I don't think the support will break...
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Close to the PRZ now... Possible alternative strategy (instead of 1 entry at 0.786) is phased 2-step entry at 0.786 and 0.886 (50% at each position).
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On the daily it is clear that the BB is also coming up around the PRZ:
Order avbruten:
It sold off before we made it to the PRZ. It would have otherwise been a good short trade but the market decided otherwise...
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If anything, a long from around 13.500 (stops below the low at Gartley C or if possible A) would seem like a decent trade to me.
If you believe in the longterm future of Bitcoin and you want to invest in it longterm then this might be a good level to do so.
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New idea:
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