Tendorian

April 16th Bitcoin Long to 9000

Lång
Tendorian Uppdaterad   
BITFINEX:BTCUSD   Bitcoin
I do not think Bitcoin has bottomed but current prices say up so I shall trade in the up direction. There are a lot of resistances from 8500 to 9000 so prices may slow down there. This correction seems to be ending soon.

Price 7980
SL 7700
Target 8500-9000
Kommentera:

Move SL to breakeven in case this one starts to turn down.
Kommentera:
Reverse and short if 7980 is touched, SL 8300
Kommentera:

Short initiated, possibly to 7500.
SL 8300
Kommentera:

Move SL to 8200
If this turns up we would go higher, down is more likely for now.
Kommentera:

A very uneventful day for bitcoin, this can break both ways now. The longer this go sideways, the more possible is the upmove.
Kommentera:
We are turning up towards 9000, correction is complete. Will not be able to update for today.

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