Bitcoin deciding zone update
Diupdate
Copy/paste from last idea:
Bitcoin is currently in a $100 support zone breaking north from here could easily see prices break the lower sell zone, while going south could see the price hitting a new monthly low.
I had set price alerts for $3796 and if we exceeded $3818 I would open an additional long.
Stop loss hit my $3657 long and under-estimated the $3800 resistance.
Opened long at $3818 and will consider opening an additional long at $3825 as its more likely we hit the higher sell-off point.
Bitcoin is currently in a $100 support zone breaking north from here could easily see prices break the lower sell zone, while going south could see the price hitting a new monthly low.
I had set price alerts for $3796 and if we exceeded $3818 I would open an additional long.
Stop loss hit my $3657 long and under-estimated the $3800 resistance.
Opened long at $3818 and will consider opening an additional long at $3825 as its more likely we hit the higher sell-off point.
Catatan
Smashed resistance, clearly a lot of pending orders being filled including mine which was a new long opened at $3825.As we get into the lower sell-off area I will maintain the positions with a tight stop-loss.
Catatan
Bitcoin still on track to hit the lower sell-off zone at $4088 - $4180 area.If a retrace goes below the previous support ($3800) I aim to short into $3620 area, however, no pending orders have been placed as I will be monitoring closely.
News:
> China may 'un-ban' ICO's after "election".
> Russia & S.Korea keen to take over China mining dominance.
Catatan
Just minutes after my last update we enter the lower sell-off zone as planned.New support level could be formed in this zone, next stop could be either $4335 or $3810.
Catatan
Fighting through the sell walls, if we break $4150 we could reach the upper target sooner than expected.However, still prepare for a refuel before that.
Price up almost 6% so far, just remember it is not unusual to see 10%+
Catatan
Finally got through the lower sell-off area.Opened another long at $4170
Catatan
Looks like we hit the zones as predicted. Possible retrace back to lower level in early hours.Will continue the idea on a fresh chart.
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