holeyprofit

BTC - Probably going to form a bullish butterfly now

Long
holeyprofit Mis à jour   
BITSTAMP:BTCUSD   Bitcoin
It looks like my previous analysis is going to be invalidated. The head and shoulders in the linked post will break and when we have a breaking of a head and shoulders we'll typically see a butterfly pattern. This would give a projection of a parabolic move up somewhere over 50. Pending orders to buy a dip, and if I see what I am looking for over the next couple days will update with new sell limits to short. I do think a parabolic move here would prove to be terminal, and BTC top no higher than 55K.
Commentaire:
Out long trailing stop 49,400.
Plan to enter into a drop lower.
Commentaire:
This trade is complete. I just noticed I called it a bullish butterfly, but it's a bearish butterfly. I took a bull trade assuming the pattern would form. Bullish versions are M and not W. Bearish trades filling.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.