BTCUSD - Bitfinex: Where to next?
I am not a professional trader by any means. I am a complete novice and learning TA on my own.
The being said, I am not a financial advisor nor is this advice in any way, shape or form.
I charted this approx 12 hours ago (12pm AEST 11/11/17). My thoughts were with all the current FUD circulating and BTC needing a correction, it will be big.
So I charted 2 fibs, and shorted. I see the 6k mark as being a strong support but if broken 4.8k will be our next arrival.
Personally, I am shorting to 6k, buying, riding the bounce, then continue shorting if the chart deems it fit to do so.
I also charted BCHUSD but haven't traded it. I have noticed the opposite effect of BTC and BCH and with the FUD circulating, it will continue. I am now looking for a retracement to hedge against BTC since I just missed the massive 50% gain train. If it continues to rise, then RIP me no gains but no losses. Ill post my BCHUSD chart next.
The being said, I am not a financial advisor nor is this advice in any way, shape or form.
I charted this approx 12 hours ago (12pm AEST 11/11/17). My thoughts were with all the current FUD circulating and BTC needing a correction, it will be big.
So I charted 2 fibs, and shorted. I see the 6k mark as being a strong support but if broken 4.8k will be our next arrival.
Personally, I am shorting to 6k, buying, riding the bounce, then continue shorting if the chart deems it fit to do so.
I also charted BCHUSD but haven't traded it. I have noticed the opposite effect of BTC and BCH and with the FUD circulating, it will continue. I am now looking for a retracement to hedge against BTC since I just missed the massive 50% gain train. If it continues to rise, then RIP me no gains but no losses. Ill post my BCHUSD chart next.
Note
update: if this shoots straight through 6k, I'm holding the short.
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.
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.