BTCUSD Short-term trading plan

23 mars 2018

Now BTC is moving inside a falling wedge and has found support around 0.5 fib retracement. And we can see some bullish divergence start showing up on RSI. I think we may see upward movements soon today or tomorrow, assuming no very bad news coming out. It is still possible that it may fall to 8200 and test it again today. Personally I would start buying around and below 8300. You can trade at your own risk.

23 mars 2018

Note

So it breaks out. Now I will consider buying when it retraces a little bit.

23 mars 2018

Note

To be safe, I would unload some before each resistance. And I would buy them back if the inverse head & shoulder pattern is formed.

24 mars 2018

Note

The bounces are very weak. Be careful if you have a long position.

24 mars 2018

Note

Rising wedge again. It might reach 9100 resistance before breaking down.

24 mars 2018

Note

So it falls from the rising wedge one hour after I gave the warning. My target is 7600-7800.


If it moves as I predict here, it basically means the long-term bear market has come. If so, you can just short this beast whenever it bounces up. You will make good money from it.

25 mars 2018

Note

If it doesn't break the previous low 8271, it will be bullish in short-term. If it does break it, then it will most likely re-test 8k.

26 mars 2018

Note

I think this time is different. The whales are leaving. The first target is 7k6-7k8. Sell right after the bounce if there is any. The next target could be 7k or below.

26 mars 2018

Note

Weak bounce + no divergence = will dip more.

26 mars 2018

Note

They will likely pump it to the neckline of the double top - around 8300 and then drop it. Don't chase the pump if you didn't buy before the pump.