BITCOIN - Living on the Edge

18 déc. 2019

BTCUSDT finds itself on the edge of a narrowing channel dating back to June 2019, and we say its almost time!

We say Accumulate, you may ask why?

- Going by the book, such patterns yield great returns. Looking at BTC's recent past, narrowing price action often leads to major upsides
- Downside volume is at a minimal - Good sign
- With a medium to long term view, $6300 - $6400 makes a great range, followed by $5800 - $5900. We recommend buying into the Market with a combined closing based stop-loss below $5600. Potential bounce can lead us towards $7800 and $8800 in a few days.

We'll be updating this idea frequently.

23 déc. 2019

Note

So far, so good. We look forward to the price action around 100SMA.

7 janv. 2020

Note

The narrowing channel is working wonders as seen in early Asian trading hours today.

If you missed out on the rally, target $7,640-$7,750 for entry, targetting $8,900 - $9,100 range, with a stop under $7,500

15 janv. 2020

Note

Post breakout Price action and volume looks positive. We do expect some resistance around $9,400 - $9,500.

29 janv. 2020

Trade fermée: cible de profit atteinte

TP 2 achieved!!