BTCUSD Potential buy zones if correction occurs

28 нояб. 2017 г.

Hello TV, this is my first published idea so bear with me.

The blue lines are supports that I'm monitoring on a 15 minute chart, if BTC breaks through to 10k-11k I suspect a sell off will happen due to it being such a high psychological level. This may trigger a larger sell off depending on the volume and speed of the sell off.

The yellow lines indicate areas of support (and previous resistance) in which I will stagger my BTC buy orders. The bottom green line is where I believe there is heavy support and represents about a 40% pullback from a ~10k level. If that green support breaks a serious reevaluation might be needed however, bringing 5k and 3k back into the picture.

Let me know what you think. I have been in this space for only about 4 months so constructive criticism is welcomed.

2 дек. 2017 г.

Заметка

Sell off did occur, however stopped about $500 short of my upper estimates. Potential double top forming which could trigger a retest of the 9k level before another run up to the CME futures release date.