Bitcoin (BTC) Will test support again and likely move upwards.

Wait for a perfect entry then long. Have a stop on this trade. Sorry I do not have time to write this one up, but it looks to be a good risk/reward trade. I take all good risk/reward trades that are supported by a Bitfinex buy wall.

The bounce will continue lower, but not below 6500.

Long:
Lowest price above 6494

Stop Loss:
6494

Thanks for viewing!

I have just finished a BTC short. You may view it in the related ideas.

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There is a very good possibility of BTC testing 6550 on Finex. That means it will go much lower on Bitmex, allowing a very good entry. If you do not have time to monitor, just have a buy at 6550.

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Make sure you take profit when Bitcoin approaches 6900. That will be the ultimate top for Bitcoin before we start to approach 3500 USD. Please view my other Bitcoin idea to know why.

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So far exactly like predicted.

Buy zone is incoming. Make sure the Finex wall holds first. I will be monitoring for hidden buy walls.

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I highly recommend tensorcharts in moments like this. It allows you to track for hidden buy walls and see periods of high selling/buying.

So far we have a buy wall 6550 that has been there for 2+ days. It has been tested once already so it is legit.

Сделка активна:

Long is active since 6554. Stop is 1% below, so we are risking 1% for 5%. It is a good trade to take.

We just need to get 20% of these trades correctly to be profitable.

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The buy wall absorbed 400+ BTC.

Сделка закрыта: достигнута стоп-лосс цена:

Stop reached for 1% loss.

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The sellers are starting to dry up. We may get a bounce soon.

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Too early to call the bottom, but we will probably consolidate here before making our next move.

I would like to believe it is up so I can hit the 6900 target.

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This is what I am imagining if we push up. You may try to short the resistance once a bull fractal with a high wick has been formed. Have a stop loss above.

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Look for the break out/break down.

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New chart updated. Please check it out! I appreciate it.