Bitcoin:BTCUSD Raise stops now
Bitcoin: BTCUSD Upload Limit keeps triggering so will try to
cover next few hours here, not minutes, which is not exactly
easy at best of times...
So far so good: support at 7346-7350 has held up well and
stops remain good, so far...It's likely to keep running into
profit takers in the zone from 7500 up to the highs at 7590 so
if you want to close out in this range it's not a bad idea,
looking to buy from lower down again or alternatively
increase once 7600 (TYPO IN TEXT ON CHART, not 7900 repeat not, breakout is 7600)
is broken on the upside (whenever that
comes). or use a stop under 7430 to trap in nearly 300 points
profit so far)
Near term support at 7430 for day-traders, a break below
here should see further declines to 7347 to begin with...so
suggest a stops as above looking to buy back at 7350 area if
tested...but with a stop under 7350 by at least 10 points,
because if this level is broken on downside the it will hit 7270
most likely, if not the next listed support at 7137 before
bouncing again.
Swing traders who didn't catch the break above 7137 last
night are advised to sit tight for now, awaiting a break above
7600 to go long with stop 60 points below to begin with.
cover next few hours here, not minutes, which is not exactly
easy at best of times...
So far so good: support at 7346-7350 has held up well and
stops remain good, so far...It's likely to keep running into
profit takers in the zone from 7500 up to the highs at 7590 so
if you want to close out in this range it's not a bad idea,
looking to buy from lower down again or alternatively
increase once 7600 (TYPO IN TEXT ON CHART, not 7900 repeat not, breakout is 7600)
is broken on the upside (whenever that
comes). or use a stop under 7430 to trap in nearly 300 points
profit so far)
Near term support at 7430 for day-traders, a break below
here should see further declines to 7347 to begin with...so
suggest a stops as above looking to buy back at 7350 area if
tested...but with a stop under 7350 by at least 10 points,
because if this level is broken on downside the it will hit 7270
most likely, if not the next listed support at 7137 before
bouncing again.
Swing traders who didn't catch the break above 7137 last
night are advised to sit tight for now, awaiting a break above
7600 to go long with stop 60 points below to begin with.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.