Get started

Search in ideas for "btc usd"

BTC/USDBTC/USD I have been waiting for a test of the 9200-9400 range on btc for a while now. We are still in a downtrend so a rejection of this level would indicate lower levels to be held. If the red box range is rejected I see the test of 5800 a possibility for btc. However, if btc holds above 9400 with at least 2 consecutive daily candles then I see a test of the much higher levels. It all depends on the rejection or gain of the 9200 level. This is a level to take large profits on longs and to hedge large postilions on shorts. This way you cant lose!
BITSTAMP:BTCUSDShort
by djhodnett
BTC/USDBTC/USD Short term analysis on the 4hr. The red ranges are where I had my shorts positioned, and the green areas are where I will take profits and hedge into some potential longs. If the first range of low 7000's doesn't hold, we can see BTC test the 6700-6500 range. I expect some big wicks when hitting these lows so keep your stops tight. Remember, you should not lose more than 1-2% of you capital when stopped out on a trade. Once your position is in profit, move your stop loss to entry level.
BITSTAMP:BTCUSDShort
by djhodnett