altcoinbonanza

altcoinbonanza

OK. Resistance has been breached and we have established some reference points here. Got in at $284.97, set my stops and alarms. I'm ready to ride this trend up. $295 possible stop. I'm out. My stop was at $280. Took small loss. nothing to cry over.

altcoinbonanza

I'm looking at this 14 month trend line and trying to understand if we are in a critical, possible downside here. I really thought we were passed this trend line but once I revisited (thanks to MoonTrader) this resistance line I saw that we were still in a bearish channel. Kudos to MoonTrader and his charting.

altcoinbonanza

OK. we have had a 6% re-tracement from earlier high of $294. We are about to test this support here at $275.00. Will have to keep close eye here because if we get a bounce off $275 maybe a good point of entry. If the resistance line right below the green thumbs up is crossed then this may also be a good entry point as well. Very evident here that we are seeing...

altcoinbonanza

OK. This play turned out really nice compared to my most recent one. I actually set stops along both ends and my alarms gave me my signals that helped me with getting out at a fantastic point. Cannot stress on stops and alarms and PATIENCE! When I woke up at 3 am I was able to close my short with a nice little gain.

altcoinbonanza

Came home from work and when I woke up my stop kicked in. I cannot encourage anyone with any better advice here with trading other than setting stop losses or you'll loose lots more. I got mad at myself because while I did set a stop on the way down I did not set a stop on the way up. Not a good move. But this is how we learn.

altcoinbonanza

Looking for a few points here and cashing out. I'm afraid the bulls may gore me if i get in the way. Not gonna get gored here so watch exits, set alarms and stops. Be smart. Well looks like the Bulls caught up with me on this one and I got run over because I did not set a stop at top. I did set a stop in case we ran down but oh well. This is how you learn. I...

altcoinbonanza

Riding this Bull has been awesome! Took my nice profit here and will get on again, soon. Now down to $272. Glad i took my profit.

altcoinbonanza

We've had some fantastic news on the Bitcoin Investment Trust coming out with a similar ETF plan as the Winklevi with a future Nasdaq listed COIN ETF. BIT will be working through a loophole that allows them to be listed on the OTCXQ markets. This is coming at the right time as we were all wondering when BItcoin would do a breakout of this key resistant trendline....

altcoinbonanza

News just came out on the Bitcoin Investment Trust (BIT) possibly beating the Winklevi on their attempts to come out with first ETF on Nasdaq. Opened a long position here at $262.69 pm central standard time. Don't know how long rally will hold but this is awesome news here. Also, Bitcoin violated this resistance trend line that it could not break for over a...

altcoinbonanza

Here is where this may go. Any comments please share.

altcoinbonanza

OK. Made a nice small gain on a short position and then right after I sold there was a spike in price. So got out in time.

altcoinbonanza

Decided to get back into a short position at $248.94 around 8:25 am central standard time. I saw that it had established three different points on the support line on this channel so I'm in again. If there is a break on this channel support line then I am going to ride this lower. For now though I am looking to get out around the $246 price.

altcoinbonanza

Ok literally within just seconds/minutes I opened and closed a short with a nice little gain. I saw the indications of a strong sell so I jumped in as the support line was compromised here. I went in at 6:08 am and closed out once I saw a dead cat bounce at 6:20 am. Nice. LOL, i guess I can say this is where the breakout just happened.

altcoinbonanza

Just saw some indicators that I am in on a short with.

altcoinbonanza

Where will the breakout be? This is going to be an interesting point here. Crucial maybe in determining the next couple of days, weeks. Not sure. I am still not optimistic on the upside with news factor on horizon. Just not enough bang yet. This last move was a close one in the breakout that many Bulls wanted but just not there.

altcoinbonanza

With this sideways trading and just not as fluid a movement as I would have liked I had to close my position at a loss once we crossed over my resistance line as seen here. I tried to hold out as many do but I was forced to cut my losses and move on.

altcoinbonanza

Got back in at 11:25pm central time with a short at $253.32. Looking at this trend line price consistency and thinking we will continue downward for a little here. Sellers are starting to come in so I am placing my position and will watch closely. Still have not closed my short here. I believe will test next support around $251/$250. Well I closed my short for...

altcoinbonanza

This was a call I made based on Bitcoin's high and just shy of reaching this resistance line that seems to be an impenetrable point but we know it will just be a matter of time. But for now this short inside this Triangle was a great play for me. Entered a short at $256.85 and closed at $252.23. Notice how Bitcoin followed the trendline here and broke the...