Author Topic: Bitcoin Sell  (Read 1499 times)

Leebax

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Bitcoin Sell
« on: January 17, 2021, 11:13:59 AM »
Bitcoin failed to reach the recent ATH . So i took another sell here from this price zone. It similar to the last time bitcoin had its recent high, we had another push up but it didnít reach the high. Currently 4000 pips in profit, i have moved my SL to break even so i dont lose if we get a push, but ill leave it there to give it room to move around. This little support zone is vital to break to hold for TP and to secure some profits. did anyone else sell?



sebking1986

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Re: Bitcoin Sell
« Reply #1 on: January 17, 2021, 11:46:50 AM »
I didn't sell but I can see why you did. At least you got risk free, I was just concerned about trading against the prevailing trend

LuckyMac

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Re: Bitcoin Sell
« Reply #2 on: January 17, 2021, 11:59:43 AM »
I didn't sell but I can see why you did. At least you got risk free, I was just concerned about trading against the prevailing trend

Agree me too. So cautious about going against the trend but this is a great trade

PipMeHappy

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Re: Bitcoin Sell
« Reply #3 on: January 18, 2021, 07:19:51 PM »
Good analysis...

There is a symmetrical triangle formation
that is very obvious in the 4h chart. ...

We are getting near the 3/4 point between
the cradle and the apex of the triangle, which
is a significant point for a breakout (in either
direction): Price is coiling up ready for the
next move...


Sharkie

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Re: Bitcoin Sell
« Reply #4 on: January 19, 2021, 06:41:15 PM »
I wouldn't have thought you cud use charts for bitcoin. It keeps soaring up to new levels so past history means nothing.
Interesting fact: Sharks only attack humans if they are wet

Leebax

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Re: Bitcoin Sell
« Reply #5 on: January 19, 2021, 07:53:52 PM »
Looking back in on my Bitcoin sell again today. Im still happy to hold for now. Price is struggling to break higher. Weve got this little flag forming, and with the US president being sworn in tomorrow it could be a bumpy ride for USD. So its possible we may see some movement then. Trade the winning direction of the break, im hoping its in my desired sell direction. I am risk free on the trade so all good if not the case. GLIYF

Caesar

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Re: Bitcoin Sell
« Reply #6 on: January 19, 2021, 08:26:20 PM »
I am risk free on the trade
Thats the best place in the world to be, risk free.
Good luck with your trade, I'll keep an eye on this too.
Hail Caesar.
No, just a bit of rain

sebking1986

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Re: Bitcoin Sell
« Reply #7 on: January 20, 2021, 11:54:24 AM »
Beginning to change my bias here. It is definitely creating LH. Getting pinched though so could go either way. Happy to wait this one out and trade the break

PipMeHappy

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Re: Bitcoin Sell
« Reply #8 on: January 20, 2021, 12:50:33 PM »
Looking like an early break to the downside is taking shape


Caesar

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Re: Bitcoin Sell
« Reply #9 on: January 20, 2021, 01:16:02 PM »
If it ends today sub-$35k, that would be a key mark.
Hail Caesar.
No, just a bit of rain

PipMeHappy

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Re: Bitcoin Sell
« Reply #10 on: January 21, 2021, 08:49:43 AM »
If it ends today sub-$35k, that would be a key mark.

...And so it came to pass...

Leebax

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Re: Bitcoin Sell
« Reply #11 on: January 21, 2021, 12:48:37 PM »
Donít you just love it when your ideaís come to fruition. Its still not dead set yet, as we need this daily candle to close below the flag. But its looking promising so far. My next suspicion is the EMA underneath which could act as dynamic support. But for now iím 6700 pips in profit. Iíve locked in 3500 pips as shown so all is well. GLIYF

Magyar

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Re: Bitcoin Sell
« Reply #12 on: January 21, 2021, 01:34:08 PM »
for now iím 6700 pips in profit. Iíve locked in 3500 pips
That is living the dream really. Brilliant trade @Leebax
I am quite new to trading and a long way from this many pips but this is truly inspiring

eddieb

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Re: Bitcoin Sell
« Reply #13 on: January 21, 2021, 01:38:28 PM »
Very nice trade, keep up the good work  ;)
Disclaimer. Posts are just my thoughts,  not recommendations.  Do your own due diligence before trading

PipMeHappy

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Re: Bitcoin Sell
« Reply #14 on: January 21, 2021, 11:14:56 PM »
A textbook breakout...

What a whopper!!!