Bitcoin Analysis

[bigbax699]

Today i wanted to do a side by side of BTC and XRP. Both are against the USD, with XRP you can quite clearly see we dropped through trend. Price has tested the break and looks to be testing it again. Still in an indecisive pattern similar to BTC . Were getting higher lows but also lower highs. Something tells me were about to see a nice big movement on both. But ive been looking to sell one and buy the other. Whats your thoughts? they seem to be respecting techincals very well lately........

 

[bigbax699]

Just look at the squeeze on bitcoin . i love watching these type's of patterns play out. Im still holding a small position, still bullish for me. But could go either way. But which catalyst will it be to send it crashing or mooning? Let me know your opinion on where price will head next?

 

[bigbax699]

What a lovely few days we've had on bitcoin . As i said on the last update the patience has certainly paid off here. Currently sitting on 1000+ pips profit. More importantly new higher high has been made after the breakout. We should see a higher low made here before a nice push to the TP. If you stayed in for this long then you can hold for TP level. Ive marked out where i think we will see price settle before some more bullish movement. Seems to be wicking out already. Take profit if your happy to do so. GLIYF

 

[Colin Lewis]

Yes now ready for a drop?

 

[bigbax699]

Update on our Bitcoin trade today. We almost hit TP on our last push. i dont think it will be too long before we fulfill our desired TP projection. This little zone has been wicking out on the daily multiple times. Its only a matter of time now i believe. If you happy take profit here, ill be holding until TP is filled. ill update again over the weekend. GLIYF

 

[bigbax699]

Bitcoin has been good to us over the weekend. Looking back in on it today we can see we are getting a lovely push up on our position. Currently we are 1400+ pips in profit. From my last post i was looking for it to retest that zone before the next push and it went exactly as expected, that kind of trading is the easiest to catch for intraday, so if you stacked up on that move well done. TP not too far away now take it if you want it. GLIYF

 

[bigbax699]

Always nice to report when TP zone has been hit. Thats what today is. BTC had a lovely push yesterday and today it peaks into our TP zone. Hopefully you all caught the full move of 1800+ pips. Lovely return on that one. Onto the next setup looking at a couple of entry ideas. Back down to the support level and trend for another push. Or if were still v ery bullish a nice break above this resistance zone and retest for the buy there. Look out for either one, enjoy those profits. GLIYF

 

[Colin Lewis]

Been a lovely few pips on this. I'm still holding a third of my position for the bigger move

 

[sebking1986]

TP smashed out the park now!

 

[Ollly555]

Nice