BTCUSD index: Buy dips, sell partially on rallies, rinse/repeat

5 พ.ย. 2016

The BTCUSD index chart here depicts an interesting price pattern, a cup and handle in the making.
This pattern usually is powerful, specially when the signal coincides with a 'Time at mode' trend signal and is coherent with all the technical and fundamental observations we can make here.
I don't personally use it for trading decisions, but it's certainly visible, specially if you look at the highest daily lows, and lowest daily highs on chart (refer to my educational piece for info on how to use that information).
The weekly time at mode setup is shown in the related idea below, as well as my trade calls posted here lately.

Cheers,

Ivan Labrie.

9 พ.ย. 2016

บันทึก

Holding.

9 พ.ย. 2016

บันทึก

We can buy more on dips if it drops next, probably good to take some profit on margin longs if you have them. Up 27 usd since posting.

15 พ.ย. 2016

บันทึก

On track.

17 พ.ย. 2016

บันทึก

Here we go!

18 พ.ย. 2016

บันทึก

Since we're holding above resistance, we have good odds to see the breakout after this pause. Hold longs.