eight.zero.three avatar

[Apr 19, 2019] Position - BTC/USD

eight.zero.three

Published: 19 Apr 2019 › Updated: 19 Apr 2019[Apr 19, 2019] Position - BTC/USD

[Apr 19, 2019] Position - BTC/USD

This post is to highlight a BTC/USD trade in progress. Price action obtained via GoMarkets.

Position

ItemDescription
PositionShort @ 4063, 5153 (GoMarkets)
StatusFilled
TimelineT2
Confidence of the trade55%
Initial Target45xx, 40xx (rising 16MA

T1 - 0 - 2 Weeks | T2 - 2 weeks - 6 months | T3 - 6 months to 3 years

Technical Analysis


Price Obtained by GoMarkets

Sideway actions is not favorable to bears, multiple tests of 220MA and fast approaching 16MA might turn the resistance brittle soon giving way to more upside. While I don't think this wave from 4000 will go straight to 6000 (in a bull case scenario) without a significant retracement to provide some spring to bounce, it's still a possible scenario.

Some hedge positions are being considered to avoid some mid term bull attacks.

Disclaimer

While we believe in collaboration and working towards a common goal as good thing, it has in the past affected the way we trade so to keep this as consistent and drama free, we will not be replying to comments most of the time to keep this approach as streamlined as possible. You'll certainly see us making comments and upvoting other amazing posts though!

Financial Advice.png

Leave [Apr 19, 2019] Position - BTC/USD to:

Written by

A blog for those interested in following our trades and market predictions!

Read more #eightzerothree posts

Best Posts From eight.zero.three

We have not curated any of eight.zero.three's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.

More Posts From eight.zero.three