vietlongn
@t_vietlongn
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vietlongn
It's look like BTC is forming a rising wedge on 15m TF.If this chart play out well, we have good short oppotunity thereWe're very close there. Wait for the breakdown before entering the short position.Entering short position, targeting 64kThe market's reaction was not as strong as I expected. Moved stop-loss to break even to prevent losses.Trade closed, the price reached stop-loss at break even
vietlongn
Bitcoin is testing 19500 support for ther 4th time with a low volume during the weekend, which is a sign of weakness. If this level is broken then the target is previous low.It's also worth to mention that since the price broke down the upward channel, it's not tested the broken level yet - which is another sign of weakness.With the incoming news about Mt.Gox and The Merge I wouldn't surprise if the fear will continue. Stay safe, my friends.This is not a financial advice. DYOR before make a trade!
vietlongn
BTC retested local high which show lower volume, this may indicate that whales not interested to sell at current level.There is a chance that BTC will retest 23k and then 26k6.A drop bellow 20k3 would invalidate this, BTC may revisit 17k and stay there for awhile.This is not a financial advise!
vietlongn
ETH is consolidating and forming a potential Diamonds bottom pattern. Watch it closely.Entry only at breakoutDon'f forget to set stoplossHappy trading!!
vietlongn
Hello guys,Bitcoin broke it's trendline and trying to get back to the upper side, but there is some thing to notice about that.Current level is combination of many resistances: Top of BB channel MA100 Broken trendline Low volumeAll that infomation convinded me that Bitcoin is likely to drop to it's local demand zone (~10% drop from current level).I personally opened a short position and placed a stoploss at the high of yesterday. DYOR and happy trading.
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