RE: BTC update 23.09.17 by vimukthi

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bitcoin · @vimukthi · Sep 23 '17

It went slightly above $3811 and currently on a downtrend (hopefully). I'm betting short based on the H&S hoping to take profits near $3000 levels. Any advice on that? I'm specially interested in possible price levels. Thanks in advance!

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@ew-and-patterns · Sep 23 '17 (edited)

$1.13

If it is not going to go down several hundred $ tomorrow it will most likely breach the 4125 level on monday.
On my bitstamp chart the 3811 was not broken yet and everything is still in waiting mode for a decision of direction.
Momentum is a little bullish at the moment, but this could change in the next two hours.

👍 ew-and-patterns, vimukthi

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@vimukthi · Sep 23 '17

Thanks for your reply. I'll be staying in my short position. Any recommended closing positions? I'm thinking of near $3000 levels just to be safe and not too greedy.

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@ew-and-patterns · Sep 23 '17

$1.24

yes the 3000 level is not too greedy. Keep watching my updates and be careful if 4125 is breached

👍 ew-and-patterns, vimukthi

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1 reply

@ew-and-patterns · Sep 23 '17

$1.22

If BTC moves above 3811, 3930-4000  could be next, but this still would not be an uptrend and still fitting the bearish count

👍 ew-and-patterns, vimukthi

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1 reply