BTC Bouncing off 12/24 Hour EMAs

24 May 2018

From an observation by @TheChartGuys. Thanks Dan!!

Low risk with a tight stop loss. Next two supports appear to be 7200 and 6900, which should be used as take profit points -- or a little higher just to be certain.

24 May 2018

Not

I looked at the long side of this but it is not very compelling at this time. Resistances are too close and too numerous for my liking.

24 May 2018

İşlem aktif

24 May 2018

Not

Is it just me? Or should the trade/position tools on TV show the entry/stop/profit on hover? Parameters for the short trade box are:
Entry: 7525
Stop: 7650
Profit: 6950

24 May 2018

Not

Ahhh, damn. I see the parameters in the scale/sidebar now. That sidebar gets way too crowded at times (like on my base chart).

24 May 2018

Not

Quite a fight this time. We'll see if it holds. Stop loss is in place =)

15 min chart with 12/24 hour EMAs.

24 May 2018

Not

Crossing 7600 just caused some manipulator bear wraith. ~125 BTC sell wall appearing intermittently on Bitfinex.

24 May 2018

Not

Even more than that.

i.imgur.com/KBZVQru.png

25 May 2018

İşlem kapandı: durdurma seviyesi

Just barely stopped out. My trade is actually still active because I moved my stops to 7720 when the whale(s) appeared and pushed the price below 7600. I figured that he/she/they would play in my favor at least temporarily -- so risking a little more capital was warranted. Sorry that I did not post that. I was fascinated with and distracted by the "manipulator bear whale" activity.

The 12/24 hour EMAs were violated for a few hours but the price has been pushed back down under them for now. Perhaps, I was a little late to the pattern but I will keep on the lookout for this type of activity in the future.