BTCUSD near term Support Zones: Bitcoin retrace watch 1

16 May 2019

Quick update of some nearby support zones, as follow up to my 8k call here.
I will post a higher tf plan later, but for now some re-entry points to watch.
I had posted these in live chat, have not had time to Publish as Idea.

Some authors ask you to follow them on other networks for updates.
Why? Because they want you to pay them for something over there.
TV's live chat are where many good traders share their real time charts.

For example, while BTC was flying, peaking, and pulling back, I was posting like this:
(each link is one post from chat's archive, please click in order)
tradingview.com/chat/m/d8ff18aa-125e-4e1f-903c-7bb26cbb78b8/
tradingview.com/chat/m/da7eea76-69f0-496e-bec7-b5dd72762906/
tradingview.com/chat/m/da1373bb-c9b4-4d46-a6f5-5353e21186d7/
tradingview.com/chat/m/99ec23e1-b0d6-4730-890b-9b74191d8daa/
tradingview.com/chat/m/fb117c5e-6bf7-40bb-bb2d-98621c533be4/
tradingview.com/chat/m/bd6ec612-fbe8-455b-b3af-27da555734d7/
tradingview.com/chat/m/c27ea2f5-eb97-4225-8c15-7cf79e9b381d/
tradingview.com/chat/m/662eaef0-6826-4914-8e13-41a261853bca/
tradingview.com/chat/m/2594b1e1-a881-49bd-9124-9accffbdaa60/
tradingview.com/chat/m/9951a103-ef2b-4134-91c5-5d0103c27713/

Other traders were also sharing in real time, with charts and reasons for their views.
You should hang out in TV chat rooms, not some noob-trap somewhere else!

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16 May 2019

Not

Oh, my bigger picture call is for 10k, per this live Idea

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17 May 2019

Not

Bitfinex FUD, making a mess of things. BTC spiked through the 685x zone but bounce impressively. Now testing the underside of an important Fib and zone. This is a VERY important moment here.

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17 May 2019

Not

So it is looking like we might hit the 58xx zone after all, perhaps something like this Historically, FUD that is released at tops (hmm...) comes in 3 rounds, or at least 2 events. So lets see if that repeats.

But either way I am not worried because I sue a "HODLer Strategy":
Sell pieces at key resistance as price goes up, and put that money into limit buys below.
Sooner or later the price drops through a bunch of my buys, putting be back into the coins I sold higher.

Thus, whether price is going up OR down, I am not loosing sleep, as I will be either gain int Fiat to buy more coins later, or gaining in Coins which is the ultimate goal for me anyway.

As this progresses, I will post as new idea with fine-tuned zones.

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