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Action over the weekend in the bitcoin price has been pretty interesting, and it looks as though the week volatility we saw throughout the majority of last weak has abated and we have finally got some decent movement. With this said, we are still trading within a tight range, and the only real strategy available to us today according to our predefined parameters is our breakout strategy. Now, as we head into a fresh week of trading, what are the levels we are keeping an eye on the bitcoin price, and how can we get in to either a long or short position on any volatility? Take a quick look the chart.
As the chart shows, we are currently trading just shy of 231.19 – and this level will serve as in term resistance as we head into the European morning session. To the downside, 229.27 will serve as in term support medium-term.
If we get a break above 231.19, it would put us long towards an initial upside target of 232.5 – a tight trade that leaves us not much room for a stop loss, so a stop somewhere around 230.40 is necessary to maintain a positive risk reward profile.
Looking the other way, if we get a run down towards 229.27, we will look for a break below in term support to put us short towards an initial downside target of 227.99. Again, not much room for a stop loss, but 230 flat should do the job. If we can break below 227.99, it could suggest further downside momentum, and we will look to enter a secondary short trade towards 225 flat, with a stop somewhere around 228.80 ensuring that we are taken out of the trade in the event of a bias reversal. That’s how we can get a bit more action this week than we did last.
Charts courtesy of Trading View
rich godman 
Sam Rae 
bartosz pozyczka 
Lakawak 
Broke past 230 so looks to be going down further.
Hey Rich,
You’re right – looks like we’re heading down further on today’s action also. Keep posted to find out how we’re playing these movements!
Well as for me I put in a short and made out pretty good seeing as it blew past 225.
I have gotten a card from xapo, took about 3weeks and I have had it for about 2months, however I talked to a guy from xapo over on bitcoin talk who placed me on early access list, from there it took 2weeks until it arrived.
I think his alias on btc talk was just “xapo” try to do as I did.
I highly doubt that as several bigger holders have been waiting for 2 plus years.
Omg, well you could look for this user atleast on btc talk and confirm.. He did the same for another member of btc talk and that’s documented,, believe it or not, I assure you I do have the card..
Ah yes if it’s posted on an internet blog/forum post without any way to verify the claim what so ever it must be 100% true!
Well whenever u get your card.. This is what it looks like… Shit why is it so hard to understand what I say?
Ha! Real Xapo cards actually say Xapo in top corner where your phake vc says debit card. I’ve tried in vain to post real pics of real xapo cards but but the admin keeps deleting them.
No they don’t.. Mine is as real as can be.. It does not say anything about xapo anywhere.. Shit read the reviews.. Those are designed promo pics and not how they look.. I dont know about the spelling on the site, Wtf I’m a user what do u think I should do about that?
No I don’t trust them and I held 100btc in their vault but it is now on trezor..
What’s you problem.. Can’t you bare that someone else but you actually got the card.. Man are you stubborn..
Tried to screenshot the app but it’s blocked for security in code in the app.. I dont know Why I bother convincing you though but it’s f***ing annoying to talk to someone so desperately needing to be right or thinks you are really the king of the hill and if you don’t have a card I sure as hell can not?
I tried to help you get your card You ungrateful **** you wouldn’t recognise a card if it was slapped in your face, it was, and you didn’t.
What’s in it for me to lie to some random dude on a forum? The ignorance is unbelievable with you.
I’m in sweden by the way, not everyone is in the USA. There’s a whole world outside your borders mate 😉
That said.. The card is not all that good, and the fees for paying gas at the pump were double what I paid for the gas, xapo had some ridiculous explanation and promised they would refund this.. To this day nothing though.
It’s a good backup in case of emergency though if you got coins you can have it in cash within the hour.
Have cash with in the hour…Sucks to be you! .I can have cash instantly no waiting using traditional fiat debit cards or just good ole excepted everywhere cash money without a bs Xapo card. Your Xapo gods are in serious legal trouble with Lemon now it seems aswell. LMFAO!!!!!!!!!!!!!. I knew you were in Sweden just by pulling meta data from your post, you suck at hiding yourself online. I bet you can’t even spoof your mac id lol!
Well congratulations you hot “finance anywhere anytime random dude complaining not getting your card and distrust ing me all the time guy”
However in Europe atleast (a pretty decent chunk of this earth)
Banks are closed holidays and with that moving money is only possible to move instantly within same bank, so let’s say I’m travelling my regular card breaks, get stuck in the atm, stolen with all my cash or whatever.. Xapo debitcard do have ONE advantage bitcoins can be moved anywhere anytime and since that’s the thing that makes or brakes the use of xapo debitcard and something I always do have some I can send them to my xapo wallet and cashing out, thus a backup card, I don’t understand what in this situation makes me someone else it sucks to be.
Why should I be hiding visiting on this site? No nothing about tmac, vip72, nothing about tor, darkmarkets and definitely nothing about FRA and Patriot act either.
No I do know a bit and I bet you actually thinks the govt is tracking me and you both everywhere we go (well oops we are swedes and Americans so I guess they do just that but pls o dear government forget my real errors and laws broken and let my current criminal investigations go and follow this lead on this forum with this mac-changer super villain dude instead.
Shit you are one ridiculous man aren’t you?
Once again I don’t trust xapo either and thinks of them not very highly what is it in that sentence you need clarified and stop arguing over how bad they are.. Don’t you see I do not argue against any of it.. Only you saying I did not own the xapo card
You seemed awful proud of that bs Xapo card in the beginning of all this.
No I don’t think big brother is tracking your average looney bitcoiner or crypto loon. Why bother? Your ridiculous.
Oh Shit you know nothing about the Patriot act nor the swedish FRA as that’s EXACTLY what they do GOD read any news the past years? I was not proud I was letting you Know how to get your broke sry ass a card.. But you answered with distrust and rudeness and so I offcourse rubbed the fact I got the card and u don’t in your naive distrusting uneducated and paranoid face.
Will u accept that you will only keep making a fool of yourself if you don’t stop talking about Shit your clueless about and I’m not..
Realize defeat and cut your losses mate 😉 pls your ships are all sunk and I rule this waters hahaha..
Put down the glass pipe!
Haha.. Don’t you appreciate humor? But really the disillusioned one is you, yes I jumped the gun on you reporting me, it was disqus that was responsible. But yes your comments here really prove that pety is just what you are.
And uneducated, FRA (swedish defense listening on EVERY citizen and watching ALL Internet traffic in the country) and the NSA/CIA or whatever, is using (until recently atleast) the Patriot act to do just the same to you and probably rest of the world too, so no I’m not ridiculous I’m realistic and aware a whereas you walk with that paperbag pulled over your head missing out on very important matters.
Still smoking eh…
Your accusations of me doing drugs and that it makes me an idiot is like the dumbest argument in several aspects.
it’s used to try to make me a unreliable source as a last resort as you have nothing smart to say and of that you are aware.
If your argument though would be a serious attempt you clearly no little to nothing about amphetamine and their relationship to HUGE geniuses like Einstein and Hitler(well his ideology stinks and so does his legacy) but his accomplishments is nonetheless not those of an idiot in any way else than that he was a monster fulfilling the works of an evil man, an evil genius though.
Albert Hoffman the father of LSD, Alexander Shulgin a pretty smart dude with the heart of a very morally good man and a consumer of a insane number of drugs.
So your comment is saying only how incompetent you are.
Pls Google,PRISM, Patriot ACT and FRA, read and hopefully understand what you’re reading and pls come back and tell me that I’m a addict with conspiracy theories and a liar,
if infact you can comprehend what the government’s use of these things is not what I just told you pls, enlighten me with your enormous wisdom Mr godman
I think I might pick my pipe up while I wait for you to come back to tell me what a confused man I am, alright?
Metaphor mush for brains! The fact you didn’t know put down the glass pipe and still smoking were shows your dufus.
Ok.. Clearly you do not speak your native language very good at all, you need to learn the fine art of putting different words together to form sentences, in these you should not be an idiot and be rude to ppl trying to give you guidance.
You are the one who got very fucking upset that I had a XAPO card, and I am quite sure now why you are without one, you are an annoying, wining broke selfish piece of shit and trust me it wreaks of you.
The most pathetic ppl are the ones who nows it all and when someone knows better they immediately try to win the situation with insults hiding behind the computer terrified not to be viewed as the hugely important person these stupid lowlifes think they have everyone fooled that they are.
What do you need a xapo card for? You spent your money on mining equipment already and you surely don’t need any security to keep that half of a bitcoin you hold on to,
So while I enjoy my pipe and my xapo card You can keep mining the leftovers, you are nothing and you’ve got nothing and trust me, the personality you’ve got deserves nothing and will get nothing
peace out little man ?
You use ppl instead of people and give me hard time about language?
Snälla rätta mig på mitt modersmål din dumma nolla, NO its not about your language it’s about the context big difference but I did expect you had some sort of intelligence and not only patterns you have learned by repetition, most human have that.
I also downvoted your sorry comments, mostly grammatically correct English, but we would hope that by living in a country and speaking their language for your entire life that shouldn’t be base for getting prais
Fuck you, I would take you down lyrically, whatever the topic as your reading and comprehending is like that of a parrot but mostly I wish I would have the chance buy you a coffee with my xapo card, offcourse I would have shown you also that you do t only fall behind in lyrics or mentally I would also show you superior physics eve though it’ll be so fast it wouldn’t teach you anything but what a great time for me.
You do not understand when you should stop though so I guess I will be forced to show by repetition I real life too..
You are such a great tool it’s incredible
Uneducated and arrogant, probably broke and cheap too and to use your sense of argument “you probably don’t know how to make a minimum 10000usd/month of invisible to the state money”
Moron!
So your a complete moron then? Thanks for clearing that up for me.
Yes sure.. Or is the Moron the idiot funding the world’s biggest and most intrusive war machine and don’t have a clue as to what he’s paying for?
You and your bogeymen….
And which bogeyman are those.. Pls? Tell me what you consider bogeymen? Are you not capable of anything but accusations and insults? I have asked questions which you answer by evading and telling me how delusional I am..
Pls the bogeymen? Either you are to dumb to even look up what I told you or you actually are to damn dumb to understand, so pls tell me?
Do you dare telling me what I ask you or will you keep your dumbass “let’s through some poo” tactic?
Your totally tuned into an exclusive frequency that only you can hear.
Wow you really does not have the ability to read nor answer a question regarding a matter of which you are the one telling me.. There’s no frequency differences it’s a case of one incredibly incompetent person not even able to decipher his own thoughts, are you not fully developed?
YOU Talked about my bogeymen I asked you to explain and you once again evade “exclusive frequency” are u serious the ignorance and stupidity is out of this world, please don’t have kids, I’m pretty sure your chromosome count is way off.
What’s the point? Your a delusional fool.
Yes you have had that answer a couple of times 😀 at this point in time there’s no point,you have shown what u can do(not much) I’m not delusional I have spoken nothing but facts and I know you know that too, it’s the ridiculous way you handle it which has me still here trying to get more embarrassing stupidity from you trying to look educated and important.. Go back to school you idiot, there’s nothing for you in this world unless you do that 😉
Yes you are, Rod Serling could have done an episode of the Twilight Zone about you if he was alive today.
Mercykill this lowlife..
Looking in the mirror again talking to yourself?
Put the pieces together dumbass, is it Photoshoped to fool you or how are you going to explain these images? Throw poo?
One of these things is not like the other….www.youtube.com/watch?v=FClGhto1vIg
You sorry self also up voted your own bs comment! WEAK SAUCE!
I didn’t report squat to disqus or anyone else. You might be that petty but I’m not.
Lots of people haven’t been refunded those looney fee’s by Xapo and they never will. The Xapo website is jumbled mess so what did you really expect? Have you tried getting through to customer service? A labor worthy of Hercules! If they can’t have even a basic clean polished website what would make anyone think they could handle personal finance for other people?
I have read the reviews, people can’t withdraw, shady faucet practices ect…
Several Xapo executives including founder and CEO Wences Casares are being sued for alleged contract violations.
The suit, filed in August 2014 by online identity firm LifeLock, alleges breach of contract and breach of fiduciary duty against Casares, president and general counsel Cindy McAdam, and founder and COO Federico Murrone.
Xapo employees Fabian Cuesta and Martin Apesteguia were also identified in the suit, according to a report by Fortune.
LifeLock purchased Lemon, a digital wallet platform, for $42.6m in December 2013. The defendants named in the suit were employees of Lemon at the time it was purchased.
According to the criminal complaint filed by LifeLock, the software underpinning Xapo, as well as related intellectual property, was “developed by Lemon’s employees, in Lemon’s facilities, on Lemon’s computers, and on Lemon’s dime.”
Lemon alleged that it later learned that Xapo’s employees included the aforementioned defendants following the publication of a New York Times article on 14 March last year.
“Defendants had not stated the true nature of their relationship with Xapo or the nature and extent of their roles within Xapo (including the extensive design, programming, and other development work that they and other Lemon employees performed), despite the fiduciary duties they owned to Lemon.”
Taken directly from the Xapo debit card site “One other important point: We have been advised that we cannot ship cards to the United States or India at this time. We were initially advised that these were approved markets. But after some initial invite emails were sent, we were notified that those markets had been reassessed, and that we cannot ship to them at this time. “. Gofigure… Knew you were full of it.
I know people close to the matter as well and understand the same – they are only insuring for about $15m themselves and claim this insurance covers all of cold storage. The reason there is a “Meridian Insurance” name attached to it is that that is the name of the insurance company they set up themselves and dumped $15m in, but there’s no coverage above that. This is MT. GOX 2.0
Also if Xapo is so legit why is the website full of blatant errors and why was the xapo domain registered in Argentina may 4 2001 well before btc came about? Scam advisor give it a zero% trust rating for obvious reasons. They flat out lie about the insurance they claim to have and won’t provide and proof of reserves either.
Well, you should spell check the Xapo website. Here’s a list of spelling or grammar problems I’ve found
This doesn’t end in a period and says ‘mayority’.
For your peace of mind, we highly recommend you to transfer the mayority of your bitcoins to your Vault
In this, ‘transaction’ should be plural.
You have not made any transaction to your vault yet.
This sentence uses the word ‘you’ twice when it should’ve used ‘your’, and ‘error’ should be plural to match ‘actions’.
The only thing you’re not insured against are you own actions or error, for example, if you don’t follow basic security precautions (like picking “internet” for your password) or if you give you password to someone else who then steals your coins.
And this one wouldn’t even pass a spell check.
The transfer is inmediate and we charge you an annual Custody Fee of the 0.12% of your Vault balance.
Of course, if they were writing a personal cooking blog, none of this would matter. But they’re asking people to trust them with their hard earned money. If there are that many careless mistakes visible to the user, how many careless mistakes have they made that we can’t see?
Gee..EVERYONE always does just the right thing..they just never tell us until AFTER the fact. (In other words..everyone knows you are lying just because you didn’t get enough attention growing up…or now for that matter.)
It’s a breeze. Btc is a failure as a currency and really flops for public use beccaue the general public aside form a few ultra geeks use it. You can reasonably bet on it to drop a bit several times a week so the odds of scoring on a short with btc are highly in my or any traders favor. Lakawak the well known troll, you must be bored to attempted your foolishness with me. You don’t have a man crush on Venzen anymore?
You think Ross getting life and Ver vs. okcoin feud has speculators you know speculating and thus pushing price down? Also Whats up with Xapo? Anybody ever get the cards they ordered yet? Been years now. I highly doubt that they really put out 2000 betas like they claim.
Almost 220 now. What’s your take on this sammie?