Bitcoin Still at Bottom of Trend Oversold XBT BitMEX
Updated
As you can see on the chart Bitcoin has been on an uptrend the past 2 months or so including the rise to 8,000. I suspect that it will continue on its trajectory as I suspected after we saw a false breakout downwards. From there you could have made already at least 100-150 pips. But I see this wave going much further around the 7200-7300 range.
If you have never heard of BitMEX you are going to LOVE it:
bitmex.com/register/GprETf
Use my affiliate link for a 10% discount on all fees for the first 6 months of trading.
Thanks,
Chris
If you have never heard of BitMEX you are going to LOVE it:
bitmex.com/register/GprETf
Use my affiliate link for a 10% discount on all fees for the first 6 months of trading.
Thanks,
Chris
Note
Little bit of a change in the projection. TP @ 7000 16-18th
Enter Short 7000-7200
TP 6300 20th -22nd
Note
Looks like I was a little early for my 7000 prediction. I think we will see 7000 in the next couple of days. Volume is on point.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.