Possible 9k retracement target, taking into account the market's sentiment on 8k. 8K won't hit if everyone says 8k will hit, toss a higher number and we'll be able to see the picture clearly. This looks really like a first sell off, or even a bull trap run now.
Okay that aside, Bitcoin has been way too bullish for 2017, we've seen a tremendous amount of traction gained. Even though that is good, it has severely hindered the stable growth economically for the next few months to come due to parabolic market traction gain.
Blue lines indicate current mental support levels.
Okay that aside, Bitcoin has been way too bullish for 2017, we've seen a tremendous amount of traction gained. Even though that is good, it has severely hindered the stable growth economically for the next few months to come due to parabolic market traction gain.
Blue lines indicate current mental support levels.
Note
MACD will tell if theres a reversal. This will be invalidated if soTrade active
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Stops at 13700Trade closed manually
Buy the breakout, took a small profit of 50 bux =\
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Reshort if weakness is shown.Trade active
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Attempt activeAvg: 14700
Note
Note
Please trade responsibly and have stops before 15Trade closed: stop reached
InvalidatedNote
Bad trade, did not factor retracements.
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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.