Hi All!
Bitcoin's getting ready for 8k. (How tall is Mt. Everest?)
Entry: 7k
Target: 8k
Stop-Loss: 6.9k -> tight as always, so we can be wrong 5 times and right 1 time and still win $. This is subjective strategy, and readers can devise their own entries, targets and stop-losses from this analysis.
FA:
Price action:
Let us be right this time and make 5x more profit than we lost the last time.
Happy trading! ;)
Join new FREE trading signals channel:
t.me/goblintown
Bitcoin's getting ready for 8k. (How tall is Mt. Everest?)
Entry: 7k
Target: 8k
Stop-Loss: 6.9k -> tight as always, so we can be wrong 5 times and right 1 time and still win $. This is subjective strategy, and readers can devise their own entries, targets and stop-losses from this analysis.
FA:
- unprecedented influx of newcomers again, viz Google trends
- exchanges can't keep up with registrations
- taxi drivers, hairdressers, postmen and their dogs are literally fighting each other in the lines to get their hands on their bitcoin, spamming support: ,,When approve I sent all ID I want my Bitcoin, it will be $100k in a week, QUICK!"
Price action:
- We were bearish on our last analysis, calling Wyckoff Top. Yes, very sweet, keep reading...
- Unkown entity took over since $6k.
- Perhaps this unknown entity is CME as today they announced their humble goal to wanna control Bitcoin
- Since Segwit on Aug 1st, price $2k, rallies were led by Spoofy on Bitfinex who was pumping till $6k, flashing massive bids and crashing thin or fat asks, no questions asked.
- NOW, after $6k finex is lagging and it's GDAX + Stamp who are pushing this, with GDAX always leading $50+ during new highs
Let us be right this time and make 5x more profit than we lost the last time.
Happy trading! ;)
Join new FREE trading signals channel:
t.me/goblintown
Trade active
And 2 minutes after we post, the party starts!Trade closed: target reached
Target reached, Risk/reward 1:10.Now we can fail 9 more trades or we can nail them.
PM for join Goblin Town.
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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.