Hey tradomaniacas,
it`s been a long time since I`ve published an idea for the cryptomarket because it seemed like Bitcoin`s biggest hobby is to destroy every TA-Idea we have in short-term.
Now I`m getting concerned about the current situation that shows more and more weakness and could head to the long expected drop towards 3.000,-!
Bitcoin likes to ride the FAN-Resistance-Levels, fails at the 200 Moving Avera and is not able to reate new highs.
The magic 3 rule is one of my favourite strategies to trade Breakouts in the Forex / Stock-market.
Does that work with Bitcoin aswell? We will see.
Just wanted to share my worries / or good chances for a nice short momentum?
Stay cool, don`t panic and have a plan for all scenarios. ;-)
Cheers and good trades
Irasor