Bitcoin 2018 Warning
Updated
Following a bullish 2017, we have a POTENTIAL correction setting up in 2018.
Whilst Bitcoin long-term is bullish we need to be aware that a breaking of the Head & shoulders Neckline may precipitate a severe sell-off.
To play this we look at both sides of the coin:
LONGS: Needs to convincingly stay above the Resistance Levels
SHORTS: Breaks the neckline of the Head & Shoulders and stays under
Whilst Bitcoin long-term is bullish we need to be aware that a breaking of the Head & shoulders Neckline may precipitate a severe sell-off.
To play this we look at both sides of the coin:
LONGS: Needs to convincingly stay above the Resistance Levels
SHORTS: Breaks the neckline of the Head & Shoulders and stays under
Note
Be aware of South Koreas stance on Bitcoin: scmp.com/week-asia/business/article/2126189/why-south-korea-suddenly-terrified-bitcoin
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