Right now Bitcoin currently being manipulated by Cboe market contract's closing date which I believe will be on Feb23. After sharp recent decline in price we are still over the bull trend line support(this is great news). Support on 10700 is very strong.Already making a statement.Various Indicators also looking good. As long as we are over 10200 range first target should be between 13500-14000 range within 10 days . Anything under $9700 is a sign of bears entering back into market.This could still be short lived but better to be safe then sorry. If you are not bear just don't help them by selling at the bottom. Bitcoin just received a great news on upgrade on Segregated Witness. This means lower and faster transaction fees :)Fasten your seat belt and enjoy the ride.
You cant outrun a bear but you can outsmart them :)
Good luck on your trades.
Ps. might also be good time to enter small positions on alt coins.
You cant outrun a bear but you can outsmart them :)
Good luck on your trades.
Ps. might also be good time to enter small positions on alt coins.
Trade closed: stop reached
Looks like people are selling because others are selling. No need stay any longer in this trade.I will re open positions once btc calms. Most likely could happen any time until jan 23. My entry point was just over 10000 so good time to call of quits for me.Trade active
My whole position on btc's sold at $10550(took some risk by doing that) and partially bought back at second double bottom for $10250 .Opened multiple positions on xmr,ltc,bch,ether and ripple. So far things looking good. Btc did not go under $10200 as predicted so target is still achievable . Hopefully dark forces will stop manipulating the market and let us make some money too. They may still try tomorrow for second wave of selling but again nothing to be worried about as long as we are over $9700.Trade active
As predicted these people wont leave us alone till tomorrow. For 15 min chart Rsi was almost overbought level(70) for hours then all of a sudden rsi goes oversold(25) from overbought. I don't know about you but this smells bad. Tomorrow before contract expiry date or just after we will see sudden price spike up as none of this ever happened. Shame that we have to go through this every time, coincidentally before the contract expiry dates(hint,hint). My suggestion do not sell you alt coins for cheap. This greedy whales counting on it.
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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.