Neutral between 10500 and 15000. Bullish above 15000 with a target at 19500 (Possible short at 19500 in this scenario) Bearish below 10500 with a target at 7000 (Possible long at 7000 in this scenario)
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Little update. The levels are still active. Below 10500 we expect a lower at 7000.
what is your idea about breaking also 7000 with last bad news about china ?
to arrive 3000?
Traderscope
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@amassi, Really don't know. We just analyze the chart but I think bitcoin is overrated so it won't be a surprise if 3K is reached.
amassi
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which are the markets that your company analyze?no crypto markets?
Traderscope
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@amassi, We do not trade crypto. Huge spread, unstable, high volatility. Too dangerous for our clients.
amassi
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but i think it needs more time to arrive buy zone..something like 1 month and some days.
what is your idea?
Traderscope
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@amassi, No it could be very quick due to the high volatility we notice on Bitcoin for weeks. The pair take +4000 then lose 4000 in 1 week. Personally I analyse crypto for fun but I don’t like trading it.
I am pretty happy to see that the supports and resistances worked. I advice waiting for 7000-7500 area to initiate a long trade.
amassi
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@SuperSignalFX, thank you very much.i didnot trade it too...but is is so intresting ..like joke...it is not so similare to stock.
what is your idea?
Traderscope
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@amassi, My idea is that too many people see crypto like the new eldorado. It was 4-5 years ago but it is not anymore. I think the concept and the technology behind it are genius but +1400 crypto already exist, it is insane. How many of them are used or will be used in real life ?
My point is that it is too late to become millionaire with crypto. If you lose money in forex you will lose it too in trading crypto.
Do your thing pips by pips and respecting your plan and you will make money.
to arrive 3000?