FUNTRADER-Vera
Short

1106 BTCUSD: 7K is still our target

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Check this first.
Now we make some adjustment on the channel that connect all highs together.
The blue zone is now pressuring price from rising .
Some warning signals here are saying a possible reflection point to go.
A type 3 candlestick pattern is now what we are waiting for.
The bottom 7K is still the short trade's target.

LESS IS MORE!
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Very detailed presentation Vera. 7000 (your target) is a strong support, in fact it is the 1D support. Even at those levels BTC will be a long term buy. In fact last week we made the first bearish 1W candle which if anything solidifies the long term uptrend. Too high too quick was never sustainable.

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@TradingShot, thanks for sharing .
+1 Reply

I think it will
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LTC vs BTC
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Many thanks Vera for the update status..pls continue to do the great work.. really apprceiate !
cheers
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FUNTRADER-Vera Cryptobetandwin
@Cryptobetandwin, Cheers!
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