Bitcoin has looked strong intraday, moving towards and tested the 10.000 price a few times without success of breaking through. It has also respected the channel on my chart through out the day, but I think we are about the see a reversal for the day. Even though the price has moved on and given the impression of a strong mentality it really isn't and I expect it to break through the support of my channel and other trendlines which may trig a stop loss race down again. I still have my 2 lower target zones market with boxes in play
- Let the games begin
- Let the games begin
Comment:
I played out as I expected, it broke the channel then the trendline and moved down towards lower targets but then an ''event'' happened where someone bought up 5000 BTC in a very short time. It is something you can't do anything about and something that is happening from time to time.