chrisdunntv
Long

Targets for current bull run in Bitcoin

BITSTAMP:BTCUSD   Bitcoin / Dollar
Technical reasons to buy:
higher low, trendline support,
50% fibonacci retracement ,
prior resistance turned support

Fundamental reasons to buy:
US bitcoin auction showed massive
demand for bitcoin , thus giving confidence
in exchange prices.
any update on Bitcoin from your end Chris? were touching down again the support at 560+-. You think we might bounce up or continue our way down?
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I like the targets. 4000-6000 . so glad there is traders like you so I can dump on too at tops
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I don't see how you would profit from me not selling at midterm tops but hey there is place for different types of traders and strategies in trading and thats cool :)
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Very good,to explain technical and fundamental reasons to go Long ! Congrats!
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774 my target aswell. not going to sell though. waiting for 4000-6000
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Pinkfloyd111. MagnusTradingGroup
Yeah, it's becoming to risky to sell. I am only adding for long term as long we are below 1k.
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If this is classic bat pattern
The D point cannot exceed the X point
0.886 fib
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Thanks Chris. What price did you go in at, the current one 551 or did you get in at the retrace 536?
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chrisdunntv HarounKola
I picked up some more around the $560's
+1 Reply
HarounKola chrisdunntv
Is this for short term trading till price hits 680, or are you holding these as part of your investment?
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