BTC to touch 9.5K Long

Bitcoin / DollarBitfinex

Description

⋅ Apr 24, 2018 5:05 AM

BTC run is still not supported by the volume that we expect. Transactions/day still remain low (may be the effect of the regulations).

i.imgur.com/mbHaWRm.png

This rally has got some legs but currently it wont go above 9.5K. At a 23% retraction from the predicted 9.5K rally, we should settle at $9050 and go to either sharp upturn or the week long accumulation phase

If BTC holds above 9K it will start a new rally. Trade carefully with tight stop loss from here. BITFINEX:BTCUSD

Trade closed: target reached

⋅ Apr 25, 2018 2:20 AM

Comment

⋅ Apr 25, 2018 2:21 AM

Volume is just too low to support 10% price appreciation in 1.5 days. Trade closed- locked profits for the dip