Tapping that 61.8 for a quick support check. This a potential entry for a single. I expect us to stay in this channel for a bit of time now so, I'd be looking for a 3-to-1 risk reward. Target on this swing for a single is $2,480. Long term target $3,500 beyond but likely a bumpy flight on the way to that destination.
@AJAYTH, Well, I like a trader who makes bold predictions and puts his money where his prediction is... we shall see won't we...
oknirok
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@tradedevil, Weekends have been very rough in the last month or so. I'm inclined to agree with the all caps guy, as much as I don't like it.
nakov
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@oknirok, all alts are keeping their own. I have kept track of top 10 alts. In 2-5 hours they are going green again. At least they won't put pressure on BTC.
oknirok
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@nakov, Well, I hate to say it, but it looks like I'm right.