Smoak
Long

Bitcoins Next Move

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
100 0 2
I know this scenario seems implausible at the moment but I think we may see a move like this in the shorter term. Technicals are very bearish but I think we are range bound for the next days. In terms of my longer term view I remain very bearish but still believe that a move to 15k             - 17k is certainly plausible.
Comment: We reached the first target and are seeing some pullback now. I'm expecting us to drop to the 8950 level. If we can keep that area then I think we will get to the 10,000 level.
Trade closed manually: I have exited my trade and taken profits. We may still go up but I am happy with the profits made and don't want to get greedy.
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