#REVIEW BITCOIN
First long target was reached and if you have opened a long, I recommend to close it until the situation becomes clear. Bulls are struggling to gain a momentum, while bears are killing the order-book. Convergence is in play and huge gap is above, however, the price is moving to $8500 region again.
If it reaches and breaks this support, this will be the third attempt and usually third attempt is successful. In this case I suggest to open a short in order to visit $7700 - $7900 area. If not, we can always open a long a bit higher.
First long target was reached and if you have opened a long, I recommend to close it until the situation becomes clear. Bulls are struggling to gain a momentum, while bears are killing the order-book. Convergence is in play and huge gap is above, however, the price is moving to $8500 region again.
If it reaches and breaks this support, this will be the third attempt and usually third attempt is successful. In this case I suggest to open a short in order to visit $7700 - $7900 area. If not, we can always open a long a bit higher.
Comment:
Please see updates from my recent ideas -