KingKonrad

BTC/USD SWING

Long
BITSTAMP:BTCUSD   Bitcoin
So we're looking for BTC just rallying up, well my investing portfolio looks good, however, I don't like to trade in this kind of market, personally, I believe that retraces are more healthy for the price itself.

Well, looking at here, BTC reaching supply zones (78%), so I expect it to retrace at least to the first blue line since it holds some support there. If it breaks the first blue support, I'm expecting it to come down to 38%, since we have more confluences there. Personally, I expect it to go straight to 38% and then go from there.
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