cscarpa
Long

BTC continues bull run after dipping due to Korean Exchange raid

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
419 10 1
In my opinion 12800 served as a crucial support level for Bitcoin             during the correction after South Korean Exchanges got raided by police and investigators today in the morning hours.

After bouncing off it's set to continue the bull run to 20k
Thanks for sharing. I did few days a long position(at 16200) with leverage and the position will be liquidated at 10900. Do you think that it's better to close position and accept losses.
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cscarpa akhalifeh
@akhalifeh market is not looking too healthy at the moment, we could indeed see another correction.. i think if 12500 breaches you could be in danger of getting pulled but it will act as strong support. so if you can take it i would set the stoploss a little below that.
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akhalifeh cscarpa
@cscarpa, Thanks
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akhalifeh cscarpa
@cscarpa, I'm going to close the position around 14000. Do you think it will reach 14K before the next daily down trend.
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Please more dips, I am opening my mouth at the bottom lol
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cscarpa cwkim0100
@cwkim0100 all the youngsters panicking, love it too :)
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bull trap
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More dip is gonna come I think..fake bull run setup may be taking place..indian exchanges too had raids but no fud panic took in indian exchanges.. Koreans may dump more as support levels are not stabilising..we may see 8k then trend reversals..
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cscarpa ghose12
two options, i'm not totally sure to decide which way it will take but i'm pretty sure it won't drop below 10k. What we have seen in the past days is that whales already loaded their bags, weak hands got shook out and trends were showing positive signs again before the bad news came out. Without further FUD i doubt a drop below 12500 - if so, 10800 will also act as a very strong support.
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ghose12 cscarpa
@cscarpa, can go below 10k nor stop at 10.5k becoz price now is all depending on human psychology.. indication and other stuff won't work now for couple of days untill we r clear if we r reaching bottom or not..if u see all the hype started from 10k after pull back ..so people can use stop loss if they see btc approaching 10k if they're still holding.. anything can happen..8k is strong if 10k slips..
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