DrFaust_Official

Some thoughts about Bitcoin

Long
BITFINEX:BTCUSD   Bitcoin
Hello fellow traders,

Bitcoin and other altcoins are discussed very much, some are fans thereof, some are haters. So we are in the middle, that means there is good chance to jump in, then in, see good profits, then get out, or get losses. It is always more comfortable if we can define by ourselves that how much we can loss and then can bear. If this questions are clear in our mind, then get in the market.

As depicted on the chart that below the price level of 5K USD/BTC then the situation for Bitcoin is quite critical, or let's say people lost their "faith" in such thing and..this is our limit for loss.

Other wise it looks quite attractive for Bitcoin, if it can overcome some hurdles, then there is more free space for BTC to take off. Take your look at the depicted chart for more info.

Trade well!

makkaba team
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.