ChartArt
Short

3 Bitcoin short targets and a Buddha quote

BITSTAMP:BTCUSD   Bitcoin / Dollar
Bitcoin is still facing a larger correction, as I pointed out in a previous chart, since the price dropped below $616 to $608.

Either the BTC price will move down to 595-600 US Dollar             as only a quick pullback. Or we will see a medium size test of the last 550-585 US Dollar             bottom area and then we will stay above this price level this year.

Worst case there is going to be a double top pattern and the price makes a very large correction down to about 495 US Dollar             , before the overall very strong uptrend is resuming with full force.

Stop loss for the short is around 625 US Dollar             to 635 US Dollar             depending on your risk taking.

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"Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment."
- Buddha
frisby
2 years ago
Thanks for bringing up the quote and nice analysis with reasonable SL.
Reply
cryptomojo frisby
2 years ago
Nice quote
Reply
bwy PRO
2 years ago
Excellent quote!
Reply
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