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.

----

"Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment."
- Buddha
Excellent quote!
Reply
Thanks for bringing up the quote and nice analysis with reasonable SL.
Reply
Nice quote
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out