ChartArt
Short

3 Bitcoin short targets and a Buddha quote

BITSTAMP:BTCUSD   Bitcoin / U.S. 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
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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