nckafieh

BITCOIN BULLS R BACK

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Keeping it simple here! What you will see is a 50/200 MA crossover to the downside! BEARISH . It's a tight cross, so we need it to cross again. UP!
What we are looking for is consistent volume at this 7K level to allow us a solid accumulation phase into what we could call 7900, a breakout level.

Personally not playing Bitcoin , I would be entering near support. Beautiful trend, 12K is a magic level for me that may change my mind.

SUPPORT & SLs: 6K
PRICE TARGET: 8K


Comments

Smart not to play right now. Killer Whales schooling the Bear fish and then eating until full. It was Bull season up to 11k and now it’s Bear season up from 6400ish. I’m out too because I can’t watch my computer all day. Tower of Terror is a ride I’ve been on enough.
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Incorrect.
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