ProsperousForex
Long

Bitcoin - is it just a correction?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hey Traders!

Market is slowly sliding and we are speculating to visit 7000 area. That could be a place to consider a long entry.

If we break lower we gonna see a double top pattern completion and 7000 is our neck. Then a short entry could be possible on that neck retest.

What are your thoughts?

Enjoy the ride:)
Great analysis here. It looks like we go a bit higher now but for me same level to buy or sell would apply.
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Nice analysis. This is what I'm currently seeing

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ProsperousForex Cryptonite_trader
@Cryptonite_trader, Nice one! We are also having a hot spot in 6000 area.

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