Wave-Trader

BTCUSD Recovery Ahead

BITSTAMP:BTCUSD   Bitcoin
Hi there,

BTCUSD is pushing downside slowly. We are expecting it to bounce off sharply and resume the longer term bullish trend.

It is trying to form bottom so How you can trade on it.

1. Watch current price for bounce off if you see look for buy and look for breakout anc continuation.

Or

2. Let the price breakdown and test the previou lowe or let it form new low then look for buy. You can go for short term sell on breakdown but trade with care.

In case price keeps falling for the new low, we will remain longer term bullish and we will look for bounce off for longer term reversal.

Good Luck

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