Hello traders! Here is my first idea for 2018, happy new year! As always, I like to keep my ideas clean and simple to understand. As I have mentioned above, wait for a breakout from the current trading ranges, I'll keep the idea updated as much as I can.
Let me know if you have any questions in the comment section below.
- Abdulla
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We are still waiting for a breakout.
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Sorry for being late in updating the idea. We got the breakout we wanted. Bitcoin should not go back to the trading range, otherwise, it will continue its bearish run.
For now, the target is $19000 (stop loss returning back to the trading range).
Trade closed: stop reached
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Stop loss returning back to trading range = $15,700.