This is where we can add to or open a BTC long position. See other ideas for reference. After the massacre Bitcoin came down to where our trendline, the golden pocket fib retracement and the CME gap come together. The golden pocket is notorious for an area of reversal. The CME gap has just been filled. First target would be around 10.000. If we manage to break neckline target is around 14k and by that time we have broken the huge bullish pennant that has been forming since the 2017 top which could send us to new all time highs. For a short term trade stop loss could be around 7.250 (-6%) and target 10.000 (+30%).
@PurpleCrypto, Interesting, not familiar with that pattern. As you can see I took a look at what happened in the past different cycles. Off course we don't have much to go off but until i see otherwise that is what i assume will happen. History doesn't repeat itself but it often rhymes. Thanks for your reply mate.
suvny21
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Hi, can be hopeful to see 100k by december?
Trader_MDJ
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7650 where i add to my short, this ponzis done
T01157899
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@EquitySink, Plan your trade and trade your plan. Adding to short because "ponzis done" is one way to get rekt for sure.