OptimoomFX

Bitcoin, a buy or a sell?

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
There has not been a good week from crypto holders, with the prices dropping all over the market and in bitcoin's case, this drop is measuring around 20%.
At the time of writing the main cryptocurrency is trading at 47500 and I expect a drop under 45k recent low.
That being said, in my opinion, rallies above 50k should be sold and only a rise above 55k would put bitcoin in a bullish perspective
I maintain my 42k target for this drop but I would not be surprised if btcusd is dropping even under 40k
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Comments

Such a great analyst. Looking to swoop back in around 42 k. When do you think things will bottom out?
+3 Reply
@ffara, thanks my friend
We ll see
I will give a buy call when will be the case
+2 Reply
ffara OptimoomFX
@OptimoomFX, thanks - your analyses are spot on.
+1 Reply
@ffara, thanks
Reply
What do you think is the time frame for a possible drop to 42k? Still waiting though to buy at a sharper drop, for now I keep my hands in my pockets.
+2 Reply
OptimoomFX Mirror_Riker
@Mirror_Riker, wait fot buying in my opinion...
I know all TV is against my short crypto analysis, but i really this will be a drop under 40k for btc
+4 Reply
Agree on your analysis.
I personal have a small buy order at 43. But expect it to fall more. Could go all the way down to mid 30.
+2 Reply
OptimoomFX dennissbh
@dennissbh, yes...i see it under 40k also
+2 Reply
you think we will be under 45k next week?
+2 Reply
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