moneyminds4

trendline break most likely shortlived

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD just broke the trendline to the downside. I personally think the move down will be shortlived. See the profit target below. I will not be shorting this move. More looking to long at the profit target.

Comments

today is saturday , today we will reach over 30k, after that we have to see coz sunday and monday can be tricky days and could be going back down to 25k straightafter reaching 30k or shrink down to that in a couple of days, not sure if it goes down to 25k region or further down to lowest 20k i presume. this is my personal idea. happy new year bro.
+1 Reply
it s the usual suspense at the very end of the 4 hour candle, it has become normal now
+1 Reply
moneyminds4 scousertommy
@scousertommy tell me more about this (tommy I assume?)
Reply
scousertommy moneyminds4
@moneyminds4, there were many kind of battles at the end of many 4 hour candles and on many occasions it went green and up same as when u look at daily candles and you will see less red candles than green, btc dominance also extreme, in my opinion for btc to do the correction to 25k level ethereum must rise to 900$ first, before that btc will keep on ruling and rising
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