BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Possible 9k retracement target, taking into account the market's sentiment on 8k. 8K won't hit if everyone says 8k will hit, toss a higher number and we'll be able to see the picture clearly. This looks really like a first sell off, or even a bull trap run now.

Okay that aside, Bitcoin has been way too bullish for 2017, we've seen a tremendous amount of traction gained. Even though that is good, it has severely hindered the stable growth economically for the next few months to come due to parabolic market traction gain.

Blue lines indicate current mental support levels.
Comment: MACD will tell if theres a reversal. This will be invalidated if so
Trade active
Comment: Stops at 13700
Trade closed manually:
Buy the breakout, took a small profit of 50 bux =\
Comment: Reshort if weakness is shown.
Trade active
Comment: Attempt active

Avg: 14700
Comment:
Comment: Please trade responsibly and have stops before 15
Trade closed: stop reached: Invalidated
Comment: Bad trade, did not factor retracements.

Comments

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