GlobalTrader_

$BTC to see $12k before $7k

Long
BITSTAMP:BTCUSD   Bitcoin
Using linear Regression and Bollinger bands together gave us a perfect signal to sell the top candle pushed up above both.

The momentum for now is up looking at where the stochastic RSI is. So we could see $12k before we drop.

The perfect dip would be around where middle Lin Reg and BBand are (using the weekly), which is $6500 but could be higher when the price drops $7000 level.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.