peterbokma

BTCUSD - Short-term trade idea

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Even though I am a medium-term seller of BTCUSD , the short-term picture suggest we may see higher.
The inverse Shoulder Head Shoulder pattern witnessed, suggest that the break above USD 50,718 should translate by a USD 27k (rounded) increased price short-term. In other words, for those interested in short-term play, buy in to pullbacks above USD 50k for a profit objective of BTCUSD 77,000.