looks like we could be in for a temporary consolidation with visiting 2800-3500 levels.
valid with price below 4480-4500 level. If 5000 is reached go long.
Happy trading
valid with price below 4480-4500 level. If 5000 is reached go long.
Happy trading
Trade closed: target reached:
Target reached.
We could see more consolidation in the low 3000s the next hours.
I rather expect a second Breakout above 37000 - then a retrace to 4200 - 4500 levels is likely.
If trend turns bullish in the next hours/next week, dont forget you will have to operate with the option of a second flash crash in case the closedown of Huobi/OKCoin is announced next week.
So far for mid trend factors. Makro trend stays positive. fundamentals havent changed. adoption is increasing.
We could see more consolidation in the low 3000s the next hours.
I rather expect a second Breakout above 37000 - then a retrace to 4200 - 4500 levels is likely.
If trend turns bullish in the next hours/next week, dont forget you will have to operate with the option of a second flash crash in case the closedown of Huobi/OKCoin is announced next week.
So far for mid trend factors. Makro trend stays positive. fundamentals havent changed. adoption is increasing.
Comment:
If we should cross 4140 levels on stamp, go long.