Bitcoin - Going higher if EURUSD does the same ! Above 11k!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is in a 3 waves correction for now, which should come to an end very soon,
maybe around the 78.6% Fib retracement level (or even right away…)

Bitcoin and EURUSD have been in a somewhat good correlation for this last few months and both are pointing towards higher levels.

The ECB Rate Decision and press conference tomorrow will probably be the cataclyst needed to get things going here.
Markets should get pretty quiet for the coming hours as participants will want to wait for the ECB.

I suspect the rise to be only temporary but you can have get a nice trade out of this nonetheless.

Upside targets 11.300 and 11.700 with Invalidation below 9400
(If for any reasons we continue above 12k, just keep it and move stop every now and then)

Once this upside move is finished, we should see price go back below 10K, which should be the last buying opprortunity before we (hopefully) see price go to the moon!

Comment: Don't hesitate to like and share my ideas
Also, Subscribe to my FREE Telegram Channel for MANY more updates

If you have ANY questions, reach out to me through
comments, chat or my Telegram https://t.me/ewbelgium
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out