ArtsTrading

Bitcoin the current play.

Long
ArtsTrading Updated   
BITSTAMP:BTCUSD   Bitcoin
With the rapid move up from the long down trend I expect a .5 retrace into a bigger correction upwards towards 4,000. Would not short anymore, but look for retraces for a long position.
Comment:
Retrace happend farther than expected in the future, look for the 1H cloud breakout for possible next big move.
Comment:
Break out from the cloud took us to over 4,000. Looking for a retrace and than another leg up to around 4,400
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.