BTC is targeting $6900, here is the scenarios Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Oct 31, 2017 11:06 AM

BTC losing buying momentum but this is due to the current complex correction.
BTC Targeting $6900 or $6600 if the momentum starts to deaccelerate in the next upward move.
We have two potential entry 1st is a buy stop (after retracing 1:1 time correction and the other is 1:1 price correction).
Take your time with the chart and let me know if there is any question.

⋅ Nov 1, 2017 2:40 PM

Here we go, 1st trade activated and near target, move stop to $6333

⋅ Nov 2, 2017 9:55 AM

Congrats

Comments

MFatah

⋅ Oct 31, 2017 9:19 PM

Thank you for the great analysis.
Just to add one thing that could affect the volatility is the scheduled next hard fork segwit2.

walidelhelw

⋅ Nov 1, 2017 2:41 PM

@MFatah, Yeah i will be something considerable

RahulBarua

⋅ Oct 31, 2017 1:01 PM

How is it doing all this without volume ? any ideas ?

walidelhelw

⋅ Nov 1, 2017 2:42 PM

@RahulBarua, As FX trader i used to keep a close eye of momentum.