Giovi6969

Look for an eventual 6.800 breakout and a support on Smma

Giovi6969 Updated   
BITFINEX:BTCUSD   Bitcoin
Still a possibility Btc bottomed at 5.700$
Look for a possible retest of the descending trendline, and a use as a support of it from Btc (6.500$)
Look for a breakout and support on the Smma
Break of 6.800 is crucial
Still possible that this market already bottomed, but no certainty yet
Do not fomo
Comment:
This escalated quickly,
For now Btc is capped by the main pink Smma (over it = bull market)
Careful with false breakouts
Comment:
Sir, what its it il bitcoine price sir
Comment:
Again, do not fomo, wait for the candle to close, wait for a few days to see if there are no false breakouts.
Nothing forces you to trade when a market is acting crazy with some uncertainties and possible incoming unstability.
There was a 1.000$ Btc value difference with some exchanges.
Do your own research, stay safe
Comment:
This is why you always, as a wise investor, wait for confirmations.
I am not saying this is a repetitive fractal, i am saying wait and see still, unless you managed to buy last week for long term holding.
You still can do it.
But this is, imo, a no trade zone.
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