Looking at the strength of the last impulse down, I still think we are going to have at least one more move down. I won't change my perspective until I start to see some form of divergence on the chart.
I will be looking for shorts and trading this down further.
Trade safe.
Bitking
Order cancelled
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Unexpected spike, typical of bitcoin has now left me back on the side lines. Its time to sit on your hands and see whats happening.
Any thoughts for how this will go over the weekend before August 1st?
Bitkingfx
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@rickySatin, I believe BTC is gonna start a new uptrend this weekend and continue into next week.
CoinDreamer
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"Typical of bitcoin"..mostly happens if I also short it..:P Never mind, stop loss activated well. This fomo was insane, some correction will come..but I dont dare to short it.
Bitkingfx
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@CoinDreamer, Yep, don't take any new trade until we get some form of signal. There is plenty of time to jump back in. I want to see some form of correction before I take a buy though.
I will update on Friday with what I'm looking at ready for the weekend.
CoinDreamer
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And after that? Who knows? If btc hard fork happens in August we could go under 1k...
Bitkingfx
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@CoinDreamer, Very much so, I would like to see the strength of this down move and see if can be maintained and possibly turn into a trend? As ever we will hold our breath, bitcoin is a very interesting beast and always seems to surprise us one way or another. The best thing we can do is wait until the chart shows us what to trade.