Well done to everybody who followed my latest analysis on Bitcoin!. We made significant profit with this analysis! (See related ideas for said analysis) I'm glad to be your one stop shop for constant, consistent, and profitable Cryptocurrency trades!
Remember, trade what you SEE not what you THINK.
Swiftly moving on, let's analyze BTC/USD on the 1D chart.
I posted a BTC/USD analysis lately, and it's so far gone perfectly to plan. The dynamics of the trade are the same, however we need to decide the next logical step for Bitcoin so we can maximize on this trade.
I previous eyed the 12054 level as the first target for Bitcoin, however I think it's logical that we eye the 200 major moving average as a first resistance, before going to the first target at 11862. When target is hit, I expect a small correction before getting a new bullish leg that could potentially go up to 17000 in the longer term.
As I said in my previous analysis, the uptrend was starting, now it is here. Exciting times ahead for Cryptocurrency.
I will update this analysis when I receive above 40 likes.