redtrapltr
Short

This Is What Bitcoin Will Do !

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi traders,

Today I will talk about the most probable direction that bitcoin will take


1. For now we can see that the bears are getting exhausted with one of my personal indicators but at the same time the chopiness index invalidate that, which means that we could have a small fake run of a few percent then go back down

2. It appears we are forming a bull flag and the buy point is at the end of the bull flag and in the most popular fibonaci number, the 0.618


3. It will also coincide with the support that we have formed around that level

4. The I think it will rebound from there and continue his steady run to new high levels


I have one private fund where I trade only stocks, follow me if you want to see updates from this idea
Comment: we were waiting for the 8k zone which unfortunately didnt come, so we decided to buy now !

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