Completely new to trading (august 2017) & this is my first prediction. Would love some input.
I believe we will continue the bullish run after a short pullback, and that we will se new ATH before the B2X fork. We will probably see more people buy in before the fork than what we saw for BTG, followed by the now typical sell off. We just tested the 23% retracement and might se a head and shoulders pattern forming before retracing to 38% followed by new ATH (between 6500-7500 USD).
I'm considering placing a buy order at 5000 USD (and a smaller safety one around 4600 in case there is a flash crash and I'm not quick to respond). And maybe locking in some profits around 6500-7500, just after the fork (or before if I see a good alt deal). Thoughts?
I believe we will continue the bullish run after a short pullback, and that we will se new ATH before the B2X fork. We will probably see more people buy in before the fork than what we saw for BTG, followed by the now typical sell off. We just tested the 23% retracement and might se a head and shoulders pattern forming before retracing to 38% followed by new ATH (between 6500-7500 USD).
I'm considering placing a buy order at 5000 USD (and a smaller safety one around 4600 in case there is a flash crash and I'm not quick to respond). And maybe locking in some profits around 6500-7500, just after the fork (or before if I see a good alt deal). Thoughts?
Comment:
I'm considering opening a short if we fall below 5600 resistance. If we break below I anticipate us falling atleast to 5000 and possibly to 4100 or lower. What do we base the possible low on?