TheCryptAlpha

BITCOIN Market Whisperer - Your Next 30-60 Days Trading Stradgy

TheCryptAlpha Updated   
BITFINEX:BTCUSD   Bitcoin
Bitcoin has rejected the $6,000 level once again for a temporary bounce targeting the upper resistance line. We have drilled into the lower support line for the third time, meaning that the support becomes less of a support with each attempt. The market dominance has been slowly shifting into Bitcoin which is predictable, the king is asserting its dominance on the market essentially squeezing out the weak hands out of the junk coins and shifting the users into the. But it does not stop here, We are still due for a greater pull back that will be essential to then wipe out the BTC holders, eventually creating capitulating drop that will really set the playing field for anothe run up. Now this is a temporary low, it is too early for anyone to tell where we will land after. Bitcoin / cryptocurrency market experiences lots of unnecessary fud that causes the market to do irrational things. So if we are able to get through the fud we will be able to rally into new highs for this year.

I believe that eventually at one of the critical points we will experience another blow that will send us down to new lows. So far this is a trading plan for the next 30-60 days. I'll add more details as I see more trading set up's. I dont chart often, Because I dont need to. My charts are on point.

This is not trading advice, This is my opinion

Be safe out there guys


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Trade closed: target reached:
Target Reached - Shorts can be opened
Trade active:
New Targets $5200-5400 Area

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