cryptobuller
Short

BITCOIN - Do NOT take a position YET! #2 (ZOOMED IN)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
After another successful run up (i think i'm having a streak) we are now facing
the Resistance Zone from 8600.00 - 8800.00.
A short position might be appealing here - but it's too risky,
especially after a 400.00 strong move in this short amount of time.

We're in Oversold territory on the lower time frames.
I'm expecting the price to reach Buy Zone from 8320.00 to 8400.00.
At this point we will CONSIDER opening a long position, based on what signals we get.

I will update this chart accordingly.

Leave a thumbs up if you like my idea and let me know what you think!
This will keep me motivated :-)

Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
Comment: Zoomed out (previous idea, target reached)

Comment: Looks like some further bullish movement. That's why we don't short Bitcoin after a breakout :-)
I will update this idea today
Comment: Updated Idea (NEW):

Comment: Updated Idea #2 (NEW)

Thanks for sharing!
+1 Reply
cryptobuller attiladobak
@attiladobak, thanks for your comment :-)
Reply
Really liked our ideas here! I was thinking of opening a short but also thought it was a bit risky. Thanks for sharing
+1 Reply
andre4536 andre4536
@andre4536, our=your .. whoops lol
+1 Reply
@andre4536, it's always a pleasure! Stay patient and play one the "safe" side. Thanks for your feedback
+1 Reply
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