frupreneur
Long

BTCUSD | LAST DISCOUNT FOR 25k RIDE

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
//Recommended Risk Ratio : %2 Max

WHAT YOU THINK?
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==> OTHER THOUGHTS?: Kindly comment so we analyze together :)

DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques,
you should do your own due diligence and not take this information as a trade signal.
Comment: SUPPORT TREND STILL HOLDING. Wait for strong bullish responds to get in.
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Comments

WAIT FOR NEW YEAR PEOPLE WILL CASH OUT AND PRICE WILL DROP TO 10-11K OR DOWN ..IF NOT WILL BE ON MOON ..
Reply
H&S pattern is bearish, most analysis indicate a trend towards 8K.
Reply
frupreneur DavidSanchez
@DavidSanchez, Note that the Bearish correction has been Holding strongly in forming part of the "Right shoulder" Unless that is broken, No way through. I personally think a "Double tops" With the Head will be a more feasible reversal if any.
Reply
Bear in mind that some people bought recently just to get free shitcoins from the fork (Segwit2x) that will happen tomorrow. Moreover, there is the H&S pattern that shouldn't be disconsider yet.
Reply
frupreneur Gilberto_RJ
@Gilberto_RJ, Considering the bullish nature of the "right shoulder" along the trending support I'd say the HS is very unlikely to come through. Segwit2x is of great concern no doubt but H&S, I don't see that coming in. However lets watch and learn :)
Reply
It will go lower because of transaction time between fiat and BTC, plus new comers being busy with new year's eve
Reply
frupreneur GreenValleyTrading
@Winchpac, Fair reasoning. However I personally focus on technical analysis. If your trading plan gives room to be cautious with fundamentals and news it will be very great to stick with that. Perspective is everything!
Reply
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