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FugaziFairydust
Nov 6, 2020 8:28 PM

Local top BTC 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin rocketed from 14K straight to 16K where it found resistance. Een retrace is coming. And don't under estimate these retraces. They can go fast with a quick drop of -20/30%. These retraces have taken place more often in the past. Try not to short Bitcoin, but rather buy it at each dip. A new ATH is upcoming.

To buy I look around the support zone: 12500 - 11500
Also Weekly EMA 21 is a reliable support/buy zone in an uptrend.

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