MPete30

LONG: bitcoin going to 9000 after this correction

Long
COINBASE:BTCUSD   Bitcoin
We had a correction, which went down to the support zone between 6790 and 7685, as I predicted in the previous post. I have reason to believe it will bounce of this support zone, and head to at least 9000 USD. The price might go up a bit and revisit the support zone once or twice more, before going up higher. I might also break through the support zone at 6790 and 7685, although I don't think it will.


The support zone is the blue horizontal lines, it has just entered, and the green arrows, was the direction I was predicting in the previous post. There is also a chance it will break through the support zone, but I think it is minor.
I am a new trader, and this is what I am doing, I have just opened a long position at 7800.


PS: sorry for any spelling errors, my spelling checker is off, on this new PC, and I am in a bit of a hurry.
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