luckyhelper

Which direction will Bitcoin take?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Good Morning! A beautiful day with a lot of sunshine             is ahead of us.
What about Bitcoin? It is still testing that short-term target line at 12260. If it cannot break that line, we remain in the bearish scenario with targets at 9005 and 5594.
Comment: If the BTCUSD can break the target line of 11260, the price of Bitcoin will head towards 11707.
Comment: Bulls and Bears are involved into a heavy fight about the direction of the price of Bitcoin. The decision will strongly influence the further development of Bitcoin.
Comment: BTCUSD is heading fast towards 11707 and 12230.
Comment: Still no decision. Bulls and Bears are still fighting. The outcome of the fight is open. BTCUSD can fall or rise. The candles show an undecided situation. How to avoid open and close trades at every swing and losing a lot of money this way?

I take a decision about the range that I do NOT trade. I only trade once one of the two two no-trades-lines is broken. Never between the lines. This will avoid many losses and a waste of money.
Comment: Bulls and Bears are equal strong. We still see that hard fight around the line 11260. We have to remember, as long as BTCUSD remains below the line 11260, the bear-trend is still intact.
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