Cabot101Management
Long

BTC is hotting up there is a better price coming be patient !!!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Okay so an eventful few days on BTC , What is becomingly increasingly obvious is the amount of bloggers all wanting a piece of the action by stating facts that are happening, and not necessarily putting there neck on the line with a view for people to make their own decisions.

To the moon they shout well not quite yet .......

So I've sat on the sidelines for long enough now and its time to speak out :

G20 summit over , the news ?? well good as they haven't really clamped down just yet with their big brother ideals with Crypto's.
Fed raised rates as expected by .25 % it was already priced into the USD " how does this affect my Crypto trade you say " of course it does as you are trading against the USD .
Binance has just copped some repercussions for Japans FSA issuing a warning to them with the way they operate so the MKT has got a bit of jitters.

Now I see this coming back to test its TL support @ 8k which is a good place to start buying in slowly, as Im long term bullish BTC but don't want to get to greedy with thinking we can buy at the bottom.
It has failed to stay above its 0.618 fib line and you can see by the charts a squeeze is coming so be patient, as this will tell us in a minute what way its going ... if the sellers gain control then 6k is the peachy zone for a long term buy as its @ the 0.786 fib line too... plenty of support

Happy trading people .....

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