TheCryptAlpha

New Year 2018 - > Bitcoin Trading Basics

TheCryptAlpha Updated   
BITFINEX:BTCUSD   Bitcoin
Hello My Dear Friends,

With the new year approaching I would like to say thanks for watching my charts, I try to update them to bring you the correct market trends at the right time. Please hit the follow button if you enjoy my content. I'm a unbiased trader that has 5 years trading experience trading conventional markets.

Heres a chart of bitoin. We are in a temporary downward trend. I expect the market to fail a third retest and continue lower. We will soon rebound and continue back with the scheduled programming til $22kish

The correct trade entry should have been at 14k for a short position. Our target to reopen trades will be the first sign of 'capitulation'. We will close our shorts and enter long position. These levels can be anywhere between 8-10k.

We are glad to have you join us on our crypto jouney. Be careful trading any financial or commodities will result in potential losses. Do not trade more than you are willing to lose.

Best regards My Friends!

Wishing everyone a happy and healthy new year!
Comment:
Comment:
Downward channel

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.