JackieHuynh

BTC-USD head down first then up later

Short
JackieHuynh Updated   
BITFINEX:BTCUSD   Bitcoin
down to 6.8k-7k first before heading up.
That's it

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Post is discussion one
Comment:
if we break above 7588$ and HOLD , it is a signal for going up . Can't dismiss the possibility
Comment:
during this year, btc has made zero move up during long consolidation in an uptrend
So this time, if we go up instead of going down, it will have significant meaning.
Comment:
7700-7800$ is significant resistance
Comment:
altcoins are at their resistance lines now. Pretty much they all are waiting for btc's next movement to be either break down or up
Comment:
it seems to me that we want to make similar move like in April
Trade closed manually:
it looks to me that we want another retest to 7.7k-7.8k first
Comment:
still not an advise to buy here for potential small gain because we have big resistance ahead. It is better to wait for resistance to be broken and retest it , then it is a time to buy
Comment:
very nice invert hammer on daily chart. If today closes like that, the path to 7k will become clearer :). Patience will be paid off
Comment:
bull refuses to go down. Lol
Comment:
bitcoin is moving so similar to the one in april. If today ends with a big green candle number 8, next number 9 with a red and next is another red, then next is green.
It is the time to go ALL IN :)
Comment:
new post :)
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