YGForex

[27 Apr] Bitcoin Heading For A New High...

Long
BITSTAMP:BTCUSD   Bitcoin
Just a quick update from my previous take on Bitcoin. Previously, I was keeping a bias on price potentially dropping all the way back to 28k-30k range. Is it still possible? My take for now is yes but it might take awhile. With the rising "hype" over Bitcoin, it is less likely we will see such movement yet. In fact, Bitcoin has been performing well with many driving factor pushing the crypto market as a whole. What I am expecting as of now is a BULLISH continuation for Bitcoin with the recent price rejection off the ichi cloud. I will be targeting the previous high as of now as I will not like to predict where Bitcoin will reach next. You can definitely aim for a higher price but I will generally advise closing some position when we managed to reach the next high while keeping the remaining position risk free.

I will like to let you guys know that YGForex will be working towards providing cryptocurrency signal here for all of you guys. I will update daily and share my thoughts on it. This is provided we have opportunities to enter. Do follow our signal at your own risk. Do also keep in mind that we are not providing any professional financial advice.

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