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Jefe
Dec 25, 2017 4:19 PM

BTC Breaking Out? (Change of Plans) : Analysis Long

Bitcoin / U.S. dollarBitstamp

Description

People are eagerly buying the dips. It would seem that Segwit2x (scheduled Dec 28) has everyone on the hook as everybody wants the free B2X coin which they will get if they hold Bitcoin before Segwit2x is activated. I just closed a short at a small loss as a different scenario unfolds. Is the correction over? It would appear so. Will we see 9k? Not very likely at this point. This is an interesting development. I've opened a small BTC position. I will add more as the reversal confirms and update you guys here. Thanks! :)

Comment

Watch for price action at 13400. If it breaks out of the supposed bullish channel, open a short position. If it bounces back into the bullish channel, you may open a small buy position.

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Comments
LVascons
It seems to be a head & shoulders now. I am guessing time for a last correction?
davench
Is it safe to buy now?
Jefe
hougaz
Bearish flag
Jefe
@hougaz, Reversal.
themomentum
Bullltrap XD
Jefe
@themomentum, Not this time.
themomentum
@fakhan, the volume to support a reversal is missing
Jefe
@themomentum, You are right. We'll have to wait and see.
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