Hi traders,
Crypto currency.... BTCUSD! Since people are all over in my ear about it, I'll drop my first analysis on this subject.
As we easily all see, BTCUSD had a super good momentum going for it crashing the 10K easily and wick quickly over 11K within the same day. When I look over the last correction this pair, it lasted 4 days and had an even greater drop that what we are witnessing now. If we are having the same type of movement that we just had, this would drop down the price to around 8K.
We seem to have a good support at those levels. Its either an amazing opportunity to go LONG.. or the last stop before a full retracement of the UP move of 2017.
I know Bitcoins are the new thing and its getting mainstream as hell at the moment. However, I can still compare it to gold.
Gold had the same thing where it traded for quite some time at a very low volume and very low price. Suddenly, when it broke its first resistance and went on with that crazy bull run to 1900$/oz.
We just might be on the edge of a big correction. Let's just see how this plays out.
BTCUSD SHORT:
ENTRY : 9838.20
SL : 10111.55
TP : 8051.25
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade
Crypto currency.... BTCUSD! Since people are all over in my ear about it, I'll drop my first analysis on this subject.
As we easily all see, BTCUSD had a super good momentum going for it crashing the 10K easily and wick quickly over 11K within the same day. When I look over the last correction this pair, it lasted 4 days and had an even greater drop that what we are witnessing now. If we are having the same type of movement that we just had, this would drop down the price to around 8K.
We seem to have a good support at those levels. Its either an amazing opportunity to go LONG.. or the last stop before a full retracement of the UP move of 2017.
I know Bitcoins are the new thing and its getting mainstream as hell at the moment. However, I can still compare it to gold.
Gold had the same thing where it traded for quite some time at a very low volume and very low price. Suddenly, when it broke its first resistance and went on with that crazy bull run to 1900$/oz.
We just might be on the edge of a big correction. Let's just see how this plays out.
BTCUSD SHORT:
ENTRY : 9838.20
SL : 10111.55
TP : 8051.25
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade
Trade closed: stop reached:
That is why I don't trade BTC myself.
Price has now jumped to almost 16K. Dear god!
Price has now jumped to almost 16K. Dear god!