Bitcoin Wyckoff Schematic

OKCOIN:BTCUSD1W   Bitcoin / Dollar Forward 1 Week
My target is 277$-285$ on futures (probably 295$ on quaterly)...I expect before a retracement to 243$ to increase any long position but it doesn't have to happen. I won't short anytime soon as the risk of instant margin call is too high when Bitcoin             goes parabolic...
Uptrend finally holding as originally it's more safe to buy and if it keeps going up till monday, bulls are saved.

Not buying the "double bottom". Going long at 230-236$ will be a really profitable trade if it works out...would be nice after almost 3 months of starvation for BTC traders.
looks good up till now !
I think we'll go to 300 in a sharp jump
+1 Reply
Versadeath purpurato59
Yeah, odds are that we will breakout and exit the 200$ level. For now there is room for another leg down so we would have like 230$ as a launch pad for the next rally but we still got a big support at 240$. If we go sideways the next days we will probably breakup without any dump.
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