I belive this last move up its a rejection of lower prices, all the people that wanted already sold, so, lest look at the possibilities, but first, we need a confirmation, we need to have a green candle outside that blue channel, I think, around 265, 275, and make a new channel, a bullish one, like my Yellow one, I belive.
I think, the first target will be at 318, and second target will be at 389, lest hope no more bad or fake news ruin this.
Please do not trust in me, because I have been very wrong in the past, this is just my idea and what I am going to do.
Trade active
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Trade closed: target reached
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We reach first target, second target its going to take sometime, we should wait for a better entry.
Good news about jpmorgan buying after hating, the chinese figuring out ways around the exchanges being shut down, and ETH has good news with updates coming... but there is also uncertainty about bitcoin increasing its block size.. and surely big banks and governments will try to tank it some more. It is a threat to them, it pays big to scare the price down and buy in..
acostalugo85
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@KevinWatson, I did not know that, that sounds like a strong fundamentals, as soon as it reach 270 I am going to buy some more, thanks!