Coinamic

Bitcoin bottom is set? Most probably. Correction coming?

BITMEX:XBT   Bitcoin / US Dollar Index
Last waves from the previous resistance at 5800 has been astonishing, Bitcoin has been cutting every resistance like butter, awesome. Now looks like we are getting back to 2017 euphoria, just this time small market caps Alts are not doing really well. Have a look at coins like PPT , NPXS, NEO, etc, looks like they are dying, and that´s actually really good for Bitcoin , so seem that this could be the beginning of a new era. The bottom seems to be set, it just a matter of being in the right way.

So finally after being dedicated exclusively to my trading channel and my new website, I´m able to publish again. After my last short call at 5600, I closed it and send the signal in my group to close it if the price breakout 6180, so after that I´ve been maintaining my BTC stake in Bitmex and making some good trades during the way up. My group and myself were inside of the last flash drop to 6400, entering short at 7640, that was a really good trade. Now we are scalping the current triangle and we are also doing quite well.

Now is time to be prepared for the next move. The current triangle could last a few more days breaking down around the 25th. If that happens then we are getting an even more complicated scenario, since the next weekly candle is quite decisive wether the uptrend continue going up or if the correction continues. 7700 is the closest support we have, a breakout of this one will lead Bitcoin to 7k first with a final target of around 5400. Too soon to call this action yet, for now my next key point is the 25th, I´ll be monitoring the price closely during the end of the 24th and the next day, however my initial call is a breakdown of the triangle.

As long as the price don´t breakout the triangle the scenario with the red line is playing. The green line means a breakout to the upside with a potential target of 9250/9500. As I reminder to my followers, my trading capital is divided by 75% in BItcoin trading at Bitmex and 25% in Bitfinex in cash. If you want to get more info about it and accurate signals to trade this market don´t hesitate to join us.

Thanks for reading my analysis, don´t forget to like and follow if you appreciate this :)
Thanks for all your work, the channel has been great
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Hey glad to see you back!
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