Allec
Long

Bitcoin looking bullish, but watch out !

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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Dear Traders,

Bitcoin looks bullish , with a nice retracement towards 0.382

Target 1 10.900
Target 2 12.100

But something mean is on the background we can't ignore.
If bullish pattern must continue, we must touch the EMA 21 week which is now at 7700
So i think we will hit that EMA-21 weekly.
When you go in, make sure you have a good stop-loss.
Shorting now is suicide, because the linear regression on the daily is still up.
If that is turning down then make up for that EMA-21 point.
Good trading guys.


Hans
Trade active: Target 1 : HIT
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