Allec

Bitcoin and the three supportlines

Allec Updated   
BITMEX:XBTUSD.P   Bitcoin
Dear Traders,

everybody is waiting when this dump-year will end, one thing for sure, FOMO will begin, because IMO blockchain is just a baby and will grow like internet in the late 80's.
And it will grow big, So even if you buy now for 3250 and hold, it will grow, that's for sure
I am buying bitcoin when it''s above 200EMA on the 1hour chart and sell when it's going under. That's my own simple strategy. Whatever it goes it's safe

Scenario's:

1. Bitcoin holds 2800-3200 and then explodes, it bounces like crazy now on 3250
2. Bitcoin goes to next supportline of 2038
3. Bitcoin dies and goes to 1200
I have been reading a lot of predictions and no one, believe me no one can predict what's going to happen. And i hate when people think they are jesus and say: It can go up when it's out of the triangle and it goes down when it's out of the triangle or it goes sideways, BLABLABLA......... There are some awesome traders, but the most only have a big mouth and will overwhelm you with analyses and shout when they are right.

IMO scenario 1 will hold, but it stays bitcoin, awesome blockchain. We love it!!!!!!!!

Good Trading
Hans
Trade active:
Falling wedge, Soon new rally up
Comment:
You can see it with the alt coins,. They are going up right now
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