CryptoStation

Bitcoin Update (Jan 19) - Bulls will come anytime

Long
BITMEX:XBTUSD.P   Bitcoin
We were right about the last dump from 9200$ to 8400$. But I see that bears are attacking BTC very strong and now it's not good time to buy in.
This is just an adjustment and it maybe re-test the broken resistance trendline of recent downtrend and MA50 on 8H timeframe chart.
So we will wait to buy BTC around 8200-8300$.
Target should be the last peak at around 9200$
Stoploss : Under 8000$ and downtrend would be back!
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