andypro16

andypro16

:)

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LONG

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We see a consolidation on 1 hour chart. We may see a further bullish move if there is a breakout.

andypro16

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andypro16

Some people regard Bitcoin as a kind of digital gold. It is interesting to see if bitcoin follow the upward price movement of Gold.

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andypro16

We can see the major downtrend on daily chart has already been broken DOWNWARD. That's why we see an accelerating dump now. I see a possibility that btc would retest the new downtrend resistance (the bottom of the previous channel) and we could short it. This trade will be active only when btc is trading near the resistance.

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andypro16

Why is the target price range such wide? It it because the end of the correction depends on the market sentiment. After finishing this correction wave, we will probably start another big bull run leading us to $30K, $40K, $50K ...

andypro16

daily bullish divergence is shown. Although it is possible to have a huge fall, it is safer to buy at low instead of shorting.

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2.bp.blogspot.com

andypro16 Updated 

wait for breakout