andypro16

andypro16 Updated 

if 12600 support level is broken , we will see the next downward movement to 11800-9000. Let's see where we will go . Again, mind your risk.

andypro16

Let's see if we could breakthrough the channel.

andypro16

I am sorry that I am not going to post my further trading idea. Instead, I would like to discuss where Bitcoin will go. Since November , I have started to post my idea to short btc. Unfortunately, I have failed all the time because I underestimated the craze. Bitcoin has started its bull run due to the CBOE and CME bitcoin future good news. In this month , Bitcoin...

andypro16

I think it is quite clear.

andypro16

The volume is decreasing along the wedge . Let's talk about what does a rising wedge mean in this situation. A rising wedge means the Bitcoin craze around the world is slowing down. Although the mass media is reporting Bitcoin , smart investors (Including Wall Street and Hedge Fund) may think that It is risky to get in the market now. (monthly RSI 96,see my...

andypro16 Updated 

closer and closer

andypro16 Updated 

The price rises with decreasing volume may represent decreasing of buying power. Bearish divergence also reminds us to be more careful on what we are buying.

andypro16 Updated 

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andypro16

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andypro16

Somebody may think BTC is digital gold, but it doesn't represent that it will keep rising without a big correction. Please be reminded that even for the real gold, it is possible that its price fall from $1900 to $1100. I think we are actually approaching the big correction. Manage your risk carefully and be patient to wait for the next buying opportunity. GOOD LUCK.

andypro16

Obviously a rising wedge pattern is shown on the chart Smart btc investor seem not to invest their money continuously as they think btc is overpriced and they want to invest at a lower price. Also, monthly RSI has reached 95.5.

andypro16 Updated 

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andypro16

$11760 first target $14147 second target According to the previous experience, btc is going to reach the 2.618 level $11760. If the level is broken, it will rocket to 3.618 level $14147. I don't know where will be the top. Beware of your risk management. You are also reminded to notice the Monthly chart RSI as it has reached 94 already.

andypro16

I have no idea but I recommend you to take your profit as soon as possible so as to avoid the risk.

andypro16

If btc cannot breakthrough ATH $8375, you can long it between $7762 to $6943 which is a good buy zone. Final target $9373

andypro16

I have found a rising wedge pattern with RSI bearish divergence. BTC reach all time high $8375 without entering the RSI overbought area. Is it possible for BTC going to make its correction again? Make your own decisions!