BTC/USC Will certainly test $8500 key support area which may provide an early entry for riskier trades. However, the price can also breakthrough leading to a continuation into lower 7k areas. This is why I'm buying once and if price tests $8500 support, reacts to it, and closes 4H above the descending triangle (lower highs). The strategy also allows for a tight...
Bitcoin panic drop incomming. $8500 / $7500 / ($6100) Bitcoin is in a very very small trading range at the moment. A breakout of this range wil hit many stoplosses and take profits. The waves in this range are getting smaller and smaller. We tested 2 times the $10500 range but no break. So i think this situation is the same as the drop to $3200 . But...
Bitcoin performing 5 leg correction AFTER VERTICAL MOVEMENT. Current Pattern seems like Bullish Gartley(XABCD). B Reversal was bouncing from %61.8 level which is 9750$. C leg did not extent previous high. Price going lower to entry at 8500$ level (-%27.2). Also 8500$ level is fibo %50 which is movement of 3215$ to 13764$. Entry Long : 8566 $ Stop Loss : 6943 $...
following the two major trend lines . BTC is on its path for a 8500 retrace. If it tests 8500 for too long expect trouble.