We are going to face with a .618 retracement in the major trend down to 3000 in 2 days. Remember what happened back in 7/16? Yeah, I hear what what you're saying. It's time to BUY at this dip level before we take off to the moon. Make sure you set stop loss if you get in any above .618 fibo r. level.
BTC is lil weird to trade right with the ETF news. But here's the plan : a short before breaking the bull flag. I wanted to make this shorting 2 hours ago, anyway, now I'll wait for the long entry :) If you venture into the shorting, no need to remind you to watch out for upward breakout, in which case, long all the way ! Good trading lads.
The BITCOIN went bullish like crazy But now it's time to be careful, all you bulls out there! Some correction may happen, if we judge the bitcoin price as the normal/usual currency price that we trade so often. Even though it's a crypto and some rules may be different for this instrument, the fact that Donald Trump got elected set a pivot point for the day DT...
If BTC confirms this breakdown, next support is 200DMA, then previous support at 860. After that, I predict more highs. All of this retracement action is further strengthing prices staying above 800 permanently. Short term: neutral Medium term: long Long term: long