1)Its just above the 50MA line ready for a jump. 2)Bollinger band getting smaller 3)100 MA became 10700 which is a strong support 4)All big shorts are being covered very fast in last few days. CME says it's launching bitcoin futures on Dec. 18 . I believe that bitcoin will continue rise until that day. We could see 13K this week. Open a margin long position....
Short position target: 7500 (take profit) Stop loss: 8500 Potential Gain: %10
BTC will make a head & shoulders pattern in short term.
BTCUSD - Correction will occur before 7000k
I updated my gameplan. We are at a critical support line.. it should be watched closely during the day..
BTC 48 Hour Game Plan. If it doesnt breaks the bottom support line it would gain power and try a move up to 6400..
looks like going to break triangle and try 6000s COINBASE:BTCUSD