Tommy_Trader

Bitcoin! Are bears finally done??

Panjang
BITFINEX:BTCUSD   Bitcoin
Never trust TA from one analyst. Yesterday my short position has liquidated and I lost a lot of money.
TA is not predicting future price. It is all about deriving many possible scenarios and prepare adequate response plans.

We finally broke the down trendline that has been formed for a very long time. That massive impulsive green candlestick that fucked many of traders including me, seems like a 3rd wave. Now we are officially above the trendline which means it is now going to act as a hard support. I think we are currently on the wave 4 which I targeted 0.382 fib level of wave 3. With the amount of bullish momentum, I targeted wave 5 with 3.618 fib extension of wave 1 since wave 3 reached 2.618 fib extension.


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