Shorting bitcoin. T1: 7.000-7.800 usd. T2: 4.000-5.500 usd
Good morning everybody,
I've been away for some time, because of personal matters. But I will be active again. :)
Currently I'm shorting the bitcoin. I beleve we're still in a correction. Their isn't enough volume or big buyers in my opinion to get Bitcoin higher. Legg (c) did hit perfectly the 0.382 fibonacci level of legg (b). We're slowly forming a bearish pennant. To break below the previous low.
Targets and stop-losses:
Target 1: 7.000-7.800 usd
Target 2: 4.000-5.500 usd
Stop-loss: 9.800 usd
Remember this is a trade for the bigger time-frame. It could take 2-3 months before hitting Target 2.
I've been away for some time, because of personal matters. But I will be active again. :)
Currently I'm shorting the bitcoin. I beleve we're still in a correction. Their isn't enough volume or big buyers in my opinion to get Bitcoin higher. Legg (c) did hit perfectly the 0.382 fibonacci level of legg (b). We're slowly forming a bearish pennant. To break below the previous low.
Targets and stop-losses:
Target 1: 7.000-7.800 usd
Target 2: 4.000-5.500 usd
Stop-loss: 9.800 usd
Remember this is a trade for the bigger time-frame. It could take 2-3 months before hitting Target 2.