mikenz

mid term consolidation could be in

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BITSTAMP:BTCUSD   Bitcoin
looks like we could be in for a temporary consolidation with visiting 2800-3500 levels.

valid with price below 4480-4500 level. If 5000 is reached go long.

Happy trading
Dagangan ditutup: sasaran tercapai:
Target reached.

We could see more consolidation in the low 3000s the next hours.
I rather expect a second Breakout above 37000 - then a retrace to 4200 - 4500 levels is likely.

If trend turns bullish in the next hours/next week, dont forget you will have to operate with the option of a second flash crash in case the closedown of Huobi/OKCoin is announced next week.

So far for mid trend factors. Makro trend stays positive. fundamentals havent changed. adoption is increasing.
Komen:
If we should cross 4140 levels on stamp, go long.
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