What is happening to Bitcoin? - LOW RISK TRADE WITH SL
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Here's my take on Bitcoin...
RSI is almost oversold on 4H chart and MACD is bearish in short term. What does that mean? It means a possibility for re-tracement. That means that Bitcoin may experience a short term re-tracement. That is where we have outlined some bounce off points including short term supports.
PLEASE NOTE THAT THIS TRADE IS STILL BEING ANALYZED SO DO NOT TAKE THIS INFO AS 100% ACCURATE IN TERMS OF RE-TRACEMENT PROBABILITY - this is meant for investors looking to minimize their risks, in which case we would recommend short term sell of to USD or ALTS
General target shown in green is where we should end up in an event this 4H candle closes above $8,900 - then target would be $9,250 - $9,850
Yeah, we know, this is a very vague target but this is what we are working with currently. Medium to High Risk traders should stay in this trade with about 1.5% - 4.5% SL (STOP LOSS) depending on your risk
What are we doing?
As shown in our portfolio, we do not invest in Bitcoin itself currently, because we want to outplay Bitcoin's price hike this year. That means that we want to increase our satoshi by investing in ALTS which we believe will grow faster then Bitcoin this year.
Medium to Long term Bitcoin will moon - don't worry - patience is key factor in crypto world. Bitcoin was around $750 just last year with analysts predicting $5,000 maximum target by 2018
Here's my take on Bitcoin...
RSI is almost oversold on 4H chart and MACD is bearish in short term. What does that mean? It means a possibility for re-tracement. That means that Bitcoin may experience a short term re-tracement. That is where we have outlined some bounce off points including short term supports.
PLEASE NOTE THAT THIS TRADE IS STILL BEING ANALYZED SO DO NOT TAKE THIS INFO AS 100% ACCURATE IN TERMS OF RE-TRACEMENT PROBABILITY - this is meant for investors looking to minimize their risks, in which case we would recommend short term sell of to USD or ALTS
General target shown in green is where we should end up in an event this 4H candle closes above $8,900 - then target would be $9,250 - $9,850
Yeah, we know, this is a very vague target but this is what we are working with currently. Medium to High Risk traders should stay in this trade with about 1.5% - 4.5% SL (STOP LOSS) depending on your risk
What are we doing?
As shown in our portfolio, we do not invest in Bitcoin itself currently, because we want to outplay Bitcoin's price hike this year. That means that we want to increase our satoshi by investing in ALTS which we believe will grow faster then Bitcoin this year.
Medium to Long term Bitcoin will moon - don't worry - patience is key factor in crypto world. Bitcoin was around $750 just last year with analysts predicting $5,000 maximum target by 2018
Penafian
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