Smoak

Bitcoins Next Move

Long
Smoak Updated   
COINBASE:BTCUSD   Bitcoin
I know this scenario seems implausible at the moment but I think we may see a move like this in the shorter term. Technicals are very bearish but I think we are range bound for the next days. In terms of my longer term view I remain very bearish but still believe that a move to 15k - 17k is certainly plausible.
Comment:
We reached the first target and are seeing some pullback now. I'm expecting us to drop to the 8950 level. If we can keep that area then I think we will get to the 10,000 level.
Trade closed manually:
I have exited my trade and taken profits. We may still go up but I am happy with the profits made and don't want to get greedy.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.