Every Bull Needs a Breather

Sep 2, 2017

A small profit-taking idea. Inverted double bottom formed. Price wants to go down and will probably touch EMA 200 again, or lower early this month. And rise again. Target 4900-5000, mid or late-September. As long as there is no unexpected, or major news, price will remain in the 4000-5000 area for this while I predict. Could maybe reach 6000 next month (October). But be alert for news of '2x' part of Segwit2x which was agreed upon by miners during NYA. October/November will be an influential period for cryptocurrency.

Please be reminded that this is speculative, and is never a form of advice. Your decisions are your own.

Thanks for reading. Have a good trade!

Sep 2, 2017

Note

Feel free to comment, discussions welcome.

Sep 2, 2017

Trade active

Ichimoku cloud crossover formed. This signals a possible trend reversal for next few period. Short opportunity. Support primary at 4400-4500. Secondary at 4200.