Retracement complete, slow rise awaiting bad news
Updated
BTC hit all time high like a charm and had its complete retracement quicker than expected. China margin news have left some at limbo and alot of speculation. Despite that its time for a bounceback and now would be a good time when whale shorters are being cautios.
A possible scenario is that chinese whales are now slowly moving their funds (btc) out of the country so they can use the western margin possibilities. This will take a couple of days and in the meantime it would be profitable to let it rise.
TP1 around 922 and TP2 at 1000
*Note* Could be a risky trade as the indicators are not fully convincing despite a small break through in the 4h.
A possible scenario is that chinese whales are now slowly moving their funds (btc) out of the country so they can use the western margin possibilities. This will take a couple of days and in the meantime it would be profitable to let it rise.
TP1 around 922 and TP2 at 1000
*Note* Could be a risky trade as the indicators are not fully convincing despite a small break through in the 4h.
Trade active
TP1 reached for those who want out with 10% profit. TP2 in sight for the more patient onesTrade closed: target reached
TP2 reached like a charm, closing trade. Could continue but resistance will be strong. We will see :)
Trader4life, with some berries on top
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