Today i'm going to share my first analysis with you. But first of all i would like to mention a lil bit about myself. I've been working for a private bank for over 8 years. I also have been trading in forex markets and cryptocurrencies since 2010.
Last couple weeks we've witnessed to ups and downs on BITSTAMP:BTCUSD . In my view there is a possibility of a reverse pattern on the 4h chart. Therefore we might see up moves in a short term.
I think around 8900 level good for entry and TP1 is 9267 and TP2 is 9860. Also stoploss should be set on 8655.
Let's see my analysis will come true or not :) I will update my chart soon.
Please click like button and comment if you like my analysis and feel free to share your own ideas below.
as i expected we saw a bit higher movements. If you are in trade like i mentioned in my idea, please move your stoploss to around 9000. therefore we saved the trade :)