Bitcoin Still at Bottom of Trend Oversold XBT BitMEX
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As you can see on the chart Bitcoin has been on an uptrend the past 2 months or so including the rise to 8,000. I suspect that it will continue on its trajectory as I suspected after we saw a false breakout downwards. From there you could have made already at least 100-150 pips. But I see this wave going much further around the 7200-7300 range.
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If you have never heard of BitMEX you are going to LOVE it:
bitmex.com/register/GprETf
Use my affiliate link for a 10% discount on all fees for the first 6 months of trading.
Thanks,
Chris
Note
Little bit of a change in the projection. TP @ 7000 16-18th
Enter Short 7000-7200
TP 6300 20th -22nd
Note
Looks like I was a little early for my 7000 prediction. I think we will see 7000 in the next couple of days. Volume is on point.
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