BTCUSD: Meteoric rise but is BITCOIN about to fall...

A major event is occuring within the Cryptocurrency world on the 9th of July. In summary, the event halves the amount of Bitcoins that can be made (mined) each day. Analysis of this event tells us that supply will decrease meaning the price should sky rocket. Looking back over the last few weeks, we can see the price has risen by over $300...is it possible that the upcoming block halving event has already been priced in???? The price is now sitting just below a good support turned resistance line and is holding up below the TS acting as a moving trendline. Longer term trade is still long however.

Transaction en cours:

Trade opened on a break of hourly trendline

Commentaire:

7 months later we are still in some positions!