Ceng290

BTCUSD Long for now looking for a pull back

Long
BITFINEX:BTCUSD   Bitcoin
Hi All,

I am currently looking at my daily chart for the BTCUSD pair. Based on my trend analysis (my personal idea as to what is going to happen) I believe that BTCUSD will continue to go long until it hits the upper boundary of my blue channel. I think it will then go sideways for a bit with a possible retraction down to the $4500 dollar mark. if it goes down to $4500 I will try to buy some more and then wait for it to bounce back up.

I will update my notes in a few days.

RonN
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