Bitcoin Still at Bottom of Trend Oversold XBT BitMEX

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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Thanks,
Chris

Comment:

Little bit of a change in the projection.

TP @ 7000 16-18th

Enter Short 7000-7200

TP 6300 20th -22nd

Comment:

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.