EliteTrader101

Bitcoin is now strong because Retail traders are short!

Long
BITSTAMP:BTCUSD   Bitcoin
All the stops of the weak buyers have been taken on this aggressive move down into 540 level where Big Boys had resting orders. I know this because i looked at the 5min and almost all the volume came in at the bottom of the 15min bar at 540. I think this is going to 640, but has to take out 615 first. As long as price stays above 549 prices should rise quickly to my targets.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.