Bitcoin MAJOR Decision Point!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
After completing the ((e)) wave of the triangle, the market rallied just as expected. I am expecting this to travel to at least $22,700 but more likely $27,700. However, in order for this to be a viable option, $14,150 needs to hold price and not be penetrated. If it is, then expect much more bearish movement over the next few days and weeks.
I would rather Bitcoin turn higher after completing a zig-zag to the downside because this would make it much easier to trade and profit from.

For now, we need to wait it out!
Comment: Is it bouncing? A break of $16,909 will confirm! :) Hope you had a great weekend.
It's at $15400, should I sell? It's not looking to be heading north anymore
@Patxi21, don't sell it! what comes down must go up!
StippWian cizerleuros
@cizerleuros, interesting strategy :)
cizerleuros StippWian
@StippWian, Thank you :)
michaeldobfx cizerleuros
@cizerleuros, It's in a bull trap before crashing again. Happens to every bubble.
+2 Reply
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