stefpeev

How I see BTC and expectations for this bullmarket part 2

Long
stefpeev Updated   
BITSTAMP:BTCUSD   Bitcoin
In my previous idea I explained my reasoning for this.
Now I am showing short term expectations.
Bitcoin is still behaving as expected.
Trade active:
Target reached 63k zone. Made an order for Algo also at .22 and waiting a bit lower for SYS.
Comment:
Target reached lower part of my range + some hundred dollars and reversed.
I believe it may go and test 65k and bounce back up for a continuation ot the bull market.
Comment:
Ok did a much faster dip than I expected, at 63K its still respecting the trendline for a test. A daily close below 63k could mean trouble. If by the end of this week we dont see a bull reversal I am becoming sceptical and awaiting a drop to the 50K region where is the next support and liquidity zone. With DCA orders awaiting at 52k-45k.Bellow that is an old trendline waiting to be respected at around 34k.And from then on it would be a massacre till 20k-25k.
But fingers crossed, hopes up!
Comment:
Bigger dip than expected today,if we dont close above 69k it could mean trouble.
Liquidity zones at around 61k and 51k. Check new idea for more.
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