Luisgonzalo

BITCOIN in critical support area

Luisgonzalo Updated   
BITFINEX:BTCUSD   Bitcoin
it's been so much since we are waiting BTC to explode like a rocket to the moon and beyond, but in the end the chart is the only one with the final word. Now the price is in a critical support level with has been held as support and resistance in the past. I don't have a bias right now, so let's wait for the next move.

In regular forex pairs I trade intraday and 5 minutes timeframe, I have found BTC to be more a swing trading thing, at least for me and my trading style. Next target is above 19.000 IF it holds 3200 level, if it goes below that level then we will have a new target. BTCUSD
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it's holding the support level in smaller timeframes,
if it breaks below this level it could go to 3200 as stated above, if it remains bullish still has a long way to go to the next target, something around 19.000
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come on BTC!!!
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back at 8000... held the support.
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it should break above 8500 to ride it north!!!
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it's going up!!! I will keep an eye on the 11600 level, I already banked 120 pips this week in a low risk trade.
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and in this timeframe it has to break 11200 to remain bullish, long term
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