We are obviously after a massive bull run which resulted that price dived into 9k EUR for some short time, but we had a nice bounce back to almost 11k.
I have to admit that Bitcoin trade in the recent days wasn't very exciting, more like bears playing on shorts mostly, but without another big sell off, price wouldn't be going down that quickly, so what is...
Bitcoin is currently on ascending line, so wait a bit with getting back to the game till we change the trend.
I was suspicious from the beginning looking at Coinbase Pro, where I didn't see people trading but price and volume was going up - bots were buying step by step all on the way to the top, periodically selling some coins back - surprisingly not many...
BITCOIN/EURO
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is possibility of temporary retracement to suggested support line (6299.85) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes...
Price was stagnant the last couple of days which made trading pretty boring, but we are now seeing some movement. Over the next day I expect the price to fall to around €6947 where it will find support, and then bounce back higher giving traders the opportunity to take profits.
