Hello traders,
Description of the analysis:
Nowadays, high volatility I have marked important s/r levels, where market reactions will be important. The VIX index is still in extreme values over 50 points. Recently, I have made many speculative and investment hedging decisions and I am very pleased to be present at this volatility as it has moved me as a trader...
Price formed a double bottom, indicating an end of trend. Price broke descending trendline, indicating a start of a new trend. Wait for a pullback and an trigger entry at a fair price to get smaller stop loss.
MTCH: Online Dating leader Match.com took a nosedive with the announcement that Facebook will begin competing in its space. The technicals suggest a good buying opportunity is setting up as the major correction of the high degree 3 completes.
So, first off all: this post does say LONG.. HOWEVER, I want to make sure you all see that in the TITLE I say $8k first. Secondly, this is like the 20th post on Bitcoin in the last 10 days hahahaha. But when my posts get so long I feel the need to upload a new one. I constantly like to notify you guys on what I think and how I feel about the market at a certain...
