I'm only posting really high probability trades. I'm right more than 80%, check my trading history.
The far extended move will probably correct soon. There lots of traders going long at the moment because there expecting a bull flag.
When the bull-flag pattern declines and become invalid we could get a heavy drop, that would give us a great profit/loss rate.
It's just a short term trade. I actually don't know where the bitcoins is heading. I'm neither bearish or bullish, I just trade the setups I see. Good luck all!
Profit/loss rate: Far above 5.
Stop-loss: Above the red line.
The far extended move will probably correct soon. There lots of traders going long at the moment because there expecting a bull flag.
When the bull-flag pattern declines and become invalid we could get a heavy drop, that would give us a great profit/loss rate.
It's just a short term trade. I actually don't know where the bitcoins is heading. I'm neither bearish or bullish, I just trade the setups I see. Good luck all!
Profit/loss rate: Far above 5.
Stop-loss: Above the red line.