Bitcoin Q4 2017
Thats our Idea for Bitcoin until the Fork
Target 1: 6550
Target 2: 6850
Until the Fork i see no Factors for a pullback, if this scheme works out we can buy back around 5900-6000 with a stoploss in place.
Take profit in the Red Zone and prepare to open a short there. We need to be careful when we open a short at 6500 as this could also rally straight to 7k. Have your Stoploss in place.
Prepare for a Dump on the Fork Day, with a bigger Pullback (40%+)
Reason for a Pullback at 6550:
Heavy Resistance
Bearish RSI Divergence
TD Sequential signal a pullback on the 2h and 4h Chart
Pump on News
We still have 2 Weeks to go until the Fork, cant go straight up from now :)
Target 1: 6550
Target 2: 6850
Until the Fork i see no Factors for a pullback, if this scheme works out we can buy back around 5900-6000 with a stoploss in place.
Take profit in the Red Zone and prepare to open a short there. We need to be careful when we open a short at 6500 as this could also rally straight to 7k. Have your Stoploss in place.
Prepare for a Dump on the Fork Day, with a bigger Pullback (40%+)
Reason for a Pullback at 6550:
Heavy Resistance
Bearish RSI Divergence
TD Sequential signal a pullback on the 2h and 4h Chart
Pump on News
We still have 2 Weeks to go until the Fork, cant go straight up from now :)
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