Yesterday we have hit my lower target for another sideways price action. Now as I am writing this article we have just broke up from that and we are really near the uptrend confirmation range of $7 620 - $7 720.
I think that now there will be again sideways price action and it will be in the $7 510 - $7 590 range. From this point, we can go up or down. If we do up from this range we will enter the confirmation range and it will be a very positive sign of possible soon bull run. I would recommend you not to trade until we break up from that range or only with a very tight stop-loss. I am now not trading at all because it is very tricky with Bitcoin.
- Tom
I am NOT a financial adviser of any kind and I am NOT responsible for any financial decisions made by you. I wish you a very profitable trading!
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Good to see the Bitcoin turnaround. Interesting that you say we must wait and see if the bulls continue with this run. I guess that is wise after the bears took over in May. :)
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Some people are saying we might see another pull back at 7800.
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Yes that could be. maybe we will then go down to 6900 that everyone was seeing and SHOOT up past 7800. :)
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I said that because I got screwed last week and I have lost around 10% because I wasn't looking when BTC dropped so much.
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A very realistic target I think. I'm targeting around 10,500 over the next month or two
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yeah, we should easily hit that if we break up from this confirmation range. ;)
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Looks like bullish but it can be a fake breatout too.
After hitting 7800$ we could see a pull back
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You got a 15.84% upvote from @oceanwhale With 35+ Bonus Upvotes courtesy of @tompadik! Delegate us Steem Power & get 100%daily rewards Payout! 20 SP, 50, 75, 100, 150, 200, 300, 500,1000 or Fill in any amount of SP Earn 1.25 SBD Per 1000 SP | Discord server
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You got a 29.31% upvote from @brupvoter courtesy of @tompadik!
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