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 - $7 590 range. From this point, we can go up or down. If we do up from this range we will enter the confirmation range and it will be a very positive sign of possible soon bull run. I would recommend you not to trade until we break up from that range or only with a very tight stop-loss. I am now not trading at all because it is very tricky with Bitcoin.
- Tom
I am NOT a financial adviser of any kind and I am NOT responsible for any financial decisions made by you. I wish you a very profitable trading!
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Good to see the Bitcoin turnaround. Interesting that you say we must wait and see if the bulls continue with this run. I guess that is wise after the bears took over in May. :)
Some people are saying we might see another pull back at 7800.
Yes that could be. maybe we will then go down to 6900 that everyone was seeing and SHOOT up past 7800. :)
I said that because I got screwed last week and I have lost around 10% because I wasn't looking when BTC dropped so much.
A very realistic target I think. I'm targeting around 10,500 over the next month or two
yeah, we should easily hit that if we break up from this confirmation range. ;)
Looks like bullish but it can be a fake breatout too.
After hitting 7800$ we could see a pull back
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