฿ Bitcoin BTC/USD Daily Video October 30, 2019

[Sive Morten]

Good morning,

Despite on recent 15% rally, BTC market has fragile background, which makes us think on 5/8 retracement at least. At the same time, we will not be surprised too much, if rally will be reversed totally....

 

[Brett Reynolds]

I took short on Monday..as soon as i saw that Gap UP'.
Entry $9225 Stop above Monday candle @ $9980..
This could be 'The BIG One'..!/ lol..

 

[Sive Morten]

I took short on Monday..as soon as i saw that Gap UP'.
Entry $9225 Stop above Monday candle @ $9980..
This could be 'The BIG One'..!/ lol..

Hi Mate,
take a look at FPA October update on BTC fundamentals. It is interesting to know your opinion on "bottom line" ideas. Especially in the light of recent governments' reaction on Libra.

 

[Brett Reynolds]

Well..whenever i hear BIG News especially from Mainstream Media...i am always very wary and sceptical about true motivations! I have learned to 'Trade what i see'...and i have found over time that it usually works out for me!
Ofcourse..Bitcoin..could have reached Bottom this year at $7300..but i will hold and monitor my short with my first target for this week around $8700! On Friday..i may bring my stop to Breakeven..or even close..because it's easy to get weekend Gaps' etc.
But..all in all..i am NOT yet convinced of Bitcoin Bulls until that recent Gap up High of $9900 is taken out!
That maybe for 2020..!?