LONG BTC: ShortTerm Bitcoin Price Projection

Overall Bear trend, however BTC should be able to retrace to the $11,000+ level before it dips back down to $6,000.
Trade at your own risk.
Sympathy stocks I am holding (some delay in price correlation, gives me time to make decisions based on BTC's price):
- DPW
- RIOT

Trade chiuso: obiettivo raggiunto:

Seems like Bitcoin is holding above $11,000, it is critical that there is some healthy consolidation here for this to move up more. I will be standing by the sidelines until then. Based on the Stochastic indicator it looks like Bitcoin has reached the end of its little bull run from $6,000. However the MACD and RSI show that there might be some room to run. As much as i'd love this thing to go all the way up I do think its best to play it safe at this critical level, before making any decisions on entering or shorting :)