Gl4diator

#bitcoin - Hitting 1st potential low

BITSTAMP:BTCUSD   Bitcoin
After Bitcoin finally decided to go for the green scenario and broke down, it is just now hitting the first bigger support. It´s a combination of the Monthly Pivot & a Channel-Support, also Bitcoin is quite oversold.
Watch the levels, shorters might want to think about securing their positions nicely, two ways to go from here and don´t forget not letting winning trades run is as bad as not taking profits, when there is a good spot to do so. In case it goes further you will maybe miss a couple of % and think "I knew it", you know yourself that's subjective and not appropriate.

Targets & Supports remain the same.


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Warm regards,


Neru

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