jchaker

BTC BOTTOMED AND NOW ON THE RANGE

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BITSTAMP:BTCUSD   Bitcoin





As you can see BTC dropped by almost 10% in the past 4 hours.
This is the real charm of our dear market, BTC hit the 4100$ resistance, made a bull trap and dropped.
there’s what the 2015 bottom looked like and how the actual bottom, as you can see they look very similar.

But this time we got a uptrend channel :


So BTC hit the top of the uptrend channel and dropped to the bottom of it
Sitting at our support, (3700$)
Buy the dip (3750/3700$)
sell the top (4100$)
repeats till one of those (support or resistance) get broken.
Stop-loss : 3675$

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