Bitcoin - A speculative look at the week ahead...

23 ก.ย. 2017

Hey all,
Just wanted to share my weekend thoughts....

In a nutshell, I'm bullish for the upcoming week!
We had a lot of FUD last week and BTC´s price was clearly affected buy it. The smart money took their profit and we had a nice healthy (small) correction.
The smart money will start buying again.
Bitcoin normally doesn´t like to produce more than 3 red daily candles in a row and as you can see in this chart there are 4 before the last green one!

I believe 4K is our next stop and possible resistance. If we can break through the 4K mark, and hold then we could be in for a chance to finally properly smash the 5K price tag.
To play it safe wait for confirmation of a break in the descending trend line/triangle.
FUD & FOMO are like any chart, up and down. Next week I´m bullish on FOMO ;-)
I hope this simple chart helps.
Keep eyes on the 4K zone and get ready for I´m sure another fun week in crypto!
Safe trading to all.