SuperSignalFX

BTCUSD - Possible reversal on 9500-10000 level

BITSTAMP:BTCUSD   比特币/美元
Having a look on the dollar index             (See the related idea below), we can see a falling wedge which could lead to a reinforcement of the dollar against all currencies including the bitcoin             .
Currently we can see on the BTCUSD             chart that the price is testing a resistance between 9500-10000. The setup will be invalidated if the price goes above 10500.
In case of validation of the potential reversal the next target could be very low around 3000.
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MANY TRADERS SAYING END OF BEAR TREND ...WHY COULD IT GO TO 3K..MAX DROP CAN BE TO 8K I THINK
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I would Short it now with ALL my cash now if I were you, $9500 to $3000 is delicious!!! =)
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@kesmoments, Do you know the meaning of money management ? If not I recommend you this post :
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Yeah I'm seeing that trend line. Let's see together how it goes
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go to sleep
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SuperSignalFX RickyParker
@RickyParker, I like your comment
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