This is a short term trade. The price bounces from the uptrend line and Kijun. RSI confirms price reversal. Entry level is 14700.00 with stop below the local swing low at 14000.00 level. Profit targets are 15400.00 and 16000.00 levels.
If the price breaks the uptrend line and buy orders are not activated, you should delete them and wait for a new trading opportunity.
The 1st target was reached.
From 5000$ to 15000$ in 65 days of BTCUSD trading. An interview with my collaborator Oleg at Tradunity! Read it here: https://goo.gl/5FQU3X
@Perugini, not necessarily. There is a huge correlation between BTC and Alts, but there are many other factors that go into it. For instance, investors are cashing their BTC out (to fiat, not other coins.) It's good to remember that this market doesn't exist in a vacuum.