Bitcoin
Bitcoin shorts from 6500/6550 looking at potential profits of over 1500 pips now as we break below 5000. We wrote: A break below this psychological round number will be the next sell signal in the bear trend.
It sure is! Next target is 4390/4350.
Bulls need need the price to at least hold above 5100 to target 5200, perhaps as far as 5400 but this is a severe bear market, in a state of panic & is likely to be met with selling at each opportunity.
The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.
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