¡¡¡ BITCOIN update !!! (Proxy: $GBPJPY 1H)
My personal analysis shows Bitcoin currently in an +130% probabilities of being in a temporary bubble making it impossible to anlyze traditionaly, thus, I use a proxy -in this case- $GBPJPY to get ideas. (if you are interested you can check my previous post for further details on that analisys).
Making a pure personal approach using this very personal and unique technique, chances are that we might be getting to a tough take-profit zone in bitcoin from the 17,000 to the 19,000-20,000 per bitcoin.
Market is so hot now that it is simply impossible to think in taking any short position here and longing involves extra-risk in any case we might be in the take-profit zone I just mentioned.
Best odds for bulls are to wait a pullback to the 15,000 zone. Bears must be sidelined. While these trendlines are respected the momentum will continue to the upside.
Regards,
Trade safe!
Alberto Alvarado
TradingView chart: https://www.tradingview.com/chart/GBPJPY/4QYaw3Hx-BITCOIN-update-Proxy-GBPJPY-1H/
Ask me! | https://earn.com/iiivb/
yup! I was not kidding a serious support was @ 15,000 ;)
Bitcoin is again at the buying zone
@OriginalWorks !originalworks
The @OriginalWorks bot has determined this post by @iiivb to be original material and upvoted(1.5%) it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!