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RE: Bitcoin(BTC): This chart is a masterpiece of technical analysis. Trade Update(2) 12/26/17

in #bitcoin7 years ago

The price is recouping quite nicely and it seems that it will touch $17.5k again. But it would not be unwise to expect some uncertainty in this price region the next two months. But the bigger bull run will probably continue in 2018.

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Thank you for your responds @wekkel . Yes I agree with you that we probably could see some more downward pressure if we reach the 17 500,- $. Till than I will update the chart and probably are going to take some profits from the table. For this trade the Risk/Reward Ratio was 1 ; 4.5 so a really nice profitable trade.

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