Liverpool, UK

©2017 BY WILLSCUBA ETORO. PROUDLY CREATED WITH WIX.COM

Disclaimer, None of the information contained with in this site is trading advice and should not be considered as trading advice! It is merely documenting my personal journey trading and outlines what actions I have taken, and what steps I will be taking. 

TRADING carries risk! only trade with money that you are willing to lose! 

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Bitcoin still to tumble.?

April 8, 2018

 

 

As bitcoin 1.39% is being slightly more stubborn that on my last chart, here’s the next one that lends itself to a bit longer timescale. 

 

On the chart I have marked out the increasing area of resistance around the 7.2k mark. I believe that we will see this tested more over the coming days, but untimately will retest the 6k before the 7.2k mark is broken -but even then this will be another bulltrap- 

 

Ive marked out in green the first area that I will be closing down a fair amount of my SHORT trades on eToro that I am currently hedging out my very long term LONG trades that I have from the downturn that are my Project ATLAS trades (my holding trades) 

 

I still believe that we are in a bearish trend and will still test the 5k mark but might take a while to get there unless capitulation really takes hold and then even 3k could be tested. 

 

 

 

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