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RE: Day trading bitcoin

in #bitcoin7 years ago

I was looking at it breaking through 11700, but it's already been rejected and heading back down. If it breaks 10800 then I'm looking at 10000 as a possible entry. If it breaks that with force, I'm looking at 9800-9200. After 9200, I'm going to start to expect 7900, at the least. I'll start to scale in at 8900. But I think it'll be a while for this move to play out. Just be careful going long because there will be a lot of false bottoms along the way due to dead bounces.