1 day chart shows a bullish pin bar, which normally acts as a reversal I am not saying this is the bottom of Btc, but this pin bar, coupled with a bullish divergence and low rsi, and a broken local trend line gives the possibility to see Btc raise to around 8150$ There is still some resistance at 7200, so a break above 7200 with a candle acting as a support above this resistance level would confirm the possibility to see some more bullishness There was some interesting random pump happening, they might keep on appearing up to some certain levels This might actually be the double bottom formed with the February lows, even if Btc reached 6400 instead of 5800, a double bottom does not necessary gives some bullish patterns at an exact accurate same value reached Risky time to short right now
GL
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交易結束：目標達成
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7200 broken
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交易進行
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Because of the yesterday small local pumps that artificially maintained the price of Bitcoin above the 6.500$, the target of 8.150$ is still a possibility. I am not saying it will happen, but it remains possible.
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We briefly reached 8090$ 8150 is still a possibility
Agreed. Although I think we need to retest 7700 area first. Probably get rejected first time we hit that.
Giovi6969
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@alexcph,
Absolutely
There are plenty of resistance levels
Giovi6969
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@alexcph,
Interesting btw to see you are a former professional poker player
I used to play poker a lot too, not at a pro level, but this shows the true nature of Bitcoin : a sort of gamble with potential short/mid/long term gains with proper "bankroll" management, risk management, part of luck with the random pumps and random dumps
alexcph
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@Giorgioversace, Yes there are definitely a lot of similarities between poker and trading. Trading being a bit more complicated of course but you can utilize the same skill set for it. :)