UPDATE: Last forecast won
Final chance for a pullback. The BTC price is an oversold area on Sunday and could bounce back up on Monday. If the price doesn't go up again fast, then there is a huge risk that the Bitcoin price can flash crash down to 220 or much much lower, if the price drops below the lower red trend line.
LazyBear %B support/resistance indicator(1) shows that the price is below support (green crosses).
Long trade idea:
Entry: 235
Stop: 229
Target: 250
Short trade idea:
Entry: 240
Stop: 246
Target: 220
(1) www.tradingview.com/market/lb-srlevels/
P.S. A message for the perma bears:
"Speculation is most dangerous when it looks easiest." - Warren Buffett
Final chance for a pullback. The BTC price is an oversold area on Sunday and could bounce back up on Monday. If the price doesn't go up again fast, then there is a huge risk that the Bitcoin price can flash crash down to 220 or much much lower, if the price drops below the lower red trend line.
LazyBear %B support/resistance indicator(1) shows that the price is below support (green crosses).
Long trade idea:
Entry: 235
Stop: 229
Target: 250
Short trade idea:
Entry: 240
Stop: 246
Target: 220
(1) www.tradingview.com/market/lb-srlevels/
P.S. A message for the perma bears:
"Speculation is most dangerous when it looks easiest." - Warren Buffett
