Just a quick update on the markets, like Andre posted on the 16th, bitcoin broke through 7300 and tested new highs, sellers stepped in at around 8000 and the price has been correcting since.
Bitcoin is still bullish at this point in time. Keep an eye on 7000 to signal the return of the Bear. Should 7150 get hit we will take a close look at the price action.
I will look to do a breakout trade on margin should we break above 8000, likewise I am planning a margin short should be break below 7000.
Feel free to discuss our trades with us on the Slack channel. Safe trades!
High risk trades today – Looking to short between 7500 – 7200. PLEASE NOTE: – Short term – High risk, not advised for anybody starting out in this game.