BTCUSD - New Range and New Target $18,000!

The short-term sentiment for the cryptocurrency market has improved - this could be due to the mainstream media outlets return from their Christmas breaks shouting out on the massive correction we've had, and people are seeing an opportunity. Ripple is going through the roof and my analysis here reckon it's going to 1.30 soon. I had previously recommended that people go long BTCUSD below the $15,500 level and prepare for a breakout. Now that we have broken the trading channel between $13,000 and $15,500, we are poised for a new range between $15,500 and $18,000.

Obviously it should not, but could, be a straight ride toward that $18,000 target nonetheless in terms of risk/reward buying BTCUSD is a great bet. What's the downside? We could see the cryptocurrency rout continue and thus prices would fall below $15,000 and at this point you'd CUT YOUR LOSSES. Look at the upside $18,000 and perhaps beyond.

Let me know what you think. Thanks a lot guys!

Trade geschlossen: Stop wurde erreicht:

Hi guys, sorry for the delay, been away for holiday.

Now the stopped has been triggered and thus we should close the call.

Nonetheless I think we are still trading within the two sideway range $13,000 to $15,500 on the lower range and $15,500 to $18,000 on the upper range so if any of you like swing trading that might be something to look at.

I'm a trend trader by princple so I'm going to wait and see for a new trend forming and will update again.

Thanks for the support and good luck trading guys!