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!
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!