Bought a little BTC here for a scalp trade
Bitcoin just dipped under $11,400 and I couldn't resist
I bought some BTC a few minutes ago at $11,395 for a quick scalp trade.
I have some other BTC that I plan on HODLing for years and years, but using some of my trading capital to see if I can make a little coin here.
Here's what the hourly chart looks like right now:
(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC)
Based on the short term oversold conditions on the chart, I think we could see a bounce back up to the $11,500-$11,600 area.
And I think we see it within the next day or two.
Gold is down 5% while silver is down 10% currently. Bitcoin is down roughly 4% while stocks are up.
I just hope it is a small fallback, before a major breakout where 12k will be destroyed and destroyed, and later turn into a nice support level :)
Yes that would be nice wouldn't it.
I was worried when I saw it try 12k several times without success. I guess it will try once again, and if it will keep on failing, I fear a larger setback. But, who knows - anything can happen in crypto!
I just hope I can have this much to trade on Bitcoin. Sometimes the fear of bitcoin movement price discourage in trading Bitcoin. I am still imagining why stocks are up