The price of bitcoin has been steadily (or stellarly?) rising and quickly correcting in the last weeks. That’s why I don’t expect any sudden flash crash in the coming days. Just see the chart: The break through $260 was successfully tested from above a few days later, $500 was tested the day after the break, $750 two days after+ this weekend’s correction. The only question for these days is what about $1000? The first test failed as yesterday daily candle closed below. But there’s a huge buying pressure under and any attempts to suppress the price deeper down will end up with a big spikes pointing toward higher price. Am I saying the price can’t fall? Not at all! $750 can be tested again, maybe with a fast spikes below. The $1000 is a big big level and one shouldn’t expect the price passing through it smoothly. When this definitely happens daily moves will increase again by 10s of Btc. BTC/USD can go through some consolidation period before that. Or not…
Buy: 989 SL: 940 TP: 1150, 1250
Sell: 795 SL: 875 TP: 760, 700, 650 (Bitstamp data)