Giant bear flag on BTC? Targeting $5k area

٢٣ أغسطس ٢٠١٨

BTC market update 24.08.2018

Hello Everyone,

Bitcoin Is currently trading at $6479 up with a small spike from the levels today.
As we outlined in our last update there is a dangerous bear flag forming on daily BTC charts.
That bear flag targets $5000 (!) area if It plays out!

We are currently in a strong support consolidation area, markets are extremely choppy hence we stay safe, do not overtrade and just wait for our right moment to come. And it will! Because we have a plan!

We must be quick and adjust our strategy according to market conditions.
Just a few minutes ago SEC announced they will review the rejected ETFs once again?
Is it possible that they are manipulating the price of BTC? Looks suspicious to say the least!
Our plans haven’t changed! If you are following our updates you are certainly growing your BTC portfolio day by day even in this choppy market.
With the positive news BTC might test our resistance at $6600 one more time before going down. We certainly think it is not worth the risk and still stay in fiat, protecting our capital.
Playing with alts at this point is extremely risky business and we wouldn’t urge you to put your money into the fire now. We have a long way to go and lots of profits to be made, so we’re not in a hurry.

Good news are coming for our loyal followers too! A few days ago we asked if you’d like to receive intraday calls, so we must inform you they are on the way to you!
Stay strong, patient, don’t give up and you will soon be on your way back to success!