garaihove

Still Long on BTC

Lång
garaihove Uppdaterad   
BITFINEX:BTCUSD   Bitcoin
BTC is attempting to break major resistance level around the 7000USD market and move into a different trading zone i.e from the blue to the purple trading zone as shown on the chart.
I am still for the idea BTC is going to continue being bullish and could reach 8400USD in the next couple of weeks. There seem to be major backs on Sundays' from around the beginning of this upward trend. This creates great buy opportunities on Mondays'.
Kommentera:
BTC is attempting to break major resistance level around the 7000USD market and move into a different trading zone i.e from the blue to the purple trading zone as shown on the chart.
Kommentera:
Might see a drop to 6750 USD then continuation to the upside

Kommentera:
Waiting to enter once BTC is around 7100USD (buy stop).
Entry :6950USD
Stop Loss : 7000USD
Take Profit : 8400USD
Kommentera:
Waiting to enter once BTC is around 7100USD (buy stop).
Entry :7100USD
Stop Loss : 7000USD
Take Profit : 8400USD
Handel aktiv:
BTC pulled back at 8350. A rising wedge had been formed and BTC broke out and using the wedge top as support as seen by its move back up. The strengthening of the US Dollar index could have contributed to the drop from 8350 to 7800 USD over the past couple days. I am still bullish on BTC and still holding.
Trade stängt: målet nått:
Based on analysis, the target reached. Still bullish to 9000USD
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