Richie-Structuretradeview
Long

Structuretradingview on BTC

CME:BTC1!   Bitcoin CME Futures
05/19/2019.


Bitcoin has been on the rise for the past few months and expecting it to appreciate more from the look of the market, Buyer are in control...


Technical Analysis:

Using a combination of our tools from our trading toolbox (Fibonacci, Support and Resistance Level) At Fib's 50% (7094.0) price level showing a bullish engulfing pattern. From the previous trade session, we can see that at same Fib's 50% price level, acted as a support then went on to hit the Fib's 100% price level and did a reversal down back to Fib's 50% price level.


Waiting to break resistance price level at Fib's 61.8% at 7483.0 price.
Area valued to enter for this trade would be above the resistance price level at 7520.0 and set my first target price at 7861.0, take my first profit out of the market, wait to take my second order to aim target price at Fib's 100% price level at 8448.0 price...
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