MoolahMaker

BTC/USD Back to 8000+

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTC /USD has broke above the 50 EMA on the 8 hour chart and is currently finding support on top of it. The contiuation pattern further down has thus been canceled.

We can see BTC /USD jump high next if the current supports hold strong.

Let's see how this plays out!

Remember, as always, unproper risk management increases your chances of failure no matter how good of a trader you are. Aim for consistency and being the best trader you can. But the last thing you want to focus on, is the money, the reward. The more you focus on it, the more greed takes places and the more you cloud your thinking.

Happy trading!
Comment: It is still early from my opinion to go long, but it is an imminent move. We can wait just a bit more for it to confirm its strength and support on top of the 50 ema on the 8 hour.
Trade active
Trade closed: target reached: Trade closed until further confirmation of an up move as BTC/USd is breaking all important support zones.
Trade active: BTC/USD has finally gained back its loss. The next tp is at 7500 as long as it holds strong and doesn't go back down to 6800.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.