DK_Investment_Consulting

Bitcoin / buy at 30-31K $ / 42K $ target

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Dear traders and followers,

welcome back to our latest Bitcoin idea.
The market has been shaping a tighter and tighter price channel since mid-May in the range from 42K down to 30K and is currently
at the no trading area (sell at resistance or buy at support)

The diagonal short term up trend line has been broken yesterday and we can expect a soon retest of this area.
All volume indicators doesn't show any sign of incoming bullish movements at all but this can change quickly.

For the moment our limit order buy area is between 30K - 31K $ with a tight stop loss and take profit near 42K $.

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Comment:
tested twice the trend line and resistance
now going into down movement as expected
Comment: just nailed the entry an looking for sell signal before closing the position early without any signal from market
Trade closed: target reached
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